Angola: Stock Market to Open in 2011
The Angolan Stock Market and Derivatives (BVDA) will open in 2011, the Finance minister, Carlos Alberto Lopes, announced Wednesday in Luanda.
Nigeria: SEC to Sue 260 Capital Market Operators for Alleged Violation of Ethics
The Securities and Exchange Commission (SEC) says it plans to drag 260 capital market operators before the Investments and Securities Tribunal (IST) for alleged violation of ethics.
Kenya: Housing Finance Eyes Regional Market
Housing Finance has announced plans to go regional in a bid to grow its portfolio.
Kenya: Commodities Exchange Yet to Take Off Three Years Down the Road
Njoro farmer Samuel Gitonga believes he understands the needs of farmers in the southern Rift Valley.
South Africa: Offshore Property Offers Rand Hedge
THE listing of Redefine International on the JSE at the end of next month is expected to provide a rand hedge opportunity for South African investors without them having to use their foreign allowance.
Kenya: Increased Activity Lifts Stockbrokers From Losses Zone
Dyer & Blair Investment Bank has moved to the profit zone in the first half helped by increased activity at the Nairobi Stock Exchange (NSE), highlighting the marked profitability among investment banks and stockbrokers on the changing fortunes.
Nigeria: DAAR Communications - Missed Projection in Maiden, Belated 2008 Result
Seventeen months after the end of the financial year, and in clear violation of the post-listing rules of the Nigerian Stock (NSE), the board of DAAR Communications Plc, owners and operators of RayPower, African Independent Television and DaarSat electronic media group, submitted its 2008 audited results, which in any case, gave no cause for cheer to investors.
South Africa: Trade in Foreign Stocks Now Online
INSURANCE and investment services provider Sanlam yesterday launched a service that lets customers trade foreign shares online.
Namibia: Stock Exchange Sees First Listing of 2010
THE dry spell of listings that the Namibian Stock Exchange (NSX) has been suffering from since last October finally broke yesterday when Australia's Minemakers Limited listed on the Development Capital Board (DevX), becoming the 63rd company to debut on the local bourse.
Nigeria: NSE Market Capitalisation Appreciates by N63 Billion
Transactions on the Nigerian Stock Exchange resumed the week on a bullish note as equities' value, represented by the market capitalisation appreciated, Monday, by N63.12 billion.
Kenya: Nairobi Bourse Awaits Polls
NAIROBI, KENYA Kenya's stock market is facing yet another monumental test in the impending August 4 referendum which is set to define its future.
Nigeria: 'Why NSE Council Can't Meet'
The Nigeria Stock Exchange (NSE) said in Lagos on Monday that the delay in holding council meeting of the exchange was not as a result of succession crisis but because of the on-going court case over the election of the President of the NSE, Alhaji Aliko Dangote.
Nigeria: Market Capitalisation Rises by N64 Billion
Trading activities on the floor of the Nigerian Stock Exchange continued to sustain bullish run as both performance indices, the Market Capitalisation and All- Share index opened the week with considerable gains.
Uganda: Regional Blocs Threaten South Sudan Market
He also asked Ugandans to develop networks with Sudan as a government and also establish agencies that will be handy when the country’s huge market eventually opens up and its oil resources give way to exploitation.
Nigeria: NSE Gains 1.7 Percent After Amcon Bill Gets Presidential Assent
The basic indicators of the Nigerian Stock Exchange (NSE) inched relatively better than past few weeks of topsy-turvy movement last week, in what some link to the Presidential Assent, on Tuesday, of the harmonized Bill to establish the Asset Management Corporation of Nigeria (AMCON), expected to sock the about N1.7 trillion worth of bad loans in the books of the nation banks.
Zimbabwe: Firms Dispose Non-Core Operations
The Zimbabwe Stock Exchange (ZSE) has recently witnessed a number of disposals of subsidiary firms by listed entities, as directors recalibrate operations to stem losses.
Nigeria: FG Sells U.S.$698 Million At Bond Auction
The Debt Management Office (DMO) said that Nigeria sold the largest amount of bonds in at least five months at a sale where demand outstripped supply, even as Nigerian banks seek to invest in "partially risk- free" assets.
Nigeria: Investors Scramble for Zenith Bank Shares
Share price of Zenith Bank Plc increased by almost five per cent after the bank posted more than 100 per cent rise in profit after tax in the second quarter result ended June 30, 2010.
Nigeria: Investors Wet Appetite for Amcon's Take Off
The imminent take off of the Asset Management Company (AMC) has quickened investors' appetite for equities as upsurge in demand restored the flagging market indices.
Nigeria: Equities Value on NSE Rises Further by N43 Billion
The upward trend on the Nigerian Stock Exchange (NSE) continued, Wednesday, as the value of listed equities' represented by the market capitalisation appreciated by N43.47 billion.
South Africa: Vodacom Q1 Service Revenue Up 4.4 Percent
In a trading statement for the quarter ending 30th June, Vodacom reports robust South African performance. In a trading statement for the quarter ending 30th June, Vodacom reports robust South African performance. Service revenue was up 4.4%, and there was an increase of 15.7% in the contract customer base.
Zimbabwe: Re-Introduce an Efficient Money Market - Bankers Association
BANKERS Association of Zimbabwe (BAZ) has called for the re-introduction of an effective and efficiently run money market, saying its absence is stifling economic recovery.
Zimbabwe: Equities Unmoved By Budget, Diamonds Decision
IN NORMAL economies, when an important announcement is made, the stock market responds according to the perceived impact. The market cheers up on supposedly good statements while a negative event often leads to price weaknesses. It is unusual for a market to be indifferent to major economic events.
Zimbabwe: Company Director Appointed ZSE Committee Chair
NEW Africa Securities managing director Ndodana Mguquka has been appointed chairman of ZSE's management committee. He takes over from Bart Mswaka of Renaissance Securities. Mswaka now deputises Mguquka.
Zimbabwe: Diamonds to Boost Stock Exchange
THE Zimbabwe Stock Exchange could restore its buoyancy should government sell the controversial alluvial diamonds from Marange, analysts have said.
South Africa: Aquarius Lifts as State Settles Safety Issue
AQUARIUS Platinum's shares recovered yesterday after the Department of Mineral Resources appeared to soften.
Kenya: Market Recovery Puts Brokers Back on Path to Profits
Increased activity at the Nairobi Stock Exchange (NSE) is changing the fortunes of stockbrokers and investment bankers as intermediaries recover from losses incurred due to a subdued market last year.
Kenya: Stocks Market Jittery Ahead of Vote on the Proposed Law
After a good run in the first six months of this year, the Nairobi Stock Exchange faces yet another test in the August 4 referendum.
Kenya: Cable Firm's Share Price Dips By 13 Percent
The share price of East African Cables (EA Cables) dipped 13 per cent to Sh18.95 during Monday's trade from Sh21.75 of Friday, on the back of a profit warning issued on Saturday.
South Africa: Axiz Takeover 'Will Open New Markets for Pinnacle'
PINNACLE Technology has acquired Axiz Technology for R170,9m to create one of the largest distributors of technology products in the country.