[The Herald] Zimbabwe Stock Exchange listed companies that have released their financial results to date, have resorted to the use of old reporting standards as they await detailed guidelines from various regulators, Business Weekly has established.
[The Exchange] The Dar es Salaam Stock Exchange (DSE) posted a bullish increase in total turnover of Tshs.8.2 billion ($3.5 million) last week compared to Tshs.1.7 billion ($739,130) of the previous week with Tanzania Breweries Limited (TBL) and Dar es Salaam Stock Exchange (DSE) emerging as top movers.
[This Day] Reprieve came the way of investors yesterday as the equities market bucked five days of losses to close on a positive note. The market pared losses as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.15 per cent to close at 31,360.28, while market capitalisation added N17.5 billion to be at N11.69 trillion.
[This Day] Ten companies, led by Dangote Cement Plc, account for 71 per cent of the market capitalisation of the equities listed on the Nigerian Stock Exchange (NSE), THISDAY investigation has shown.
[The Herald] Government cannot allow itself to be influenced by the black market in determining foreign exchange rates on interbank transactions as the parallel market is run by a few individuals transacting on nominal amounts, Reserve Bank of Zimbabwe Governor Dr John Mangudya has said.
[East African] Investments in the stockmarket have turned more than 9,000 Kenyans into dollar millionaires, with latest data showing that super-rich individuals have put at least a quarter of their money in listed companies.
[Guardian] Abuja and Maiduguri -Barring unplanned changes, telecommunication giant, MTN, will list its shares on the Nigerian Stock Exchange (NSE) in or before June this year.MTN, while announcing its results for the year ended December 31, 2018, confirmed its intention to list by introduction on the NSE in the first half of 2019.
[Guardian] Telecommunications companies plying their trade in Nigeria, have cried out once again over what they described as, increasing tax burdens on their shrinking business.
[Guardian] With close to 38 per cent loss suffered investors due to free fall in equity prices in 2018, stakeholders have urged President Muhammadu Buhari to use his second term to prioritise the stock market as the most reliable medium to finance critical infrastructure.Dearth of infrastructure is routinely identified as the bane of doing business in Nigeria.
[Nation] Foreign investors at the Nairobi Securities Exchange (NSE) in February recorded a net buying position for the first time in 16 months, taking positions on a number of blue chips with an eye on dividend and capital gain.
[Citizen] Dar es Salaam -The Dar es Salaam Stock Exchange closed last week in a low note, as only Sh15 million turnover was recorded on Friday, compared with Sh100 million the day before.
[East African] Commercial Bank of Africa (CBA) and NIC Group have confirmed their merger plan whose completion will see the unified banks listed on the Nairobi Securities Exchange (NSE).
[East African] East Africa's capital markets scored highly on market transparency, tax and regulatory environment and access to foreign currency according to the Absa Africa Financial Markets Index for 2018, but fared badly on local investor capacity.
[Guardian] Eat'N'Go Limited, Nigeria's franchisee for Domino's Pizza, Cold Stone Creamery and Pinkberry Gourmet Frozen Yoghurt, has been recognised by the London Stock Exchange group as one of the companies to inspire Africa in 2019.
[Guardian] Capital market regulators have blamed shareholders for their investment losses, urging them to report corporate governance lapses perpetrated by the boards of listed firms, and collaborate with management to create sustainable wealth through profitability.
[CIO] CrossBoundary Energy Access (CBEA) recently announced its launch with funding commitments from The Rockefeller Foundation and Ceniarth. The company will initially invest $16 million into mini-grids serving 170,000 people, providing first-time power to homes and businesses. The focus is on markets with supportive mini-grid regulatory frameworks, such as Tanzania, Nigeria, and Zambia.
[Balancing Act] London -A number of different start-ups have tried creating a data-free access service for African customers without success. biNu's Co-founder and CEO Gour Lentell is a veteran and pioneer of low-cost data access. Russell Southwood spoke to this Zimbabwean-born entrepreneur about offering free data through reverse billing.
[Citizen] Dar es Salaam -Foreign investors made a strong return to the Dar es Salaam Stock Exchange (DSE) on Wednesday by injecting Sh1 billion through transacting Tanzania Breweries Ltd (TBL) shares.
[Citizen] Dar es Salaam -The precision of trading processes and standards at the Dar es Salaam Stock Exchange (DSE) Plc has attracted the attention of international observers, granting the 23-year-old bourse a full membership of the World Federation of Exchanges (WFE).
