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[East African] Kenya's plan to take a third Eurobond in the first quarter of this year seems to be in limbo as the country grapples with persistent turbulence in the global financial markets and protracted negotiations with the International Monetary Fund for reinstatement of a $1.5 billion standby facility.
Rwanda: Rwf 436.5 Billion Worth of Shares and Bonds Traded Over Last 8 Years
[New Times] Statistics from the Rwanda Stock Market show that equities and bonds worth Rwf 436.5bn have been issued on the local market.
Nigeria: Analysts Bet On Unilever, Seplat Shares, Others
[Vanguard] Investment analysts in the capital market have expressed optimism on the possibility of shares of Unilever Nigeria Plc, Seplat Petroleum Development Company, and Eterna Plc performing well this year and recommended them for a buy.
Nigeria: Only Govt, Lagos Accessed Capital Market in 2017, Says FRC
[This Day] Only the federal government and the Lagos State Government accessed the Capital Market for bonds in 2017, a Fiscal Responsibility Commission (FRC) has report said.
Africa: African E-Commerce Startup Jumia Files for IPO On NYSE
[TechCrunch] Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today, per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch.
Nigeria: SEC Intensifies Efforts to Reduce Unclaimed Dividends
[This Day] As part of efforts to tackle unclaimed dividends in the market, the Securities and Exchange Commission (SEC) is intensifying the implementation of the electronic dividend and regularisation of multiple shares subscription.
Nigeria: Bears Strengthen Hold, As Investors' Wealth Plunge By N90 Billion
[Guardian] Following price losses incurred by the bellwethers, the Nigerian Stock Exchange (NSE), extended its negative sentiment to six successive trading sessions, as investors' wealth plunged by N90 billion in four trading days.
Nigeria: Nigeria Misses Top Five African Factoring Markets Worth N9 Trillion
[Guardian] Nigeria is not among the top five countries in Africa's factoring market, worth N9.03 trillion (?22.3 billion), Africa Export-Import Bank (Afreximbank) has said.
Nigeria: Unlocking Potential of Nigeria Commodity Exchange
[This Day] At the primary level, a commodity exchange connects buyers and sellers of physical commodities, a role that is particularly useful in enhancing market efficiency by helping to match supply and demand of commodities across time and geographic distances. In its sophisticated form, a commodity exchange, as noted by the United Nations Conference on Trade and Development, brings together buyers and sellers of commodity price risk, permitting those who wish to reduce their exposure to price movements to transfer
Ethiopia: UAE Companies Exploring Investment Opportunities in Ethiopia
[ENA] Addis Ababa -Delegates from more than 80 UAE anchor companies are taking part in the Ethiopia-UAE business forum in Addis Ababa to explore available investment opportunities.
Nigeria: Stock Market Index Sustains Sliding Profile, Down By 0.14%
[Guardian] Transactions on the equities sector of the Nigerian Stock Exchange (NSE) yesterday, sustained sliding profile, occasioned by price depreciation recorded by most blue chip stocks, as the All-share index depreciated by 0.14%.At the close of transactions, the NSE-All-share index declined by 43.07 absolute points, representing a decrease of 0.14 per cent, to close at 31,082.32 points.
Nigeria: NSE-Asi Dips Further By 0.14 Percent
[Leadership] Lagos -Nigerian equities market extended negative stance into the second trading session of the week as the Nigerian Stock Exchange- All Share Index (NSE-ASI) shed 0.14 per cent, yesterday.
Nigeria: Jumia's Billion-Dollar NYSE Listing Comes Amid Both Good and Worrying Signs
[Daily Maverick] Later in 2019, the New York Stock Exchange will see the first listing of an African technology company to be valued at more than $1-billion, a real, actual dinkum unicorn. The company, Jumia, is Nigeria-based and is known as the African Amazon since it is primarily an e-commerce business. But is it a good investment?
Kenya: Bank Stocks Gain Sh13.6 Billion After Freeze of Rate Cap Law
[Nation] Kenyan banks' share prices rose further on the Nairobi Securities Exchange (NSE) on resumption of trade on Monday, three days after a court declared the lending rate cap null and gave Parliament 12 months to review it.
Nigeria: SEC Seeks Mergers of Shareholder Groups for Positive Change, Economic Growth
[Guardian] The Securities and Exchange Commission (SEC) has stressed the need for all registered shareholders' associations in the Nigerian capital market to form alliance through mergers.
Zimbabwe: Listed Entities Stick to U.S. Reporting Standards
[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.
Tanzania: Tanzania Bourse Starts Week On Bad Note
[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.
Nigeria: NSE All-Share Index Gains 0.15% As Stock Market Rebounds
[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.
Nigeria: 10 Companies Control 71% of NSE Equities Market Capitalisation
[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.
Zimbabwe: 'Black Market Can't Determine Forex Rates'
[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.