AfricanShareholder News

KML: Suspension on the ZSE lifted

Mon, 22 Feb 2010 00:00:00

Notice is hereby given that Meikles Limited (formerly Kingdom Meikles Limited)'s suspension on the Zimbabwe Stock Exchange has been lifted. Accordingly, Meikles has resumed trading today, 22 February 2010, with bids at US40 cents and offers at US48 cents. There were, however, no trades on the first day of resumed trading. Thank you,

African IPO news alert: 18 February 2010

Thu, 18 Feb 2010 00:00:00

Egypt Egypt's Albatros Resorts Preparing for IPO in 2011, Owner Says Feb. 16 (Bloomberg) -- Egypt's Albatros group of resorts is preparing to raise money in an initial public offering next year to double the number of rooms it operates, its owner said. Beltone Financial, a Cairo-based investment bank, will oversee the IPO, Albatros's owner, Kamel Abu Ali, said in a telephone interview today. The sale may raise $200 million to $250 million, according to an executive at Beltone...

African IPO news alert: 12 February 2010

Fri, 12 Feb 2010 00:00:00

Uganda Uganda brokerage says NIC offer oversubscribed An initial public offering by Uganda's biggest underwriter National Insurance Corporation (NIC) has been oversubscribed in a sign of growing investor interest in the east African country, a broker said on Friday. The discovery of large crude oil deposits has turned a spotlight on the region's third-largest economy, where growth is expected to be 5 percent in fiscal 2009-2010 and then climb to 7 percent the following year....

Zimbabwe Legislation update - Indigenisation & Economic Empowerment Regulations

Mon, 8 Feb 2010 00:00:00

On Friday 5th February, the Extraordinary Gazette (dated the 29th January) promulgated the long awaited Indigenisation & Economic Empowerment Regulations before these Regs come into force on the 1st March, in terms of which :- Every existing business (whether incorporated or not), partnership, association, sole proprietor with an asset value of US$500 000 or more shall submit by the 15th April, 2010 to the Minister of Youth, Indigenisation & Empowerment a 6...

African IPO news alert: 29 January 2010

Fri, 29 Jan 2010 00:00:00

Zimbabwe ZSE set to toast more listings ZIMBABWE Stock Exchange (ZSE) chief Emmanuel Munyukwi has already raised the champagne glass once this year, and it looks like the securities boss might have an excuse to take a sip at least three more times before June. A reverse listing by Tawanda Nyambirai's TN Financial Holdings of Tedco Ltd earlier in the month saw the ZSE chief toasting to a successful deal. Now, with speculation rife that the ZSE, a rather laid-back market in terms of business...

An evening on the Sub-Saharan stock markets; New York, Thurs. Feb' 4th 2010

Fri, 29 Jan 2010 00:00:00

ALL FOR AFRICA (http://www.allforafrica.org) in partnership with EXOTIX (http://www.exotix.co.uk) will be hosting a round table discussion with Ashley Bendell & Christopher Hartland -Peel. DETAILS: Thursday, February 4th 2010 6:30 pm to 8 pm The Offices of Chadbourne and Parke, LLP 30 Rockefeller Plaza - 38th floor $10 Minimum Donation is suggested. 100% to All for Africa's Palm Out Poverty Initiative Light Refreshments will be served. SPEAKERS: Christopher Hartland �...

African IPO news alert: 07 January 2010

Thu, 7 Jan 2010 00:00:00

Uganda Uganda clears National Insurance Corp IPO for 2010 KAMPALA, Dec 30 (Reuters) - Uganda has cleared its biggest underwriter, National Insurance Corporation (NIC), to proceed with its initial public offering (IPO), a senior official at the capital markets regulator said on Wednesday. Japheth Kato, executive director of the Capital Markets Authority, the regulator, expressed satisfaction with NIC's prospectus. "They've met all the conditions and we've cleared them to go ahead with the...

African IPO news alert: 06 January 2010

Wed, 6 Jan 2010 00:00:00

Zimbabwe State mulls IPOs for three enterprises THE Government is targeting three initial public offers from its struggling State enterprises, Finance Tendai Biti has said. Speaking during the listing of TN Holdings Limited on the Zimbabwe Stock Exchange on Monday, Minister Biti said the private sector should at least target four IPOs during 2010. "We are looking at listing at least three entities this year, so you should be seeing the IPOs this year," he said. � Read full article here......

Zambeef plc investor relations website launch

Wed, 9 Dec 2009 00:00:00

Zambeef is pleased to announce the launch of its investor relations website on www.zambeefplc.com "As a high growth group focused on continued investment in Zambia we recognise our stakeholders' requirement for regular and timely information and our state-of-the-art communication tools on our new website's investor relations section will increasingly be used to provide this information", said MD Mr Carl Irwin. Zambeef Plc will be holding a live webcast of its conference call at...

Zimbabwe 2010 national budget presentation

Thu, 3 Dec 2009 00:00:00

Zimbabwe's Minister of Finance, Hon. T. Biti, presented the 2010 national budget which we make available for download from our websites. The budget is made available in both iPaper and PDF formats, and it can be downloaded through the following links: �� Zimbabwe 2010 National Budget: PDF format �� Zimbabwe 2010 National Budget: iPaper format Thank you, The AfricanShareholder team

African Stock Exchanges Association is a failure

Mon, 19 Oct 2009 00:00:00

Read ASEA's annual report for 2008 and a total of USD10,000 was received from its 20 member exchanges � a total of USD500 each. What is this if not an indication of the confidence that Africa's stock exchanges have in the association and the resources available to it? Yes, the member exchanges have utlilised their own resources to assist in managing ASEA, but I think that ASEA is just a white elephant. Here is why: A review of the stated objectives of ASEA versus outcomes shows that very...

TEAMS Fibreoptic Cable Ready for Commercial Service

Mon, 5 Oct 2009 00:00:00

The East African Marine Systems (TEAMS) undersea is now ready for commercial service. This announcement was made following a meeting of the UAE-Kenya Cable System Management Committee held today. The Management Committee or " MC" brings together TEAMS Limited and Etisalat, the UAE-based company that holds a 15% stake in the venture. "The MC accepted the recommendation from their sub-committees that after extensive testing, he UAE � Kenya cable is now ready for commercial service. All the TEAMS...

Warm Ghanaian Welcome for Online IR: Feedback from the presentation to Listed Companies in Accra

Mon, 5 Oct 2009 00:00:00

On 23 September 2009, I held a workshop on online IR management in Accra, Ghana. My co-presenters were Winston Nelson, the CEO of African Alliance Securities Ghana, a pan-African stockbroking firm, and Farayi Mangwende, the corporate communications manager for African Sun, one of our clients. At the moment, Ghana's online investor relations practices can be described as practically non-existent. This is not unusual. We have pointed out that it has only been in the last three to five...

Professor Mervyn King SC Initiates Zimbabwe Governance Initiative

Tue, 29 Sep 2009 00:00:00

The Corporate Governance Summit Zimbabwe began on Monday, 28 September 2009, at the Crowne Plaza Monomatapa and was well attended by all representative sectors of Zimbabwe's economy. Zimbabwe has started the process to create a new corporate governance code at what clearly seems to be an opportune time: The main motivator is that Zimbabwe needs capital - and corporate governance is a pre-requisite attracting funding. The speakers at the one-day summit were: Mr Canaan Dube,...

Lowering the Bar for Stock Listings

Mon, 28 Sep 2009 00:00:00

To boost revenue as trading volume slips, the NYSE is relaxing requirements By Mark Scott Investors are benefiting from the stock market rally, but the major U.S. exchanges still have little reason to celebrate. Trading volumes are way off their highs, and upstarts continue to steal market share. With revenues slipping, the bourses are scrambling to protect an old-fashioned business: listings and the fees companies pay the exchanges to trade their shares. The NYSE Euronext (NYX) has been...

Kenya: Will New Companies Bill Lead to a Shift in Retail Investor Protection?

Thu, 17 Sep 2009 00:00:00

The CEO breakfast on investor relations (IR) management, hosted by AIC on 15 September 2009, discussed some of the grey areas that still persist in Kenya's regulatory environment with regard to online IR management, and whether this indicates a shift in the approach towards investor protection. In a bullish market, one-on-one meetings between listed companies and their larger investors were well accepted by listed companies and created meaningful interaction. In the current bear market,...

Kenya: Investor Relations Management: Dealing with the Public

Thu, 17 Sep 2009 00:00:00

This section discusses how a still relatively inexperienced retail investor pubic often does not ask the right questions � and how listed companies' relations with the media have not always been easy. New Retail Investors Asking the Wrong Questions � and the Wrong People Investor relations as a specialised field is underdeveloped in East Africa partly because retail investment itself, whilst often enthusiastically embraced, is still a fairly recent phenomenon. In Kenya, large numbers of...

Kenya: Investor Relations Management: Perspectives

Thu, 17 Sep 2009 00:00:00

Investor relations practices in East Africa lag behind global standards, but awareness is gradually growing � and for many African companies, the internet provides a powerful tool to engage their investor community more directly. Perspectives: Growing Awareness? Structural issues have held back improvements in IR practices: The fact is that there is a very limited number of large investors in Kenya. They are institutions and a handful of emerging market investors - not more than 100...

Kenya: Investor Relations Management: Practices in East Africa

Thu, 17 Sep 2009 00:00:00

A government that turned to the stock exchange for privatisations, an automated trading platform that made trading much easier, widespread retail investor enthusiasm and international investor's interest in 'frontier markets' � companies listed on the NSE never had so much attention as in recent years. But do they know how to communicate with their existing and prospective investors? In this three-part series, we discuss the practices and challenges of investor relations management in Kenya and...

African capital markets weekly newsletter: 11 September 2009

Fri, 11 Sep 2009 00:00:00

Stock Exchange News Uganda Stock Market e-Trading to Boost Integration The commencement of electronic trading on the stock market in Uganda will boost regional integration, experts have said. More... Corporate News Botswana Imara takes Zimbabwe investor indaba to UK Pan-African financial services group Imara is taking the Zimbabwe investment case to London following the huge success of its Harare conference for international fund managers excited by growth opportunities following the...

African capital markets weekly newsletter: 4 September 2009

Fri, 4 Sep 2009 00:00:00

Stock Exchange News Botswana BSE to List Gold ETF by Year End Save for meeting certain regulatory requirements and securing a local partner, South Africa's Absa Capital says plans have reached an advanced stage to list and trade a gold Exchange Traded Fund (ETF) on the Botswana Stock Exchange (BSE) before December. More... Kenya NSE Asks Dar Capital Market to Let in Kenyans Kenya capital markets' players on Thursday asked Tanzania to open up its markets. They made the request to...

African IPO news alert: 14 July 2009

Tue, 14 Jul 2009 00:00:00

Nigeria Rebranded Virgin Nigeria to be listed on Nigerian Stock Exchange Virgin Nigeria, currently undergoing de-branding, will be listed on the Nigerian Stock Exchange (NSE) after successfully de-branding and re-branding, Dapo Olumide, chief executive officer of the airline has said. Olumide said the airline would have since July 2008 been listed but the wave of financial crisis that swept through the globe and still persists in many parts of the world was the barrier. More... An...

African IPO news alert: 08 July 2009

Wed, 8 Jul 2009 00:00:00

Egypt Egypt aims for IPO in life unit of MI Chairman of Insurance Holding Company Mahmoud Abdallah said Monday that Egyptian state-owned Misr Insurance (MI) may launch an initial public offering of its life unit by July 2010, if conditions permit, but the state would keep a majority interest. More... An 'African Is Cool' Initiative Disclaimer This Initial Public Offer (IPO) alert has been prepared by Africanshareholder.com for dissemination to investor pass registered clients, and is...

ZSE reaches US$4billion

Fri, 3 Jul 2009 00:00:00

The Zimbabwe Stock Exchange (ZSE) has capitalized to nearly US$4 billion since trading resumed on February 19. The telecommunications giant, Econet, recently took pole position as the most capitalized counter from beverages manufacturer, Delta. The bourse has capitalized to US$3,988 billion. Econet Wireless Holdings Limited is now worth over half a billion � or 13 per cent of the entire bourse. Analysts said the stock market was still the investment choice for people interested in long-term...

Kenya bourse delays regional trading integration

Thu, 2 Jul 2009 00:00:00

Kenya's Nairobi Stock Exchange has postponed a plan for a common trading platform with Uganda and Tanzania because of the economic slowdown, its chief executive said on Wednesday. The $100 million project would enable trade across all three exchanges in line with regional integration moves. Like other stock markets across the world, Nairobi Stock Exchange has racked up losses in the wake of the global financial meltdown. Its main index, the NSE-20, is down 9 percent this year. It sank lower...

TAKE2: Laminating the King report on corporate governance

Thu, 2 Jul 2009 00:00:00

For a long time I had the last King report of corporate governance on my desk. I never opened it, but I guess it was the King II report. It looked really important and could be seen as required reading for anyone interested in the body economic, such as I am. I used to look at it and tell myself that it would be a good thing to read it. But I did not read it, nor did I even come up with a strategy for how I could approach the reading of such a tome. I could, for instance, take a day's leave,...

Ghana Stock Exchange to reinforce investor confidence

Tue, 30 Jun 2009 00:00:00

The Ghana Stock Exchange aims at upholding the highest standards of market integrity, professionalism and best practices in the conduct of business, in order to reinforce investor confidence. Mr Frank Adu Jnr, Chairman of the Council of the Exchange told the annual general meeting of members that the Exchange will also facilitate primary market activities by encouraging more listings to deepen the market and improve liquidity. There are plans to intensify public education, especially on...

High hopes for a new Zimbabwe value fund

Tue, 30 Jun 2009 00:00:00

If risk and return are truly correlated, investors in a new Zimbabwe-focused private equity fund could be handsomely rewarded. But at least Botswana-listed Imara Asset Management is endeavouring to raise money for its Zimbabwe Value fund amid tentative signs of hope for the country's ravaged economy; inflation, which peaked at several billion per cent, has turned negative after Harare scrapped its worthless banknotes and dollarised the economy with US currency. "We have seen a vast...

Imara stages Zimbabwe's first in-country investment conference

Thu, 25 Jun 2009 00:00:00

Pan-African financial services group Imara today (Thursday, 25 June) announced 'strong' interest in Zimbabwe's first in-country international investment conference since the formation of the inclusive government. It is to be staged in Harare on June 29-30. Imara said 40 international fund managers and analysts had confirmed their attendance at the unprecedented event at Meikles Hotel, Harare, while senior executives from 14 of Zimbabwe's largest listed companies would make presentations. The...

Zim investor conference set for this week

Tue, 23 Jun 2009 00:00:00

ASSET managers are being invited this week to reinvest in Zimbabwe, in the first investor conference since the country's stock market closed last autumn. There is growing is evidence Zimbabwe's economy is recovering under the inclusive Government, according to Imara Asset Management, the firm organising this week's investor conference. Grant Flanagan, chief investment officer for Zimbabwe at Imara, said: "There are goods on the shelves again for the first time in years, and production has...

Zimbabwe saying 'cheers' to dollarisation - Imara

Tue, 23 Jun 2009 00:00:00

Zimbabweans appear to be saying 'cheers' to dollarisation, according to Imara, the Pan-African financial services group and an investment fund manager with equity positions in some of Zimbabwe's largest listed companies. John Legat, Harare-based Chief Executive Officer of Imara Asset Management, comments: "We have never experienced a country that has officially dollarised before, but it has been extraordinary how quickly consumption has started to increase and with it volumes and capacity...

African IPO news alert: 18 June 2009

Thu, 18 Jun 2009 00:00:00

Tanzania Shares in Tanzania's CRDB Bank up 33 pct on listing Shares of Tanzania's CRDB Bank rose 33 percent on listing on the Dar es Salaam Stock Exchange on Wednesday, after an initial public offering involving the sale of 18.8 billion shillings ($14.4 million) worth of stock. More... An 'African Is Cool' Initiative Disclaimer This Initial Public Offer (IPO) alert has been prepared by Africanshareholder.com for dissemination to investor pass registered clients, and is for general...

African IPO news alert: 15 June 2009

Mon, 15 Jun 2009 00:00:00

Egypt Bank of Alexandria IPO reflects "positive vibes in the market", says bank Bank of Alexandria, a unit of Italy's Intesa Sanpaolo SpA, is negotiating with the Egyptian government to sell either 15% or its full 20% ownership stake in an initial public offering (IPO) More... Mauritius Mauritius Telecom profit down 5%, listing still on Mauritius Telecom said 2008 post-tax profit fall 5 percent to 1.9 billion rupees on increased interest payments. Mauritius Telecom, which dominates the...

Shingi Munyeza launches his blog

Thu, 11 Jun 2009 00:00:00

The African Sun Limited Group Chief Executive, Shingi Munyeza, is pleased to announce the launch of his blog. The African Sun Group Chief Executive's blog seeks to connect the investment community with Shingi Munyeza as he provides periodic commentary and news on various subjects relevant to African Sun Limited and the sub-Saharan Africa tourism environment. African Sun Limited encourages you to register for e-mail alerts on AfricanSuninvestor to receive e-mail notifications each time...

African IPO news alert: 8 June 2009

Mon, 8 Jun 2009 00:00:00

Tanzania CRDB IPO oversubscribed by over 30bn/- CRDB Bank (Tanzania) Limited recent public offer (PO) has received more than 100 per cent oversubscription, the bank announced in a statement yesterday. The bank described the public sale of its 125,429,692 shares, worth 18,814,453,800/- that were going at 150/- each and closed on May 8, as a "great success." It said that oversubscribed amount totalling over 31.9bn/- would be refunded to investors before the firm is listed on the Dar es...

African capital markets weekly newsletter: 29 May 2009

Fri, 29 May 2009 00:00:00

IPO News Nigeria How Transcorp spent N22bn IPO proceeds, crippled NITEL/Mtel Fresh revelations have emerged over how the management of Transnational Corporation (Transcorp) plc allegedly abused its offices, squandering proceeds of Transcorp's Initial Public Offer (IPO) and subsequently ruined NITEL and its mobile telephony arm, Mtel. More... Stock Exchange News Rwanda Kigali seeks NSE help to prepare 'foolproof' rules Rwanda's emerging bourse is to study East African stockmarkets,...

African capital markets weekly newsletter: 22 May 2009

Fri, 22 May 2009 00:00:00

Corporate Announcements Malawi NITL Malawi 2009 interim results released We are pleased to release our interim financial results for the half year ended 31 March 2009. The results can be accessed by visiting our website, www.nitlmalawi.com, or following the link below: More.. Corporate News Zambia Joint Media Statement: CEC and TATA partner for Kabompo Gorge Hydro Electric Project Copperbelt Energy Corporation PLC (CEC) and Tata Africa Holdings (PTY) have been awarded the concession...

African capital markets weekly newsletter: 15 May 2009

Fri, 15 May 2009 00:00:00

IPO News Rwanda CMAC optimistic about an IPO this year THE Capital Markets Advisory Council (CMAC) is expecting an Initial Public Offering (IPO) this year, after engaging some potential companies which may list their shares on the Rwandan bourse. More... Tanzania CRDB Bank public offer receives good response With just a day to go, public response for the public offer for subscription of CRDB Bank shares has been outstanding, as sources say that there is a likelihood of oversubscription....

African IPO news alert: 11 May 2009

Mon, 11 May 2009 00:00:00

Tanzania CRDB Bank public offer receives good response With just a day to go, public response for the public offer for subscription of CRDB Bank shares has been outstanding, as sources say that there is a likelihood of oversubscription. Several agents said many people have showed significant appetite to invest in the country's leading commercial bank which has floated 125m shares to the public. More... Rwanda CMAC optimistic about an IPO this year THE Capital Markets Advisory Council...

African capital markets weekly newsletter: 08 May 2009

Fri, 8 May 2009 00:00:00

Stock Exchange News Nigeria Securities and Exchange Commission reverses NSE's suspension of Arian Capital and others The Securities and Exchange Commission directed the Nigerian Stock Exchange (NSE) to lift the suspension order on the 3 stock broking firms imposed week ended Friday 24 April 2009 by the management of the Exchange. A source close to the commission said the decision was taken by the apex regulatory body of the Nigerian capital market having been satisfied that the NSE's action...

African capital markets weekly newsletter: 30 April 2009

Thu, 30 Apr 2009 00:00:00

IPO News Tanzania 125m shares for sale as CRDB investor offloads 5pc stake It is all systems go for the CRDB Bank Ltd's initial public offering where its major investor � Danida Investment Fund, with 27.6 per cent stake � will offload part of its shareholding. According to the IPO prospectus, there are 125,429,692 shares on offer at $0.015 per share. Trading of the shares at the Dar es Salaam is slated for June 17. More... Stock Exchange News Kenya Equity Bank's dispute with CDSC...

African IPO news alert: 28 April 2009

Tue, 28 Apr 2009 00:00:00

Tanzania 125m shares for sale as CRDB investor offloads 5pc stake It is all systems go for the CRDB Bank Ltd's initial public offering where its major investor � Danida Investment Fund, with 27.6 per cent stake � will offload part of its shareholding. According to the IPO prospectus, there are 125,429,692 shares on offer at $0.015 per share. Trading of the shares at the Dar es Salaam is slated for June 17. More... An 'African Is Cool' initiative� Disclaimer This Initial Public Offer...

African IPO news alert: 24 April 2009

Fri, 24 Apr 2009 00:00:00

Uganda Government seeks IPO of 40% stake in Kinyara The Ugandan government is planning to sell its 40% stake in the country's second largest sugar producer, Kinyara Sugar Works, according to Dow Jones. More... An 'African Is Cool' initiative� Disclaimer This Initial Public Offer (IPO) alert has been prepared by Africanshareholder.com for dissemination to investor pass registered clients, and is for general information purposes only. The alert and its content do not constitute an offer to,...

African capital markets weekly newsletter: 24 April 2009

Fri, 24 Apr 2009 00:00:00

IPO News Tanzania Tanzania bank IPO to raise 18.8 bln shillings Tanzania's CRDB Bank started selling 125.4 million shares on Monday to raise 18.8 billion shillings ($14.1 million) in an initial public offering (IPO) ahead of a June bourse listing. More... Uganda Government seeks IPO of 40% stake in Kinyara The Ugandan government is planning to sell its 40% stake in the country's second largest sugar producer, Kinyara Sugar Works, according to Dow Jones. More... Stock Exchange...

African IPO news alert: 21 April 2009

Tue, 21 Apr 2009 00:00:00

Tanzania Tanzania bank IPO to raise 18.8 bln shillings Tanzania's CRDB Bank started selling 125.4 million shares on Monday to raise 18.8 billion shillings ($14.1 million) in an initial public offering (IPO) ahead of a June bourse listing. More... An 'African Is Cool' initiative... Disclaimer This Initial Public Offer (IPO) alert has been prepared by Africanshareholder.com for dissemination to investor pass registered clients, and is for general information purposes only. The alert and its...

African capital markets weekly newsletter: 17 April 2009

Fri, 17 Apr 2009 00:00:00

IPO News Kenya FACTBOX-Kenya's privatisation plans Kenya signed agreements with advisers for the privatisation of its stakes in Kenya Wine Agencies and National Bank (NBK1.NR: Quote) on Thursday. [ID:nL9956149] The east African economy said in December it plans to privatise 16 state-owned firms through strategic partnerships or share issues, after shelving plans to plug a budget shortfall with a bond issue. Following are details of the firms to be privatised: More... Stock Exchange...

African IPO news alert: 14 April 2009

Tue, 14 Apr 2009 00:00:00

Kenya FACTBOX-Kenya's privatisation plans Kenya signed agreements with advisers for the privatisation of its stakes in Kenya Wine Agencies and National Bank (NBK1.NR: Quote) on Thursday. [ID:nL9956149] The east African economy said in December it plans to privatise 16 state-owned firms through strategic partnerships or share issues, after shelving plans to plug a budget shortfall with a bond issue. Following are details of the firms to be privatised: More... An 'African Is Cool'...

African capital markets weekly newsletter: 9 April 2009

Thu, 9 Apr 2009 00:00:00

Stock Exchange News Malawi MSE First quarter market report: January-March 2009 Market performance report for 1 January to 31 March 2009. More... Nigeria FG set to introduce new code of corporate governance The Federal Government is set to come out with a new code of corporate governance combining both self regulation and regulatory enforcement among public companies in Nigeria, putting the country in a better stead to take advantage of opportunities in the current global financial...

Zimbabwe Legislation update covering the month of March 2009

Wed, 8 Apr 2009 00:00:00

1. Government Gazette Extra-Ordinary of 3 March 2009 In this government gazette the Broadcasting (Listener's Licenses) (Fees) Notice was published in SI 19/09. The Notice changes the fees from Zimbabwe dollar to foreign currency and increases them drastically as follows: US$20 for a home radio license US$50 for a home radio and TV license US$50 for a business radio license US$100 for a business TV license US$30, US$80, US$100 for a private vehicle radio license; an...

African capital markets weekly newsletter: 3 April 2009

Fri, 3 Apr 2009 00:00:00

IPO News Uganda Uganda to sell off stakes in four firms: government Uganda will sell shares in four previously state-owned companies in its hotel, sugar, insurance and telecoms sectors over the next four years, the government said on Wednesday. More... Stock Exchange News Ghana Ghana Stock Exchange begins electronic trading The Ghana Stock Exchange would today Friday March 27, 2009, start automated trading after the successful completion of its electronic system. A fire outbreak in...