The African Development Bank (AfDB) Group last Friday signed a $400,000 grant agreement with the Securities and Exchange Commission (SEC) of Nigeria to strengthen securities markets regulation and broaden market instruments. The funds will go towards strengthening risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green finance. The grant will […]
Tag: Stock Markets
Since trading online has been making its biggest impacts on the rapidly growing fields, the number of trading platforms has also reached an enormous number throughout the globe, including South Africa.We are aware of how complicated it can be to find the one for your criteria, however, Binomo investment and trade platform has gained a […]
FOREIGN investors were net sellers during the week that ended on 26th February 2021 as a load was traded on the TBL counter. TBL saw zero transactions for the better part of the week, until Friday when a prearranged block of 491,409 shares was traded at a price of 5,000/- per share. The block was […]
The market’s cumulative loss for February stood at N1.363 trillion. Nigerian stocks tumbled 0.74 per cent on Friday as Wema Bank’s 2020 financials release failed to wow investors, and profit-taking deepened across the market as Zenith Bank and wireless operator MTNN saw huge sell-offs in their shares. The market lost N155 billion, bringing the cumulative […]
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Zimbabwe: Seedco Exits ZSE
Listed seed manufacturing giant, SeedCo International Limited (SCIT) has finally acquired 78% stake in its local unit SeedCo Limited (SCL) enabling the company to implement its exit from the Zimbabwe Stock Exchange (ZSE). Recently, SCIL said the rationale for the offer was premised on a strategic response to the changes in the status of its […]
The Nigerian Stock Exchange (NSE) last Friday admitted Briclinks Africa Plc to its Growth Board with the listing by introduction of 10 million ordinary shares of N1.00 each at N6.26 per share. The listing was commemorated with a digital closing gong ceremony where the Chief Executive Officer, Briclinks Africa Plc, Mr. Mohammed Buhari, had the […]
What: Consultative Meeting with Nigerian Stakeholders on African Development Bank Group’s 2021-2025 Private Sector Development Strategy Who: African Development Bank Group When: 2-3 February 2021; 09:00-12:00 and 14:00-17:00 (UTC+1). Where: Virtual (Zoom) The African Development Bank Group will hold a two-day virtual consultation with Nigerian stakeholders to discuss its proposed 2021-2025 Private Sector Development Strategy […]
Experts in the agriculture and food value chains say more support is needed for local food markets during the pandemic period to ensure food security. This comes amid the crucial role they play as centres of knowledge integration between farmers, traders and the general consumers. Policy support has generally been skewed towards processing companies and […]
Egyptian Financial Group Hermes Holding, EFG Hermes, has been ranked first on the Nairobi Securities Exchange and second by value traded on the Nigerian Stock Exchange, highlighting the significant strides made in both Sub-Saharan Africa’s western and eastern financial hubs. The Firm also ramped up execution capabilities across Sub-Saharan Africa, with shares worth $717.4 million […]
ZIMBABWE Stock Exchange listed property concern, First Mutual Properties (FMP) has set aside $7.3 million quarterly dividend pay-out indicating the company’s bullish performance despite the obtaining economic challenges. Several local companies are in dire straits owing to the difficult economic operating environment which has been further weakened by the impact deadly Covid-19. But this week, […]
IN the coming week, we still prospect that the market will remain vibrant going forward specifically on the banking sector and Cement sector as we have seen the previous week’s top counters coming from those sectors. The market will remain active during the week and mainly from the top local active counters. JATU Plc share […]
The Covid-19 battering of Nairobi bourse-listed firm’s share prices has presented an attractive opportunity for investors with a long-term view to accumulate stocks and hope for a sustained recovery as companies start turning the corner on the pandemic. Analysts are now projecting continued interest in most of the stocks especially in telecommunication and banking sectors […]
LISTED seed manufacturing giant, SeedCo International Limited has offered to buy its own shares from current holders in the Zimbabwe Stock Exchange (ZSE) listed company. The decision is in line with its long term strategy of transforming into a continental brand among other reasons. SCIL’s secondary listing in SeedCo Limited (SCL) on the ZSE was […]
Seychelles’ government is looking to raise $212 million (SCR4.5 billion) through the issuing of treasury bills and treasury bonds, as the country finds itself in a dire financial state due to COVID-19 and the downturn in travel, the finance minister said. “We are in a very critical situation when it comes to the government’s finances. […]
The JSE was a difficult place to be for investors in 2020, with the All Share Index returning less than 1% over the year. That is, unless you were invested in resources or a handful of small-cap shares that managed to outperform. Of these, one that stands out is AYO Technology Solutions, whose shareholders must […]
IN the coming week, like previous week there could be an increase in market activities as we have witnessed increased in market activities during the start of the year 2021, we still prospect that the market will remain vibrant going forward, thanks to prospects from the banking sector performance for the year ended 2020 and […]
THE recent restructuring of the Agricultural Marketing Authority (AMA) is expected to enhance its primary mandate of regulating production, processing and marketing of various agricultural products in Zimbabwe, its chairman Mr Allan Majuru said yesterday. For long, farmers have been calling for overhauling of AMA to ensure better service delivery. Some stakeholders where viewing AMA […]
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South Africa: Stocks to Watch in 2021
Investors had high hopes for the JSE in 2020. After a lacklustre five years, ending December 2019, when the JSE managed subpar returns of 6% and barely beat inflation, it was hoped that 2020 would be the year of recovery. Instead, it’s been a year of wild rides beginning in March, when bourses around the […]