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By Eric Osiakwan The much-anticipated Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering (IPO), which values the business at $40B to $50B, will now be a cross-border listing on multiple African stock markets this year, making it not only the biggest IPO on the continent but the first on multiple African exchanges. This was […]
...By Merlin Rajah, Head of Equities Electronic Product at Absa CIB. South Africa’s equity market has long supported a high standard of trading activity, with infrastructure that global participants recognise and trust. That has made it easier for different types of capital to enter over time, and the mix of participants now reflects that. Global […]
...By Sam Dahya, Head of Investor Services, Custody and Investment Administration, Standard Bank CIB The global move from a fluid trade settlement timeline (Time trade execution to settlement T+3) to a tighter timeline (T+1), is reshaping how markets think about post-trade risk, capital efficiency and competitiveness. A growing share of global activity is now operating […]
...By Eric Osiakwan The initial round of 1st quarter bourse reports is out, and the Ghana Stock Exchange (GSE) is officially Africa’s best-performing securities market. The GSE rally topped 43% as Tanzania, Nigeria and Zimbabwe gained more than 30% – all in dollar terms. The value of the dollar is weakening while African currencies are […]
...By Kumeshen Naidoo, Head of Debt Capital Markets, and Narisa Balgobind, Head of Debt (AR), at Absa Kenyan beverages giant East African Breweries recently refinanced an existing KES 11 billion corporate bond through a medium-term note priced at 11.8%, marking the first issuance under its newly approved KES 20 billion programme. The timing mattered. Kenya’s […]
...Sello Moloko, Absa Group Chairman Leaders of business, government, civil society and others are debating the challenges facing the global economy – notably the rising cost of living and possible global recession – at the 2023 World Economic Forum (WEF) annual meeting in Davos this month. It is important that African countries make their voices […]
...Zimbabwe – Beyond the Headlines? That is the theme of 5th edition of the series of business dialogues focused on creating conversations around financial markets and the emergence of financial markets under Zimbabwe’s new political dispensation. Teresa Clarke, CEO of Africa.com and Ray Chipendo, Business Development Executive, Financial Markets Indaba joins CNBC Africa. Multilateral financial institutions have […]
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