Dual Listings On African And International Exchanges Create Distributed Wealth

By Eric Osiakwan Africa’s richest man Aliko Dangote is planning a London listing of his cement business this year, after announcing a multi-exchange African listing of his refinery. Dangote Cement which is already listed on the Nigerian Exchange (NGX) with a market capitalisation of almost $13bn, would seek a secondary listing on the London Stock […]

...

Africa’s Capital Markets Are Moving Again. Here’s How.

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 […]

...