MTN Group Ltd.’s Nigerian unit soared another 10% on its second day of trading in Lagos as investors rushed to grab a slice of the country’s only listed mobile-phone company.
MTN Nigeria announced plans to float its stock in Lagos on Thursday in a deal valued at $6 billion, following the South African telecoms group’s agreement with Nigerian regulators to settle a long-running dispute.
Bharti Airtel Ltd., India’s second-biggest wireless carrier, is preparing to kick off the initial public offering of its Africa unit in a deal that could raise about $1 billion, people familiar with the matter said.
Although some stock market watchers had, earlier this year expressed optimism that the market will rebound following the payments of dividends to shareholders in the second quarter of the year, the opposite is happening instead.
Ride-hailing firm Uber will list on the New York Stock Exchange, according to reports, in one of the most anticipated stock debuts of the year.
E-commerce firm Jumia has filed for an Initial Public Offering on the New York Stock Exchange (NYSE), which will make it the first African technology company to list on the exchange.
The Ghana Commodity Exchange (GCX) and Barclays Ghana, have signed a Memorandum of Understanding (MoU) to cooperate with one another in building a framework for the settlement of trades as well as the provision of financial services to exchange actors.
The Ghana Stock Exchange (GSE) for the first two months of this year has continued to record the same bearish performance that it suffered from for much of 2018.
Shares in Africa’s biggest pay-TV group MultiChoice leapt around 15 percent on its market debut on Wednesday, launching the company straight into the top-40 firms on Johannesburg’s bourse.
The London Stock Exchange (LSE) has agreed to cooperate with Ghana to build partnerships, deepen and tighten harmonisation.
A total of GH¢2 billion was raised on the Ghana Stock Exchange (GSE) in 2018. This is as against the 2017 financial year when no capital was raised on the local bourse.
The Ghana Stock Exchange (GSE) has called for a formalised forex trading platform that will see the local currency bought and sold in a much more transparent manner.
The Ghana Stock Exchange (GSE) says it will be making a formal request to Vodafone Ghana to list on the local bourse.
MultiChoice Group is set to list on the Johanesburg Stock Exchange (JSE).
The Ghana Stock Exchange (GSE) has delisted Pioneer Kitchenware Ltd (PKL) from the main equity market of the Exchange effective January 14, 2019.
Two companies suspended from trading of the shares last year due to violations of listing obligations to the Ghana Stock Exchange (GSE), have been able to escape delisting.
AngloGold Ashanti Ltd. is considering listing its shares in either London or Toronto in a move that could see the company hive off its remaining South African operations, according to people familiar with the situation.
The bullish performance of the Accra Bourse in 2017 led most analysts to predict a continuation of the trend on the back of favorable economic indicators expected in the year 2018.
The Ghana Stock Exchange (GSE) will introduce an electronic platform in 2019 where investors can use mobile money to buy shares and trade on the secondary market.
Managing Director of the Ghana Stock Exchange (GSE) Kofi Yamoah says he doubts report that Agricultural Development Bank (ADB) is working to delist from the market.
Agricultural Development Bank (ADB) is working to delist the bank from the Ghana Stock Exchange, according to persons close to shareholders of the Bank.
The Ghana Stock Exchange (GSE) has failed a historic test of raising a combined amount of GH¢4.7 billion in six months, due to low investor interest in the bourse occasioned by the closure of seven banks.
It’s been a rough year for South African stocks, but signals are emerging that they are set for a rebound in 2019.
Ghana stocks are tipped to gain next year after a disappointing 2018, as a banking industry clean-up bears fruit and economic growth picks up speed in the world’s second-biggest cocoa producer.
UMB Investment Holdings Limited and UMB Stockbrokers Limited have partnered with the Young Investor Network to launch the UMB Investment Holdings Young Investor Challenge.
Airtel Africa, a unit of Indian telecom operator Bharti Airtel Ltd, said it had appointed eight banks for an intended initial public offering (IPO) on an international stock exchange.
Ghana will seek to raise as much as $750 million through a sale of shares in a fund that will hold the West African nation’s stakes in mining companies and receive mineral royalties, said Finance Minister Ken Ofori-Atta.
Barely a week ago, Ghana recorded the first ever electronic trading of a commodity. The Ghana Commodity Exchange (GCX), a national multi-commodity exchange commenced trading in spot contracts for maize - a move that would help farmers get the true value of their goods.
SoftBank is getting ready for a blockbuster IPO. The Japanese company said Monday it plans to sell 2.4 trillion yen ($21 billion) worth of stock in its mobile telecoms unit. That would make it the world's biggest IPO since Alibaba (BABA) went public in New York in 2014.
Ghana commodity exchange is expected to create about 200,000 jobs for farmers and traders in the value chain, Finance Minister Ken Ofori-Atta has said.
Energy Commercial Bank Limited has extended its Initial Public Offer (IPO) that was expected to end on Friday 2nd November 2018 to 16th November 2018.
The Ghana Commodity Exchange is now expected to go fully operational from November this year.
Airtel Africa Ltd, a subsidiary of India’s Bharti Airtel Ltd, said on Wednesday it raised $1.25 billion from six global investors including SoftBank Group Corp, Warburg Pincus LLC and Temasek Holdings (Private) Ltd.
The 2018 edition of the Capital Market Week celebrations will focus on intensive public awareness on activities of the capital market, organisers have said.
GN Insurance Holding Company has hinted it will be listing on the Ghana Stock Exchange (GSE) to offer an opportunity for Ghanaian investors to own part of the company.
Togolese lender Oragroup SA is planning to raise 56.9 billion CFA francs ($100 million) in the biggest initial public offering for West Africa’s regional exchange.
The Ghana Commodity Exchange (GCX) has registered various market actors as members including Ghanaian farmers in an effort to forge a long-term partnership with smallholder farmers.
The Ghana Commodity Exchange (GCX) and the IFC have jointly trained farmer cooperatives and other market actors, in various districts in the country.
Ghana, a country on the West Coast of Africa, is one of the fastest growing economies on the continent. The country’s economy is dominated by agriculture with 55 per cent or more of the population employed as smallholder farmers with, in turn, a significant share of their produce going to waste because of post-harvest losses.
The Bank of Ghana is revising its policies and guidelines that will make it easier for all banks to list on the Ghana Stock Exchange.
Energy Commercial Bank has launched its Initial Public Offer to raise GH₵340 million in shares from the Ghanaian investing public.
In response to a range of corporate scandals, speculation and innuendo that have characterised South African financial markets over the past year, the Johannesburg Stock Exchange (JSE) is embarking on a public consultation process.
Equity market indices posted mixed performances, with the index for the financial sector weighed on by speculative actions, profit talking and heightened uncertainties ahead of the deadline for the new minimum capital requirements for banks.
Energy Commercial Bank has received approval from the Securities and Exchange Commission (SEC) to raise GH¢340 million in shares from the Ghanaian investing public.
Naspers today announced its intention to list its Video Entertainment business separately on the Johannesburg Stock Exchange and simultaneously to unbundle the shares in this business to its shareholders.
The Ghana Stock Exchange (GSE) last week had Ghana’s telecommunication giant – MTN Ghana Ltd, listed after successfully attaining the minimum requirement for enlistment.
World shares were flirting with their longest run of declines since early 2016 on Monday, hit by rising anxiety about the U.S.-China trade war and another interest rate increase by the Federal Reserve later this month.
When MTN started trading shares on the Ghana Stock Exchange (GSE) Wednesday, it didn’t expect its market value to swell to a four percent increase in equity.
Official figures from MTN’s Initial Public Offer (IPO) indicates that about GH₵444m out of the GH₵1.14 billion raised came from Ghanaians, representing about 38.69%.
Shares in MTN Group plunged as much as 19 percent on Thursday, a day after Nigeria ordered the South African telecoms group and its bankers to return $8.1 billion.
The Ghana Stock Exchange (GSE) has suspended the listing status of Pioneer Kitchenware Ltd (PKL) with immediate effect.