Jumia emerges first African firm to list shares on NYSE

Posted by - April 16, 2019

Jumia Technologies AG (“Jumia”) the leading Pan-African e-commerce platform, has been listed on the New York Stock Exchange. The listing on the NYSE happened in New York, USA, with shares beginning trading at $14.50 under ticker symbol JMIA. By the listing, Jumia became the first startup from Africa to list on a major global exchange.

Access Bank Lists Additional 6.6bn Shares On NSE

Posted by - April 3, 2019

The Nigerian Stock Exchange (NSE) has approved Access Bank Plc‘s listing of additional 6.6 billion units of ordinary shares of 50 Kobo each, which arose from the scheme of merger with Diamond Bank Plc. Consequent to the approval, the resultant scheme shares of 6.6 billion ordinary shares of 50 Kobo each, were listed by Access

M&R shares increases on news of U.S TNT acquisition

Posted by - March 26, 2019

Murray & Roberts (M&R), which is facing an aggressive takeover bid by German company Aton, recently revealed that it had acquired US-based Terra Nova Technologies (TNT) for R552million. M&R’s share price rose sharply after the deal was announced and was trading 3.7 percent higher at R13.32 on the JSE by 2.10pm yesterday before closing at

Danish fund obtains Sh1.2 billion shares in Sidian Bank

Posted by - March 8, 2019

Sidian Bank has signed a Sh1.2 billion capital injection with Investment Fund for Developing Countries (IFU), a Danish private equity, in a deal that will see it progressively cede a 20 percent stake to the lender. The cash investment is expected to firm up Sidian’s regulatory capital ratios and support lending to SMEs. The Danish

MTN sells shares in Botswana unit for $300m

Posted by - March 8, 2019

MTN Group Ltd. announced the disposal of its share in a Botswana joint venture as Africa’s biggest wireless carrier by revenue kicks off a drive to raise at least 15 billion rand ($1.1 billion) from asset sales and strengthen the balance sheet.   The company agreed to sell its 53 percent stake in Botswana’s Mascom to

Eaton Acquisitions increases shares in NEM Insurance to 9%

Posted by - August 30, 2018

Nigeria’s investment company, Eaton Acquisitions Limited, has enlarged its shares in NEM Insurance to 9%, almost immediately after it announced the acquisition of 4% of the insurance company. While the initial 130 million shares sold at ₦4 each, representing a premium of 40.35% against the closing share price of ₦2.85, the new shares were acquired