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.
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
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
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 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
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
