Tanzania’s Bank M to List On Dar Exchange, expand into Kenya
BANK M Tanzania has started procedures to issue an Initial Public Offer (IPO) at the Dar es Salaam Stock Exchange (DSE) in a bid to raise additional capital of 50Billion to [...]
Largest Sovereign Wealth Fund’s Investment Journey in Kenya
What is a Sovereign Wealth Fund? A Sovereign Wealth Fund (SWF) is a state-owned investment fund or entity that is commonly established from balance of payments surpluses, official foreign currency [...]Sudan Gov't Launches Online Stock Market With US $34.8M Funding from AFDB
The Sudanese Government has announced the launch of an online stock market in the country’s capital, Khartoum – a landmark development in the Sudan’s financial history. This was launched last week [...]Africa's Youngest Billionaire says he is interested in Barclays Bank Kenya Tanzania
The 40 year old Tanzanian tycoon Mr Mohammed Dewji has announced in an interview on March 24 in the American news channel CNN,that he is interested in the resumption of [...]London Stock Exchange forms an Advisory Group to cater for the African Markets
The London Stock Exchange, the company that manages the UK financial market based in London, announced the establishment of an African Advisory Group, whose mission is to reflect on ways [...]NSE Kenya To Link Trade To Africa’s Top Exchanges
Investors at the Nairobi Securities Exchanges will in the coming years begin to trade in securities in other three top exchanges in Africa without opening an additional trading account under a plan [...]Mpesa stumbles in South Africa, Vodacom considers shutting it down
Vodacom is considering various options for its sluggish cellphone money transfer service M-Pesa.According to Fin24, Vodacom is exploring options for its M-Pesa business that range from enabling employees to generate [...]Uganda's Central Bank Sells 58.6% of Imperial Bank To Exim Bank for KES 691 Million
Uganda's Commercial Banks regulator, Bank of Uganda (BOU) has sold all the 58.6% shares of Imperial Bank Uganda Limited to Tanzania's Exim Bank (Uganda) Limited for Ksh 691 Million (US$6.788 million) in [...]Barclays National Bank Commerce of Tanzania to combine operations
Barclays Africa Group is discussing with Bank of Tanzania in a move to combine operations of its unit in Tanzania and National Bank Commerce (NBC). The two banks have been operating [...]What the Barclays exit of Africa really means
Last week, Financial Times confirmed speculation that Barclays will exit the African market. Barclays Plc owns 62% of Barclays Africa Group Limited following a 2005 merger with South Africa’s ABSA. [...]Uber gets another Ksh 20 Billion for Kenya other emerging markets push
Global ridesharing service Uber said today it had raised USD 200 million in additional funding to help its push into emerging markets. The latest round comes from Luxembourg-based investment group [...]Kenya Rwanda Exchanges Sign MOU to Integrate Trading of Securities
Rwanda Nairobi Stock Exchanges sign deal Rwanda Stock Exchange and Nairobi Securities Exchange on Friday signed a memorandum of understanding to enhance trading of securities between the two exchanges. According [...]
