Cellcom Telecommunication Incorporated, the privately-owned American cell phone and Internet Company in Liberia is offering opportunities to Liberians, other residents and business houses to participate in profit-sharing rights of the company. This is the first time a profitable and privately-owned company is offering shares to the Liberian public.
The highly anticipated pan-African commodity and derivatives exchange, Bourse Africa, is now expected to be fully operational in the first quarter of 2010 after some delays due to regulatory issues.
The Director General of the Nigerian Stock Exchange (NSE), Professor Ndi Okereke-Onyiuke, has said that the Central Securities and Clearing System (CSCS), has seized to be a wholly owned subsidiary of the NSE.
Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has said the apex bank aims to keep the naira exchange rate at "around N150" per dollar and avoid fluctuations of more than 3 per cent.
The ongoing crisis in the banking industry has been identified to affecting the continuing dwindling confidence by investors in the Nigerian capital market.
Eastern and Southern African Trade and Development Bank (PTA Bank) has issued a $21.3 million (Ush40 billion) corporate bond to be listed on the Uganda Stock Exchange (USE).
TALKING to many business owners today, the major impediment in their way is the lack of working capital and long term loans to re-structure their balance sheets after a decade of negative physical capital formation. That granted, they see a bright future where productive capacity utilisation levels will increase. Notwithstanding the current predictability of the broad pricing mechanism, many fail ...
CLOTHING retailer Truworths yesterday reported a 10% increase in sales in the first 18 weeks of its 2010 financial year to this month, but warned trading conditions remained tough and many consumers were still under pressure despite declining interest rates.
Oando Plc., a Nigerian oil company, has applied to be lisited on the London Stock Exchange. It will be following the earlier move by Guaranty Trust Bank Plc., which was listed two years ago.
THE PTA Bank has listed a 7-year corporate bond on the fixed income securities market segment of the bourse.
Engen Botswana volumes have increased despite the upturn in international oil prices, which has seen local fuel pump prices going up. The company published first half-year results to September 2009, reporting a 17.3 percent increase in Earnings Per Share to P0.26.
The crash witnessed in the shares of companies listed on the Nigerian Stock Exchange (NSE) was as a result of the recklessness and failure of those responsible for the day to day running of the Exchange, Acting Director General and President Umaru Musa Yar'adua's nominee for the Securities and Exchange Commission (SEC) Ms Arunma Oteh has said.
Nominee of President Umaru Musa Yar'Adua for the position of Director General of Securities and Exchange Commission (SEC), Miss Aruma Oteh told the Senate Committee on Capital Market yesterday that capital market operators had betrayed the trust of Nigerians.
The Nigerian Stock Ex change (NSE) has announced a significant reduction in its holdings in Central Securities Clearing System from 100 per cent to 30 per cent.
IF ECONET founder Strive Masiyiwa for some strange reason decided to cash in his Econet shares, he would walk away with a cool US$500 million. But that is if the taxman does not get wind of it. The proverbial taxman would never miss such a thing. Even after the taxman gets his share of the deal, Masiyiwa would still have a lot of cash.
