Capital Markets News

Zimbabwe: Insurance Firms Invest $800m in Prescribed Assets


 | Source: Financial Gazette; All Africa

The insurance and pensions industry has invested nearly $1 billion in prescribed assets in the last six years, as they sought to comply with the country's legislation on portfolio investments.

Zimbabwe: Agribank, Fbc to Raise $20m Agro Bills


 | Source: The Herald; All Africa

Agribank and FBC are getting into the market to raise $20 million through agro bills so as to support agricultural activities in the impending 2017/18 summer cropping season.

Zimbabwe: RBZ Unveils U.S.$200 Million for Productive Sector


 | Source: Zimbabwe Independent; All Africa

Reserve Bank of Zimbabwe chief John Mangudya this week moved to lift production in the economy with a U.S.$200 million financing to raise exports.

Angola: BNA Sells 170.3 Million Euros to Financial Market


 | Source: Angola Press; All Africa

The National Reserves Bank of Angola (BNA) sold 170.3 million Euros (equivalent to USD 190.3 million) to the financial market, with emphasis on the oil sector operations, availing 53.7 million Euros.

Kenya: Cheaper Cash Options Keep State From CBK Overdraft


 | Source: Daily Nation; All Africa

The Treasury has kept away from the overdraft facility at the Central Bank of Kenya (CBK) for the past three months as investors bombard it with cash, opting instead to fill short-term cash-flow needs through the sale of treasuries.

Zimbabwe: $200m Infrastructure Fund Unveiled


 | Source: The Herald; All Africa

Ecsponent Limited's controlling shareholder and Brainworks Capital founder George Manyere has unveiled a $200 million investment fund targeting key infrastructure projects in Zimbabwe.

Four East African Stock Exchanges Strengthen Ties


 | Source: Financial Afrik

The east African Securities Exchanges Association (EASEA) instructed its technical committee to accelerate the implementation of The common infrastructure of the capital markets.

Ethiopia: ECX Stretches With Widened Scope


 | Source: Addis Fortune; All Africa

The proclamation will enable ECX to manage future, forwarding and managing contracts of non-agricultural products.

Uganda: Privatised Firms Should Sell Shares to Public - Rugunda


 | Source: The Monitor; All Africa

About 60 enterprises had by 2002 been privatised by the government. Some of these companies, according to the Ugandan Prime Minister were required to list sell shares to the public by listing on the Uganda Securities Exchange (USE) and ALTX East Africa Exchange.

Nigeria cannot borrow anymore, plans to generate funds domestically to fund budget - Adeosun


 | Source: Ecofin Agency

The Nigerian Minister of Finance, Kemi Adeosun, on Tuesday said the country must not borrow more to fund the 2017 budget but should instead raise money by other means.

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