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Zimbabwe: Innscor Faces U.S.$60 Million Fine

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Posted by admin 257 days ago (http://allafrica.com)
[The Herald]ZIMBABWE Stock Exchange-listed Innscor Africa was found guilty of not following proper regulatory procedures in its acquisition of a majority stake in National Foods Limited (NatFoods) and could be liable to a fine as high as US$60 million. The Competition and Tariff Commission passed judgment against Innscor Africa Limited following allegations that it did not follow proper regulator

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Nigeria: Market Infractions - NSE to Delist 53 Inactive Stockbroking Firms

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Posted by admin 257 days ago (http://allafrica.com)
[Leadership]The Nigerian Stock Exchange (NSE) will wield the big stick on 53 stockbroking firms for failing to regularise their licences.

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Egypt: Egypt Bourse Records Highest Level in 35 Months, Main Index Up 1.8 Percent

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Posted by admin 259 days ago (http://allafrica.com)
[Egypt Online]The Egyptian Exchange (EGX) recorded its highest level in 35 months on Thursday amid intensive purchases by foreign and Egyptian investors.

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Zimbabwe: Interfresh to Delist From the ZSE

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Posted by admin 259 days ago (http://allafrica.com)
[Zimbabwe Independent]AGRICULTURAL and allied food products company, Interfresh Holdings Ltd (Interfresh)'s shareholders have approved a proposal to delist the company from the Zimbabwe Stock Exchange (ZSE) effective December 31 and get better value ahead of a transaction to raise US$6 million in fresh capital.

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Zimbabwe: Interfresh to Delist From the ZSE

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Posted by admin 259 days ago (http://allafrica.com)
[Zimbabwe Independent]AGRICULTURAL and allied food products company, Interfresh Holdings Ltd (Interfresh)'s shareholders have approved a proposal to delist the company from the Zimbabwe Stock Exchange (ZSE) effective December 31 and get better value ahead of a transaction to raise US$6 million in fresh capital.

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Zimbabwe: Shareholders Approve Afdis U.S.$5 Million Rights Offer

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Posted by admin 259 days ago (http://allafrica.com)
[Zimbabwe Independent]ZIMBABWE Stock Exchange listed branded spirits and wine manufacturer African Distillers Limited, (Afdis) shareholders this week approved a US$5 million rights offer to raise capital towards the purchase of a state-of-the-art ready to drink (RTD) manufacturing plant.

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Nigeria: NSE - Market Capitalisation Depreciates By N31 Billion

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Posted by admin 260 days ago (http://allafrica.com)
[Daily Trust]The market capitalisation yesterday depreciated by N31 billion or 0.25 per cent to close at N12.43trillion from N12.46 trillion recorded on Tuesday.

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Nigeria: Infinity Trust Mortgage Bank Joins NSE

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Posted by admin 261 days ago (http://allafrica.com)
[This Day]The number of companies listed on the Nigerian bourse increased further Wednesday following the listing of the shares of Infinity Trust Mortgage Bank (ITMB) Plc.

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