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Nigeria: Shareholders' Group Tasks Royal Exchange on Recapitalization

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Posted by admin 10 days ago (http://allafrica.com)
[Guardian]SHAREHOLDERS group under the aegis of Renaissance Shareholders Association , have urged management of Royal Exchange Plc to ensure that a well planned recapitalisation of the company to the tune of N50 billion, urging them to consider restructuring its business into a Group structure.

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Kenya: Cigarette Maker's Stock Touches Historical Sh1,000 At the Bourse

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Posted by admin 10 days ago (http://allafrica.com)
[The Star]British American Tobacco stock opens trade today as the most expensive share on the Nairobi Securities Exchange, having closed at a historical high of Sh999 on Friday.

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Rwanda: Rwandans Urged to Invest in Uchumi Shares Before Upcoming Rights Issue

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Posted by admin 10 days ago (http://allafrica.com)
[New Times]Local businesses and individuals have been urged to buy regional retailer Uchumi Supermarkets' shares ahead of the firm's rights issuance next month.

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Zambia: JSE Listing to Curb Trade Shocks

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Posted by admin 13 days ago (http://allafrica.com)
[Times of Zambia]TRADE between Zambia and South Africa will no longer be exposed to adverse effects of currency fluctuations following the quoting of the Kwacha on the Johannesburg Stock Exchange (JSE).

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South Africa: South African Bourse Launches Futures Trading for Nigeria's Currency, Others

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Posted by admin 13 days ago (http://allafrica.com)
[Guardian]SOUTH Africa's Johannesburg Stock Exchange [JSE] has launched currency future instruments which will help investors and businesspeople looking to hedge against African currency movements.

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Nigeria: NSE Index Drops By 1.03 Per Cent

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Posted by admin 13 days ago (http://allafrica.com)
[Daily Independent]Lagos -Just as it did the previous day, trading on the floor of The Nigerian Stock Exchange (NSE) on Thursday closed in the negative trajectory when both indicators depreciated by 1.03 percent each, the biggest daily drop in the last six months.

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Kenya: GEMS to Get Second Listing in November

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Posted by admin 13 days ago (http://allafrica.com)
[The Star]Flame Tree Group, a cosmetics and plastic tanks manufacturing outfit, yesterday said it will list its entire issued share capital on the Nairobi Securities Exchange in November by way of introduction.

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Nigeria: CAC to Delist 49,000 Companies Over Failure to File Returns

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Posted by admin 13 days ago (http://allafrica.com)
[Guardian]FOR failing to file their tax returns after the statutory period, the Corporate Affairs Commission (CAC) has stated that it would delist 49,000 registered companies from its register.

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