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Kenya: GEMS to Get Second Listing in November

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Posted by admin 14 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 14 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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Comment on JSE launches futures trading for 3 African currencies by photo development

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Posted by admin 14 days ago (http://www.africancapitalmarketsnews.com)
It's going to be end of mine day, however before finish I am reading this impressive post to improve my knowledge.

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Comment on JSE launches futures trading for 3 African currencies by Tom Minney

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Posted by admin 15 days ago (http://www.africancapitalmarketsnews.com)
Thanks for the positive feedback, I hope you had a good rest and did not dream of currency futures, swaps and other nightmare inducing financial products!

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Nigeria: Shareholders' Group Task Royal Exchange on Recapitalisation

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Posted by admin 15 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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Zimbabwe: ZSE Refers StarAfrica Transaction to Regulators

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Posted by admin 15 days ago (http://allafrica.com)
[Financial Gazette]THE Zimbabwe Stock Exchange (ZSE) has referred a transaction involving over four million shares held by starafricacorporation chairman, Joe Matizwa, to the Securities and Exchange Commission of Zimbabwe (SECZ) due to alleged violation of rules, the Financial Gazette's Companies & Markets (C&M) can report.

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Nigeria: NSE Market Cap Sheds N35.9 Billion

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Posted by admin 15 days ago (http://allafrica.com)
[Daily Independent]Lagos -Trading on the floor of The Nigerian Stock Exchange (NSE) on Wednesday closed in the negative trajectory when both indicators depreciated by 0.26 per cent each.

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Nigeria: Stockbroking Firms Walk a Tight Rope

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Posted by admin 16 days ago (http://allafrica.com)
[This Day]Goddy Egene writes that as the December 2014 deadline given by the Securities and Exchange Commission to stockbrokers to recapitalise looms, many of them are facing serious challenges meeting the directive

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