AFRICA MUST TRADE IN LOCAL CURRENCIES
It makes no sense that our countries still allow our economies to suffer as a result of this stupid idea of US Dollar being the world reserve currency, therefore we must at all cost trade in US Dollar on the international market at the expense of our economic prosperity and at the expense of the stability of our currencies.
Africa must trade in local currencies. Why should a Senegalese purchase US Dollar in order to be able to buy goods in Ghana or in Nigeria?
William Samoei Ruto, PhD was championing this fight but now I don't know where we are with that project. I hope he hasn't been silenced as well!
To the African Continental Free Trade Area (AfCFTA) Secretariat you need to advocate for this to happen if we really want to get the results we are looking for with the free trade area.
African Development Bank Group African Union African Continental Free Trade Area (AfCFTA) Secretariat Prof. PLO Lumumba Julius Sello Malema Amb. Abdoulaye Diop Amadou Diawara Pape Babacar THIAM
The Ethiopian Investment Commission, with the Ministry of Trade and Regional Integration, convened a press conference to explain the policy rationale and content of the Ethiopian Investment Board's (EIB) Directive to Regulate Foreign Investors’ Participation in Restricted Export, Import, Wholesale, and Retail Trade.
H.E. Ms. Hanna Arayaselassie, Commissioner of EIC, and H.E. Endalew Mekonen, State Minister of MoTRI, provided comprehensive insights into the directive's specifics and addressed inquiries posed by journalists. #TimeToInvestInEthiopia #Ethiopia
We are delighted to announce that Brian Frimpong, Managing Partner at Zebu Investment Partners, will be speaking at AFSIC - Investing in Africa, 9-10th October 2023. Company Overview: Zebu Investment Partners (ZIP) is a private equity fund manager that focuses on creating transformational opportunities for companies along the food value chain to improve and enhance African food production, while bringing investors long-term, above-market returns. Zebu's impact funds focuses on deploying growth equity capital into companies that emphasizes green and climate friendly methods to deliver solutions to the African consumers.
Register NOW to attend AFSIC – Africa’s Investment Event, 9-10th October 2023. London
#afsic #afsic2023 #investinginafrica #africaninvestment #africafinance
Scenes from Letshego Ghana Savings and Loans' GHC 500m bond listing ceremony at Ghana Stock Exchange(Cedi house) earlier today. As joint arrangers, we're proud to be part of this success story.
Our Head of Investment Banking, Kobby Bentsi-Enchill, emphasized the vital role of trust in finance, citing Letshego's oversubscription as proof. "This success underscores trust in Letshego as a bond issuer and the importance of domestic capital markets," he said. The proceeds will boost working capital and expansion, solidifying Letshego Ghana's position.
At Stanbic Bank, we're committed to supporting businesses in scaling and accessing development funding.
#Ghana and #Benin have officially announced plans to implement free roaming between the two countries, effective July 1, 2024.
This landmark agreement, facilitated by National Communications Authority and Benin’s Electronic Communications and Postal Regulatory Authority (ARCEP), aims to enhance connectivity and economic integration in the region.
This means lower costs for calls, texts, and data while travelling within Ghana and Benin. This move is a significant step towards enhancing the #AfCFTA Digital Trade Protocol and the #ECOWAS Free Roaming Initiative, fostering seamless cross-border communication and boosting business, tourism, and social connections.
Adenia Partners, a private equity firm focused on growth opportunities in Africa, has closed its fifth fund, Adenia Capital V (or Fund V) at its $470 million hard cap.
“Amid the impressive oversubscription of this new fund, it is incredible to look back on Adenia’s journey over the last two decades, which started with the €10 million raised for our first fund back in 2003,” said Alexis Caude, managing partner at Adenia Partners.
Join us at our Bloomberg #Dubai HQ to learn more about African #Bond Markets in Bloomberg's upcoming event with the African Development Bank Group and MCB Group of #Mauritius and our Bloomberg Africa Economist Yvonne Mhango.
This event is perfect for Institutional investors based in the Gulf, with an interest in EM Credit/Bond markets.
The session will focus on AfDB's roadmap to deepen capital markets and look at the economic hot spots, such as #Kenya, #Nigeria, #Egypt.
With transparent access to local currency bonds — yet challenges with trading, settlement and hedging — what does the outlook for the continent look like?
Looking forward to seeing you Abhimanyu Yadav, PRM, CFA
STOCK MARKET INVESTMENT IN THREE SIMPLE STEPS
Natasha Lloyd, Lusaka,31st March 2024 -The Lusaka Securities Exchange Plc (LuSE) serves as a platform for trading financial instruments, including shares, sovereign bonds, and corporate bonds in Zambia.
There are a few steps to follow for one to participate on the LuSE. This article breaks these steps down.
SELECTING A BROKER:
To start investing in LuSE, one must first choose a certified broker from the list provided on the exchange's official website. A broker acts as an intermediary, connecting buyers with sellers in the market. The selection process involves careful consideration of various brokers, taking into account factors such as reputation, service offerings, and fees. The LuSE website guides on the percentage fees charged by the brokers.
OPENING A TRADING ACCOUNT:
Once you select a broker, the next step involves opening a trading account with the chosen intermediary. To initiate this process, individuals or companies are required to provide mandatory documentation for ‘Know Your Customer’ (KYC) purposes, including proof of residence, identification, a completed brokerage form, and the specified investment amount. Brokers typically charge a commission, usually a percentage of the transaction value. Upon completion of this step, investors gain access to the broker's investment platforms.
SELECTING INVESTMENT ASSETS:
With a trading account in place, investors must carefully decide on the type of financial instruments they wish to invest in. LuSE offers a diverse range of options, including shares, sovereign bonds, and corporate bonds. This decision should align with the investor's financial goals, risk tolerance, and market outlook. Make sure to do your primary market research on all the financial instruments to determine which one suits you best.
SUBMITTING A ‘BUY ORDER’ THROUGH THE BROKER:
Once the investment assets are chosen, investors can proceed to submit a buy order through their selected broker. This involves specifying the desired quantity of the chosen asset and setting either a limit price or a market price. The completion of a transaction occurs when the bidding price matches the ask price for the selected asset, leading to the execution of the trade.
TRANSACTION COMPLETION AND OWNERSHIP TRANSFER:
Upon successful execution of the trade, the broker facilitates the transaction payment at LuSE in the investor's name. The broker then ensures the seamless delivery of the transaction amount to the respective seller. At this point, the investor officially becomes the legal owner of the acquired assets.
LuSE offers individuals and companies a gateway to the world of financial markets in Zambia. We encourage you to invest and secure your financial future.
And this is it!
Our CEO Tilahun E. Kassahun (PhD), joined CNBC Africa's Power Lunch East Africa to talk about the Ethiopian Securities Exchange, the recent completion of its capital-raising campaign, the release of its draft Exchange Rulebook for public consultation and the completion of the technical evaluation for selecting its technology provider.
The fixed income market in Zimbabwe is relatively underdeveloped, owing mainly to the macroeconomic conditions, but they have a great opportunity to forge ahead through #peer #learning. The Botswana Stock Exchange Limited has been invited to this conference to share learnings and experiences on how a successfully run #BondMarketAssociation can catapult the fixed income market to greater heights. I have the pleasure of presenting at this conference not just as the Head of Product Development, but also as the Secretary General of the Botswana Bond Market Association, of which the BSE is the Secretariat. Zimbabwe is looking to launch its own #BondMarketAssociation this week.
