Omegascorpi [Beta] » Africa

SEC Plans & Targets For Nigerian Stock Exchange

tape — Sat, 07 Jan 2012 07:58:29 +0000

The ambition of the Nigeria Securities And Exchange Commission is clear and simple,to boost the value of the NSE to a trillion dollars by the end of 2016.

How do they achieve that ? Through a series of measures and rules:

-Listing of the NSE itself to help the value of the exchange

-Requiring all companies to disclose financial information on their website ( a good example is First Bank ).

-To encourage expansion of the fixed income market.Nigeria central Bank has already hiked the rates on fixed income securities and cut taxes.

-To push pension funds towards stock investments which are limited to a total of 12 billion dollars so far.

-To combat risk averse attitude among local retail investors by producing ,with Nollywood film directors ,TV shows that promote a certain business attitude.

-Introduction of a new code of corporate governance

New listing of companies could also bring in that new blood so much needed to move towards the goal.

The state oil company is expected to float its joint venture companies on the NSE,the same move is expected in the power industry where some 19 new electricitygeneration and distribution companies are expected to attempt to raise the 50 billion dollars investment capital required on the NSE.

Other companies wished to list on the NSE include, Shell,Exxon and MTN Nigeria.

Nigeria stock market quick profile

Capitalisation of about 40 billion dollars

217 companies listed on the NSE

Five million Nigerians out of a population of 165 million are shareholders

|Source rinted version of The Africa Report |

The Nation Safe for Investment, SEC, NSE Re-Assure Investors (briefingnotesnigeria.wordpress.com)
SEC axe Nationalized banks (briefingnotesnigeria.wordpress.com)

Repost:Banking Outlook Africa 2011 Conference

tape — Fri, 01 Jul 2011 23:52:32 +0000

When: July 18th-22nd 2011

Where:,Sandton Convention Center,Johannesburg,South Africa

What:This year conference will address issues around the outlook for African retail banking, the international banks’ focus on the continent,the unbanked markets,the changes in customer demand and how to respond and retail banking technology and its influence on the bottom line .

Who is attending:
# Head of Bank Supervision
# Head of Business Systems and Technology
# Head of Corporate Services
# Head of Research/ Product Development
# Head of Retail Liabilities/ Retail Assets
# Head of SMME
# Head of Lending/Loans

Some of the guest speakers include:› Mr John Gachora,Chief Executive @ Absa Africa;Mr Peter Schlebusch,Chief Executive: Personal & Business Banking @Standard Bank;› Mr Edmund Jeneker,Head of Entry Level Banking @ Absa
; Mr Samuel Kimani,Deputy Chief Executive, Group Controls @ Kenya Commercial Bank; Mr Antony Withers,Chief Executive Officer @Mauritius Commercial Bank; Désiré Vencatachellum, Director – Research Department @ African Development Bank.

Official website:Banking Outlook Africa 2011

|IPO| Tullow Oil plc Raising GH¢124 million

tape — Mon, 20 Jun 2011 16:17:27 +0000

Tullow Oil plc is one of the leading independent oil and gas exploration and production company in Africa and currently a major partner in Ghana’s Jubilee field. The company is seeking to raise GH¢124 million through the issue of 4 million shares at GH¢31 per share. With 90 licenses spanning 22 countries, 1,383 mmboe
reserves as at the end of 2010, Tullow is an excellent investment opportunity for long-term growth investors.

Start June 16 2011

Ends July 4th 2011

EXPLORATION AND PRODUCTION PORTFOLIO

AFRICA

The oil sector in Congo (1) accounts for a large portion of
the country’s GDP and exports. With development and
production operations in Brazzaville, Tullow averaged 4,000
bopd in 2010, which represented 7% of the Group’s
production.

Côte d’Ivoire (2) is a major gas producer, producing
sufficient gas for the country, in addition to being a major
supplier to the West African region. With exploration,
development, and production across four offshore blocks,
Tullow produced 3850 bopd, approximately 7% of the
Group’s production, in 2010.

With two offshore interests for hydrocarbon industry,
Tullow’s development and production operations in
Equatorial Guinea (3) yielded 15,700 bopd, representing
more than a quarter of the Group’s total production.

Currently, hydrocarbon reserves in Ethiopia (4) are limited,
but Tullow Oil has shown an interest in exploration by
acquiring licenses in 2010.

Tullow Oil reports strong 2011 performance so far (marketwatch.com)
Tullow plans secondary listing in Ghana (marketwatch.com)
Ghana oil output to hit 120,000 bpd by Aug-Tullow (reuters.com)

Satya Capital

tape — Wed, 23 Feb 2011 14:48:10 +0000

Satya Capital is an independent investment firm, focused on Africa. Through the Satya Capital Africa Fund and Satya Capital Opportunities they bring in with financial, strategic and operating support to a growing number of businesses across the continent.

They provide primarily growth and expansion capital, and target investments of between $20m and $50m.
Their portfolio ( Click to see more)
The investment team ( Click to see more).

Official website

ACA-Africa Capital Alliance (omegascorpi.com)
Real Focus Capital (omegascorpi.com)

ACA-Africa Capital Alliance

tape — Wed, 23 Feb 2011 10:31:52 +0000

African Capital Alliance (ACA) is a leading private equity firm focused on Nigeria and West Africa.

ACA was founded in 1997 with a mission to build Africa’s premier private equity investment firm by mobilizing capital, technology and management resources from local and international sources to unlock Africa’s private sector potential.

Their investment strategy( click to read).

Their funds (click to read).

Their portfolio includes,Etranzact global ,Cornerstone Insurance ,G Telecom ,linkserve ( click to read more ).

Official Website

Real Focus Capital (omegascorpi.com)
Frontline Gold finds new deposits in West Africa; shares rise (reuters.com)

Real Focus Capital

tape — Sun, 23 Jan 2011 12:43:57 +0000

: Image via Wikipedia

Real Focus Capital is an investment & advisory firm whose clients include governments, families, large corporations and institutional and high-net-worth investors doing business in Africa, Europe and Middle East that:

-Advise companies and individuals on buying and selling businesses and help them manage risks in the regions.

-Assist businesses and national governments in Africa, Europe and Middle East finance their operations through debt and equity offerings and loans.

-Implore theircapital, as well as those of their clients to invest in businesses that bring about economic development, create jobs and alleviate poverty in Europe, Africa and Middle East.

-Manage their assets as well as those of their clients, including real estate, human capital, commodity investments and equity purchases.

They therefore connect buyers and sellers doing business in Africa, Europe and the Middle East, linking investors and capital with the businesses and governments in need of it. This fuels job creation and innovation, while increasing tax revenues and facilitate economic development.

Why Should You Invest In Africa

tape — Thu, 07 Oct 2010 20:12:32 +0000

: Image by Africaincorp via Flickr

‘Ground-floor opportunity. ” For the decade ending Dec. 31, 2009, an African composite index made up of eight countries, including South Africa, Nigeria, and Egypt, returned about 14 percent annualized. South Africa alone returned an average of 13 percent per year over that period.

Investors who enter a new high-growth market first reap the highest returns over time.”

Low correlation. Correlation is a measure of how investments perform in relation to each other. . According to Seruma’s research, from January 2002 through June 2009, an African composite index of eight countries had a correlation of 0.59 with the S&P 500, 0.66 with the MSCI EAFE Index (which measures developed markets outside of North America), and 0.60 with the MSCI Emerging Markets Index.

Investors can use correlation statistics to find out how to better diversify their portfolios.”

Strong growth expected. “According to projections from the World Bank, nine of the 15 countries in the world with the highest rate of five-year economic growth are in Africa. ”

Profitable companies. There are a number of well-known companies that are based in Africa, including South African Breweries (a subsidiary of SABMiller) and telecom company MTN. Africa’s total stock market capitalization now exceeds $1 trillion.

Demand for commodities. “As the BRICs industrialize, they’re going to be demanding more and more of these commodities.”

Increasingly less violent. According to Freedom House, 63 percent of Africa’s population now lives in countries designated “free or partially free.” Compare that with Asia, which has a score of 66 percent.

China’s involvement in the region.Many Chinese companies—some of which are backed by the government—have made significant investments in Africa.

Infrastructure spending. Countries are beginning to stay and help make important infrastructure improvements in the continent

Low debt. Concerns about sovereign debt—the debt that governments owe—has made headlines in Europe. Countries like Greece, Portugal, and most recently, Ireland have seen their debt downgraded by ratings agencies like Standard & Poor’s. The United States also faces a huge budget deficit.

Growing investment from abroad. Africa is ahead of Brazil, India, and Russia. It’s second only to China.

Attractive valuations.The average price-to-earnings ratio for African companies is about 8 to 9 percent compared with the S&P 500, which has an average P/E ratio of about 15 or 16 percent.

Young demographics. Compared with other regions of the world, Africa has a much younger median age, which means African governments aren’t as burdened by elderly populations and pension plans. It could also mean that Africa has a young, vibrant workforce.

[Source ]

IBM Puts Its Money Where Its Mouth Is – Africa (readwriteweb.com)
An index of African governance: A rum old mix (economist.com)
Bob Geldof to front $750 million private equity Africa investment fund (annansi.com)
Wal-Mart plans Africa debut with $4.2 billion buy of S. Africa’s Massmart (annansi.com)

Conference-IPO 48

tape — Tue, 28 Sep 2010 20:47:50 +0000

When:29-31 October 2010

Where:Nairobi,Kenya

What: IPO48 is a boot-camp-style initiative to build new web and mobile services in just 48 hours.

IPO48 starts already 10 days before the actual get-together in Nairobi. Everybody can submit business ideas on HumanIPO, that way all participants can learn and evaluate ideas, ask questions, give their comments and find the potential ideas they would like to work on. On 26th of October we will announce 20 most popular business plans, which will be presented by the authors on Friday evening in IPO48.

IPO48 will peak with the new product demonstration on Sunday evening where the judges will pick the winner of the event. Besides of having strong technological solution for the product/service, the winning team needs to highly focus on their business model

Kenya Airways Flies to Angola (flightafrica.blogspot.com)
Supporting Socially Innovative Tech Startups (readwriteweb.com)
Tandaa Announces Winners of Kenya Government Information Portal grant (siku-moja.blogspot.com)

Financial Market Review for the Week Ended June 18, 2010

tape — Sat, 19 Jun 2010 13:40:03 +0000

Check the report on trading at the Ghana Stock Exchange and the state of the financial markets for the week ended June 18, 2010.

For further enquires please contact SAS Ghana

Bloomberg is First to Provide Ghana Stock Exchange Data (eon.businesswire.com)

Kenya Bank Equity & China Development Bank Ink Deal

tape — Sun, 23 May 2010 21:29:47 +0000

Kenya’s leading Bank Equity and China Development Bank have announced a Kenya shillings 4 Billion credit facility for Small and medium enterprise businesses.The credit/loan facility will attract low interest rates of between 7% to 9 %

MKesho: Linking Banks and Mobile Payments (whiteafrican.com)

Omegascorpi [Beta] » Africa

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