African equity capital markets records $9.1bn - PwC

ITREALMS:

The African equity capital markets recorded the sum of $9.1 billion in four years, reports ITRealms.

According to the PriceWaterCopper (PwC) in its 2017 Africa Capital Markets watch made available to ITRealms, revealed that $9.1bn proceeds were raised between 2013 and 2017 in African equity capital markets (ECM) and debt capital markets (DCM).

ITRealms also gathered that the ECM transactions included in the report comprised of capital raising activities, whether initial public offerings (IPOs) or further offers (FOs), by African companies on exchanges worldwide and those made by non-African companies on African exchanges.

Some of the highlights of African capital markets in numbers, ITRealms gathered comprised 28 IPOs in 2017, 134 IPOs between 2013 and 2017, $2.9bn IPO proceeds raised in 2017, 93 FOs in 2017, 385 FOs between 2013 and 2017, $10.6bn FO proceeds raised in 2017, $43.6bn proceeds raised between 2013 and 2017.

ITRealms reports that PwC pointed out that in terms of capital market activity, “we expect that the recovery seen in 2017 will gain momentum in 2018, including an increase in cross-border ECM activity for regional players looking to compete globally.”

Chuks Egbune/GEE

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