Uganda, Nigeria and DRC are the latest beneficiaries of a multinational project initiated by the…

Peter Ndegwa has mobilised his Kenyan counterparts to join the Africa Business Leaders Coalition  The…

Worse still, the institute points to a much deeper conspiracy to force African farmers to buy agro-inputs from large corporations. In its report, the Oakland Institute says AGRA ‘imposes a regime in which farmers lose power over their own seeds and are forced to buy them back from large corporations year after year.’

“This system may also contribute to the marginalization of women.9 million smallholder farmer households, who are witnessing increased food security through AGRA’s direct interventions,” reads the report in part.

Then there is the matter overarching matter of climate change. The Food and Agriculture Organization (FAO) warns that the use of synthetic nitrogen fertiliser will increase nitrous oxide emissions, which increase the atmospheric temperature significantly.

The listing of SYGSE happens at a time the JSE is preparing to usher in new amendments to its listings requirements, paving the way for issuers to list and trade Actively Managed ETFs (AMETFs) for the first time in the bourse’s history.

In September, the bourse announced that the Financial Sector Conduct Authority (FSCA) approved amendments to the JSE listings requirements, allowing issuers to list and trade AMETFs for the first time. “The changes [allow] locally registered Collective Investment Scheme (CIS) management companies to list ETFs which related to offshore assets on South African securities exchanges. It [allows] these funds unlimited investment in offshore assets, subject to the restrictions on their offshore portfolio allowances.”

The stock exchange indicated that given the global ETF market’s evolution and the local industry’s desire, the impending introduction of AMETFs in South Africa aligns with global best practices.

Geregu Power PLC was incorporated in November 2006 as one of the unbundled companies from the now-defunct Power Holding Company of Nigeria (PHCN). The Company began operations in February 2007 to generate electric power supply to the National Grid managed by the Transmission Company of Nigeria (TCN).

Amperion Power owns 99.9 per cent of the company. Calvados holding (owned by Femi Otedola) owns 95 per cent of Amperion Power while Shangai Power owns five per cent.

Geregu Power listed 2.5 billion ordinary shares of 50 kobos each at a share price of N100 per share, valuing the company at about N250 billion on the first day. However, amid high investors demand, Geregu Power’s stock gained 10 per cent (N10) on its first trading day on the NGX to close at N110 per share from N100 per share.

The gain pushed its market capitalisation to N275 billion from the N250 billion it was listed. The company traded 8.5 million volume of shares at N935 million in one day as its listing further boosted liquidity in the Nigerian capital market.

According to an article by Forbes dated June 23, 2022, the world’s first stock index appeared in July 1884 when the ‘Dow Jones Transportation Index’ was published in the US by newspaperman Charles Dow. The index comprised 11 transport stocks including nine railway companies, a steamship company and a telegraph operator.

The index average was calculated by adding all its share prices together and dividing the total by 11 – the number of shares.

There’s a more in-depth look at the indices on the ZSE, along with the profiles for the fourth quarter of 2022 put together.

ZSE said that indices provide the market with better performance apparatus and assist in choosing sector-based investing strategies.