The Zimbabwe government and stockbrokers in the nation’s stock market agreed to halve their combined stake in the bourse to 50 percent before an initial public offering. The 50 percent share of the Zimbabwe Stock Exchange will be valued at $5 million, according to a memorandum of understanding signed today […]

Lotus Capital Limited says it has held a signing ceremony with respect to the proposed initial offer for subscription of the Lotus Halal Equity Exchange Traded Fund. The company said this in a statement made available to our correspondent on Monday. The signing ceremony was held following the receipt of […]

By Peter OBIORA InvestAdvocateLagos (INVESTADVOCATE)-Nigerian Conglomerate, Transnational Corporation of Nigeria Plc (Transcorp) on Monday said its half year 2014 profit for the year grew 177.4 percent to N688.7 billion from N2.483 billion in the same period of 2013. Similarly, first-half 2014 pretax profit of the conglomerate increased 122 percent to […]