Africa Equity

MAS Real Estate has raised R2.74bn ($253.1m) through the sale of almost 274m new shares, increasing the size of its free float on both the Euro-MTF and the AltX in Johannesburg.

Nigerian oil and gas firm Seplat launched an IPO of more than $500m on Tuesday, the biggest exploration and production flotation since the financial crisis and the first firm with a dual listing in London and Lagos.

National Bank of Kenya, a Nairobi-based commercial lender, has appointed local advisers to a capital raise that was approved last summer, according to reports.

South Africa's MAS Real Estate, a company which focuses on the UK, Germany and Switzerland, is set to raise around €100m equivalent from a private placement at the end of February that will help it pay for further acquisitions.