The Editorial Team |

Mauritius Market Watch: Week Ended 8th May, 2015

Port Louis, Mauritius (Capital Markets in Africa):- The official indices remained almost unchanged this week. The Semdex was flat at 1955.83 points while the SEM-10 index increased slightly by 0.1% 371.39 points respectively. Overall market turnover amounted to Rs367.0m (USD 10.5m), geared towards MCBG and SBMH which contributed 78.7% to weekly turnover. Foreign investors were net sellers to the tune of Rs142.1m. MCB Group saw a total volume of 0.922 million shares traded over the week…

African Stock Market Performance at the end of April, 2015

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African stock market performance across the region has remained fairly buoyant in 2015 (i.e. at the end of April 2015) for local investors. The exceptions were Mauritius (depreciated by 5.7%), Zimbabwe (lost 4.0%), Egypt (declined by 2.8%) and Zambia (down by 0.5%). It ended, however, in the negative region for Forex adjusted returns (in US dollar)due to the depreciation of most African currencies against the US dollar during the period under review. This depreciation is attributed to…

Nigeria Market Watch: Week Ended 8th May, 2015

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Nigerian Stock Market Weekly Summary and Outlook The Nigerian Stock Market sustained a downward trend throughout the week. NSE ASI closed the week at 0.8% lower compared to previous week’s return, hence index level berthed at 34,388.12 points despite the streams of quarterly results that were released. Likewise, YTD return swung back negative, settling at 0.8%. Market activity however improved as total volume for the week rose 35.5% W-o-W to 1.6bn units while value traded…

BADEA provides financial assistance to BOAD

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Lome, Togo (Capital Markets in Africa):- Messrs. Christian ADOVELANDE, President of the West African Development Bank (BOAD) and Abdelaziz KHELEF, Director General of the Arab Bank for Economic Development in Africa (BADEA), have signed an agreement under which BADEA has provided to BOAD a credit facility of USD 20 million, or around FCFA 12 billion. These resources will enable BOAD to finance imports of goods from Arab countries by WAEMU member States. “This financial assistance will help…

Africa highlighted as high potential market for technology companies

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Charles Brewer, managing director for sub-Saharan Africa at DHL Express Cape town, South-Africa (Capital Markets in Africa):- DHL, the world’s leading logistics service provider, held its 5th annual Global Technology conference in Dubai last month, featuring a number of key sessions on doing business in Africa. Under the theme of “Connecting Markets, Trends & People”, the conference hosted some 300 delegates, including many DHL customers from leading global technology companies, for a three day program of…

Ghanaian bank capital adequacy at 17.9% says IMF

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Accra, Ghana (Capital Markets in Africa):– According to the International Monetary Fund (IMF), the risk-weighted capital adequacy ratio of banks operating in Ghana reached 17.9% at the end of 2014 relative to 18.5% at end-2013 and 18.6% at end-2012; while the banks’ Tier-One capital ratio stood at 15.3% at end-2014, up from 14.7% at end-2013 and down from 16.4% at end-2012. The sector’s core liquid assets were equivalent to 26.8% of total assets at the end of 2014 relative to…

AfDB Staked $200 Million for Africas Renewable Energy

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The African Development Bank (AfDB)’s fund portfolio for renewable energies in Africa increased by 10 per cent to US$200 million in the last five years. According to the 2014 report launched by the bank on Monday, the portfolio size multiplied by 10 during the last five years and was now worth more than $200 million. Most project funding has been implemented by the Global Environment Facility (GEF) through AfDB since 2008. The report said the…

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