The Editorial Team

UNDP launches storytelling contest to amplify climate coverage

GENEVA, Switzerland, UNDP has launched a global storytelling contest, Voices2Paris , to contribute to raising public awareness on the negative impacts of climate change as well as on the opportunities and solutions seen in actions by individuals and governments alike across vulnerable developing countries worldwide. “We want to provide young journalists in developing countries a unique opportunity to contribute to the global debate on climate change in the run-up to COP21, while building their capacity…

Mauritius Equity Watch | 27 Aug 2015 : Bear is the King at the Stock Exchange of Mauritius

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Port Louis, Mauritius (Capital Markets in Africa) — Mauritius equity markets carried on the downward trends, so at the end of today’s session the equity market capitalization ended at MUR 215.281 billion after sagging by MUR 401 million (US$11.5 million) relative to previous market capitalization of MUR 215.682 billion. The Mauritius All Share Index (SEMDEX index) fell by 0.28 percent or 5.40 points to close at 1,933.17 points and SEM10 index ended at 368.60 points after…

Cote d’Ivoire Equity Market | 26 Aug 2015: BRVM bourse equity lower today and composite index 0.34% down

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Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Wednesday, lower than the previous day. BRVM 10 index decreased from 296.73 to 294.99 points, a drop of 0.59 percent. BRVM Composite index lost 0.34 percent to 293.80 against 294.80 points previously. The equity market capitalization fell by XOF 24 billion (about US$41 million) to close at XOF 7,250 billion relative to previous trading sessions’ market…

Tanzania Equity Markets | 26 Aug 2015 : Dar Es Salaam Stock Exchange equity trading further dips …

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Dar es Salaam, Tanzania (Capital Markets in Africa):- The Bear sustained its supremacy at the Dar es Salaam Stock Exchange , as a result the equity market capitalization decreased by TZS 418.12 billion (about US$106 million) to end at TZS 21,881.99 billion relative to market capitalization of TZS 22,300.11 billion recorded at previous trading session. Dar es Salaam Stock Exchange index (DSEI) slumped by 48.06 points or 1.89 percent to end at 2,548.23 points. Tanzanian…

Kenya Equity Markets | 26 Aug 2015: Nairobi Securities Exchange equity markets downward trend persist …

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Nairobi, Kenya (Capital Markets in Africa) — Nairobi Securities Exchange equity markets continued to stay in the red zone by shed off 2.47 percent or KES 47.40 billion (almost US$457 million) in the market capitalization to end at KES 1,958 billion from market capitalization of KES 2,006 billion recorded at previous trading session. The Nairobi Securities Exchange (NSE20) index tumbled by 71.38 points or 1.68 points to close at 4,171.35 points and the Nairobi All Share…

South Africa Equity Market | 26 Aug 2015: Johannesburg Stock Exchange ends in bear, all sectors in red

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Johannesburg, South Africa (Capital Markets in Africa) — Johannesburg Stock Exchange equity markets returned to the South Pole path. JSE All Share closed 1.27 percent or 621.60 points lower to end at 48,359.24 points and the JSE Top 40 index crashed by 584.99 points or 1.35 percent to end at 42,854.06 points. JSE Financial sector index plunged by 1.37 percent or 594.03 points at 42,904.46 points. Both Industrial sector index and industrial 25 index advanced by 1.21 percent to close at…

CDC-backed businesses in Africa and Asia create nearly 1.3 million new jobs

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LONDON, United-Kingdom (Capital Markets in Africa) — CDC Group plc, the UK’s government-owned development finance institution, has today announced its 2014 annual results. The organisation, which invests to support the growth of businesses and create jobs in developing countries in Africa and South Asia, made 19 new investment commitments totalling £296.5m and reported a total return after tax of £420.2m (2013: £117.3m). New analysis also showed that CDC-backed businesses contributed to the creation of nearly 1.3…

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