The Editorial Team

Africa Finance Corporation receives US$50 million from the Islamic Development Bank for project financing

LAGOS, Nigeria (Capital Markets in Africa) — Africa Finance Corporation (AFC) is pleased to announce its acceptance of a US$50 million 15 year line of financing, with a 13 year six month repayment period, from the Islamic Development Bank (IDB). The funds will be used to finance projects located across the numerous African IDB member countries. The projects will be structured in a way that is compliant with Islamic Finance, focusing particularly on infrastructural and agricultural…

Kenya Equity Markets | 24 Aug 2015: Nairobi Securities Exchange invaded by the Bear leaving US$395 million sucked out…

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Nairobi, Kenya (Capital Markets in Africa) — Nairobi Securities Exchange continued to be invaded by the Bear, as a result trading session ended negative. The market capitalization sagged by 2.03 percent or KES 42.61 billion (almost US$395.00 million) to end at KES 2,056 billion relative to market capitalization of KES 2,099 billion recorded at previous trading session. The Nairobi Securities Exchange (NSE20) index slid by 1.54 percent or 67.83 points to close at 4,337.47 points and…

Tanzania Equity Markets | 24 Aug 2015: Tanzania equity markets end in negative, US$107 million lower in market cap ..

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Dar es Salaam, Tanzania (Capital Markets in Africa):- Equities trading on the Dar Es Salaam Stock Exchange opened the week on a negative note, hence the equity market capitalization lower by TZS226 billion (about US$107 million) to end at TZS 22,351.46 billion relative to market capitalization of TZS 22,577.64 billion recorded at previous trading session. Dar es Salaam Stock Exchange index (DSEI) marginally slumped by 25.58 points or 0.99 percent to end at 2,554.13 points….

Cote d’Ivoire Equity Market | 24 Aug 2015: BRVM ends lower today, composite index 0.47% lower … financial sector 1.57% 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 Monday, lower than the previous day. BRVM 10 index decreased from 300.30 to 297.01 points, a drop of 1.10 percent. BRVM Composite index lost 0.47 percent to 294.94 against 296.33 points previously. The equity market capitalization lost XOF 34 billion (about US$52 million) to close at XOF 7,278 billion relative to previous trading sessions’ market capitalization…

Egypt Equity Watch | 23 Aug 2015 : Egyptian bourse continues to stay in the south … market cap $2.4 billion down

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Cairo, Egypt (Capital Markets in Africa):- Egyptian Exchange continues to stay in the south region The market capitalization ended at EGP 428.6 billion after sagging by EGP 18.46 billion (US$2.4 billion); relative to EGP 447.06 billion recorded at previous day trading session. The benchmark index EGX30 slid by 4.52 percent or 388.54 points to end 7,398.43 points, extending its southward movement for the fourth trading session in a row. The equal-weighted indexes EGX50 sagged by 5.89 percent or 75.42 points…

Cote d’Ivoire Equity Market | 21 Aug 2015: BRVM Composite index 1.22% lower … transportation sector rose by 0.68%

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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 Friday, lower than the previous day. BRVM 10 index decreased from 304.27 to 300.30 points, a drop of 1.30 percent. BRVM Composite index lost 1.22 percent to 296.33 against 299.99 points previously. The equity market capitalization lost XOF 91 billion (about US$140 million) to close at XOF 7,312 billion relative to previous trading sessions’ market capitalization…

South Africa Equity Market | 21 Aug 2015: Johannesburg Stock Exchange downward trend continues …

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Johannesburg, South Africa (Capital Markets in Africa) — Johannesburg Stock Exchange (JSE) ended in bearish mood, with falls across the main sector indices except gold miners index. JSE All Share closed 1.47 percent or 733.21 points lower to end at 49,028.36 points and the JSE Top 40 index sagged by 744.83 points or 1.69 percent to end at 43,404.56 points. JSE Financial sector index plunged by 1.44 percent or 630.62 points at 43,099.47 points. Both Industrial sector index and industrial…

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