The Editorial Team

Ghana Equity Watch | 30 July 2015: Ghana exchange’s market capitalization give up US$99 million …

Accra, Ghana (Capital Markets in Africa):- The Ghanaian Stock Exchange (GSE) on Thursday ended in red, so the market capitalization fell by GHS 337 million to close at GHS 62,995 million relative to market capitalization of GHS 63,332 million recorded at previous trading session. The benchmark composite index lost 27.88 points or 1.24 percent to close the day at 2,218.63 points, representing a year- to- date performance 0f -1.67 percent. The financial Index also declined by 28.54 points or 1.24 percent to…

World Bank Approves US$700m guarantees for Ghana’s Energy Transformation

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Washington, US (Capital Markets in Africa) – The World Bank’s Board of Directors today approved a record investment of $700 million in guarantees for Ghana’s Sankofa Gas Project – a transformational project that will help address the country’s serious energy shortages by developing new sources of clean and affordable natural gas for domestic power generation. The Board approved a unique combination of two guarantees for the Project – an IDA* Payment guarantee of $500 million that…

Botswana Equity Watch | 30th July 2015: Botswana equity markets indices DCI up 95bps, FCI down -0.49%, Letshego takes 94% of volume…

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Gaborone, Botswana (Capital Markets in Africa):- The BSE Equity Markets indices recorded further rises in todays session as the DCI main recorded a rise and local LASI indices recorded a slight increase also. The FCI index however recorded a decrease. The Botswana Domestic Composite Index (DCI) recorded a rise to close at BWP 10,950.01 up 95.00 points (+0.88 percent) from its previous close of 10854.50 . The Foreign Composite Index (FCI) however fell today registering a decrease of -0.49 percent a change of -0.03 percent to settle at 1571.27. The Local Asset Sector Index…

Zimbabwe Market Watch | 30th July 2015: Zimbabwe equities reverse back into green, industrial index up 0.58 points, market cap up US$12 Mill…

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Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) Industrial Index closed trading reversing back into the green today as it tried to close in on the the losses made earlier in the week. The market capitalisation edged up with an additional US$12 mill. The ZSE Industrial Index was up by +0.39% a leap of 0.58 points up from its previous close of 145.05 to end at 145.63 (-10.54% year-to-date and -21.01% year-on-year basis). Sentiment was not the same for the Mining Index however as…

Cote d’Ivoire Equity Watch | 30 July 2015: BRVM Bourse close higher, market cap gains XOF 22 Bio

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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 Thursday, higher than the previous day. BRVM 10 index rose from 308.77 to 309.91 points, a gain of 0.37 percent. BRVM Composite index gained 0.29 percent to 300.46 against 299.58 points previously. The equity market capitalization rose by XOF 22.14 billion to close at XOF 7,414.46 billion relative to previous trading sessions’ market capitalization of…

Africa50 raises USD 830 million for infrastructure in Africa

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ABIDJAN, Côte d’Ivoire (Capital Markets in Africa) — Africa50, the new and innovative infrastructure investment platform promoted by the African Development Bank held its Constitutive General Assembly on the 29th of July 2015 in Casablanca, Morocco. Twenty (20) African countries and the African Development Bank have subscribed for an initial aggregate amount of USD 830 million in share capital. These founding African countries are Benin, Cameroon, Congo, Djibouti, Egypt, Gabon, Ghana, Ivory Coast, Madagascar, Malawi, Mali, Mauritania,…

Nigeria Equity Watch | 30 July 2015 : Market Capitalization Sheds N25.6bn…NSE ASI down 25bps

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Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equities market continued the bearish run as the NSE ASI shed 25bps to 30,426.18pts. Market capitalization declined N25.6bn to N10.4tn. Today’s trade was driven by major losses in Consumer goods and Banking counters such as NIGERIAN BREWERIES (-0.8%), GUINNESS (-1.7), GUARANTY (-1.7%) and FBN HOLDING (-3.7%) Market activity also declined as value slipped 4.1% to N4.2bn and volume reduced 30.7% to 154.2m units OANDO Improves 0.6%…

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