The Editorial Team

Kenya Equity Watch | 27 July 2015: the bear triumphs at Nairobi Securities Exchange, Kenya … market cap drop by US$21 million

Nairobi, Kenya (Capital Markets in Africa) —On Monday, at the Nairobi Securities Exchange trading floor the bear triumphed. The market capitalization fell by KES 2.13 billion (about US$21 million) to end at KES 2,142.84 billion relative to market capitalization of KES 2,144.97 billion recorded at previous trading session. As the time, the Nairobi Securities Exchange (NSE20) index sagged by 39.15 points or 0.86 percent to close at 4,539.47 points and the Nairobi All Share Index tumbled…

Audi Bank earns $202m in Half-year

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Cairo, Egypt (Capital Markets in Africa) — Audi Bank posted a 7% rise in its consolidated net earnings for the six-month period ended 30 June 2015. H1 earnings reached $202 million (EGP 1.6 billion), the lender said in a press statement. Customer deposits totalled nearly $36.1 billion, and total loans reached approx. $17 billion. In addition, shareholders’ equity reached nearly $3 billion.

Egypt: Americana Egypt posts 47% drop in Half-year profits

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Cairo, Egypt (Capital Markets in Africa) — Egyptian Co. for International Tourism Projects (Americana Group-Egypt) reported a 47% drop in its consolidated earnings for the six-month period ended 30 June 2015. The earnings reached EGP 65 million ($8.3 million), compared with EGP 122.8 million ($15.7 million) in the year-ago period. H1 sales amounted to EGP 1.24 billion, compared with EGP 1.03 billion in the year-ago period. The standalone net earnings reached EGP 66.71 million, compared…

Orange increases its capital interest to 49% in Méditel

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PARIS, France (Capital Markets in Africa) — Fipar-Holding (the Moroccan Caisse de Dépôt et de Gestion group), FinanceCom and Orange signed the final documentation today increasing Orange’s interest in Méditel, the Moroccan telecommunications operator, in application of the agreements they signed in December 2010. Through this transaction, Orange has acquired an additional 9% of Méditel’s capital and benefits from the rights set out in the December 2010 agreements. As a result, Orange now holds 49% of…

Tanzania Equity Watch | 24 July 2015: Dar es Salaam Stock returned to bull … Market Cap gains US$100 Mil

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Dar es Salaam, Tanzania (Capital Markets in Africa):- The Dar es Salaam Stock Exchange ended the week on a positive note. The Dar es Salaam Stock Exchange index (DSEI) surged by 23.84 points or 0.93 percent to close at 2,581.71 points and the Tanzanian domestic Share Index rose by 21.73 points or 0.48 percent to close at 4,540.77 points. Likewise, industrial & Allied sector index climbed by 36.70 points or 0.61 percent to settle at 6,065.23…

Kenya Equity Watch | 24 July 2015: Kenya equity markets ended in red despite President Obama’s visit to Kenya

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Nairobi, Kenya (Capital Markets in Africa) — On Friday, Kenya equity markets ended in red in spite of President Obama’s visit to Kenya and Nairobi Securities Exchanges closed early today. The market capitalization fell by KES 15 billion to end at KES 2,144.97 billion relative to market capitalization of KES 2,160.06 billion recorded at previous trading session. As the time, the Nairobi Securities Exchange (NSE20) index sagged by 39.04 points or 0.86 percent to close at 4,500.43…

South Africa Market Watch | 24 July 2015: South African markets sink as confidence wains … JSE All 1.89% down

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Johannesburg, South Africa (Capital Markets in Africa) — On Friday, blood prevailed as the Johannesburg Stock Exchange (JSE) All Share decreased by 880.94 or 1.89 percent to close at 51,356.08 points. The JSE Top 40 index plunged by 1.70 percent or 790.78 points to end at 45,858.45 points. The financial sector index tumbled by 1.28 percent or 582.69 points at 44,998.25 points. Both Industrial sector index and industrial 25 index went down 1.46 percent to close at 74,939.22 points and 1.46 percent to…

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