The Editorial Team

Scatec Solar to build first large scale solar plant in Mali

BAMAKO, Mali (Capital Markets in Africa) — An historic agreement to Build-Own-and Operate West Africa’s first utility-scale solar power plant was signed here today by Norwegian company Scatec Solar and its partners, the Malian Ministry of Energy and Water and Electricité du Mali (EDM), the electricity utility of Mali. To be located near the ancient city of Segou in South-East Mali, 240 kms from Bamako, the 33 MW solar project is being developed in partnership…

Zimbabwe Market Watch | 10th July 2015: Zimbabwe industrial index ends with late surge, up 0.23 points, market cap adds US$10 mill but mining back in the red..

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Harare, Zimbabwe (Capital Markets in Africa):– The Zimbabwe Stock Exchange (ZSE) industrial index ended the week with a late surge today as the industrial index clawed back into the green pushing up market capitalization, however the Mining Index tumbled back into the red after rises in the previous days trading. The Industrial index was up 0.23 points from its previous days level of 144.63, increasing by 0.15 percent to end at 144.86 points, bringing the year-to-date to -11.01 percent and -23.27 for the year-on-year basis. The Mining…

Morocco Equity Watch | 10th July 2015: Morocco equity markets Indices bounce back with gains today, MASI rises 48.44 points and MADEX up 46.52 points…

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Casablanca, Morocco (Capital Markets in Africa):- Morocco equity markets indices bounced back with gains today with the MASI index ending the session up and the MADEX also up following on from its losses rendered in the previous days trading. The Moroccan benchmark stock index (measured as MASI Index) gained 48.44 points increasing by 0.50 percent to close at 9646.24 up from its previous close of 9586.97 recorded yesterday (taking the year-to-date performance to 0.27 percent). Equally, the Moroccan most active share index (MADEX) increased 0.59 percent or 46.52 points to close at 7,903.56 points up…

Nigeria Equity Watch | 10 July 2015 : Nigerian Bourse capped off a week of poor performance by extending its bearish run

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Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Bourse capped off a week of poor performance by extending its bearish run to the last trading day of the week. The All Share Index fell 0.1% to close at 31,729 points. The market was dragged by losses in UNILEVER (-5.0%), FORTE OIL (-2.8%) and NIGERIAN BREWERIES (-0.7%). A total of N8.8bn was lost by investors as market capitalization declined to N10.8tn. However, market activity was…

Nigeria Equity Watch | 9 July 2015 : Market still Bearish… ASI sheds 82bps

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Lagos, Nigeria (Capital Markets in Africa) — Sell-offs in the Nigerian Equities market moderated today causing the broader index to close at 31,768.23pts after dropping 82bps. Following the trend, market capitalisation also dipped N90.0bn to N10.8tn. The decline in index was due to the losses sustained in Oil & Gas and Consumer Goods blue chips — FORTE OIL (-5.0%) and GUINNESS (5.0%) respectively. Conversely, market activities measured by the volume and value of shares traded…

Botswana Equity Watch | 9th July 2015: Botswana equity markets DCI and LASI continue to rise, market cap increases by a further BWP 90 Mill…

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Gaborone, Botswana (Capital Markets in Africa):- Shares of Domestic companies listed on the BSE Equity Main Board continued on the up in Thursdays session as the DCI main and local LASI indices recorded further increases although the FCI again continued with no change. The market capitalisation also saw further increases, along with 7 price movements, helping to add to the positive sentiment which started earlier on in the week. The Botswana Domestic Composite Index (DCI) was up 20 points to close at BWP…

Cote d’Ivoire Equity Watch | 9 July 2015: BRVM equity market cap over XOF 7 trillion … BRVM Composite index gains 128bps

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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 282.38 to 287.46 points, a gain of 1.80%. BRVM Composite index gained 1.28% to 285.11 against 281.51 points previously. The equity market capitalization also added XOF 89 billion to close at XOF 7,035.34 billion relative to previous trading sessions’ market capitalization of XOF 6,946.33…

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