The Editorial Team

Cote d’Ivoire Market Watch | June 12th 2015: BRVM equities market cap lost XOF 27 billion today

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 274.84 to 274.07 points, a drop of 0.28%. BRVM Composite index lost 0.39% to 273.95 against 275.02 points previously. At the same time, the equity market capitalization lost XOF 26.31 billion to close at XOF 6,759.87 billion compared with previous trading sessions’ market capitalization…

Mauritius Market Watch | June 12th 2015: Mauritius equity market retracted its uptrend runs, market cap lost MUR 337 million

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market retracted its uptrend runs today, the SEMDEX index tumbled by 0.15 percent or 3.04 points to reach 1,975.05 points and the Sem-10 slide by 0.19 percent or 0.72 points to 376.10 points. The market capitalization was recorded at MUR 219.581 billion, by losing MUR 337 million (against MUR 219.918 billion recorded yesterday) and overall total volume trade recorded at 20.433 million and turnover amounted to MUR…

Tanzania Market Watch | June 12th 2015: Tanzania equity market rises by TSZ 28 billion today…

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Dar es Salaam, Tanzania (Capital Markets in Africa):- The Dar es Salaam Stock Exchange (DSEI) rose by 3.31 points or 0.11 percent to close at 2,816.20 points and market capitalization recorded at TZS 24,657.47 billion (an increase of about TSZ 28 billion against previous trade session market cap of TSZ 24,629.50). Likewise, the Tanzania Share Index advanced by 4.70 points or 0.10 percent to close at 4,731.74 points. Today, DSE recorded a total turnover of…

World Bank Group Approves $500 Million For Eastern Africa Development Corridor

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Nairobi, Kenya (Capital Market in Africa) —The World Bank Group has approved $500 million for the development of the transport and trade corridor in north-western Kenya and improve the livelihoods of the communities in Turkana and West Pokot counties. The World Bank Board of Executive Directors today approved the International Development Association (IDA)* credit for the East Africa Regional Transport, Trade and Development Facilitation Project, which will enhance regional competitiveness by improving the movement of goods and…

Egypt Market Watch | June 11th 2015: Egyptian equity markets further nose-dive by EGP 1.5 billion on thin liquidity

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Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices further nose-dive and end the week on a negative note, with the market capitalisation giving away nearly EGP 1.5 billion to close at EGP 489.388 billion (against EGP 490.888 billion recorded yesterday), as it was pressured by selling tendency of retail traders as well as local and Arab institutions. The benchmark index EGX30 drifted by 0.15 percent or 12.97 points to end the day at 8,626.46…

South African hedge funds show strength and maturity in 2015

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Johannesburg, South Africa (Capital Markets in Africa) — Over the last 12 months, the South African hedge fund industry has gone from strength to strength and there is growth in almost all areas. Preqin’s Hedge Fund Analyst online service shows that since June 2014, the number of South Africa-based funds has increased from 104 to 124, while the total assets managed by South Africa-based hedge funds has increased from just over ZAR41bn to around ZAR66bn….

Zimbabwe Market Watch | June 11th 2015: Zimbabwe industrial index continues in red, marginally falls of 0.01%

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Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index continued in red, by marginally losing 0.01 points (0.01 percent) to settle at 152.04 points. However, the market capitalization nearly reminded flat to close at US$ 3.965 billion. The market activity today recorded a turnover of US$538,079 exchanged in 22 traded securities in 40 trade transactions. Foreign investor buys US$331,176 and foreign sells US$215,000 today. Out of the 12 traded securities, ECONE WIRELESS Zimbabwe…

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