The Editorial Team

IFC is injecting $20 million in equity into Agrivision Africa

Lagos, Nigeria (Capital Markets in Africa) —The IFC is injecting $20 million in equity into Agrivision Africa to help finance its expansion program in Zambia bia investments in supply chain optimization, development of irrigated land and to restructure its balance sheet to the appropriate gearing level. Established in Mauritius, Agrivision focuses on large scale commercial farming through three subsidiaries in Zambia, twp of which are farms growing maize, soya beans and wheat while the third is…

Financial services firm gets $20m for Africa expansion

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Port Louis, Mauritius (Capital Markets in Africa): Mauritius-based financial services firm, afb, which provides innovative consumer and SME financial products, has signed a $20 million investment deal with GEMCORP, that enables the former to hasten its speed of growth within sub-Saharan Africa. A statement from afb, quoted the firm’s chief executive officer, Karl Westvig as saying that the deal will help them extend to a number of countries within the next five years. Currently, afb…

Cote d’Ivoire Market Watch | June 5th 2015: BRVM equity adds market cap of XOF 58 billion, indices up

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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, higher than the previous day. BRVM 10 index rose from 276.34 to 278.86 points, a gain of 0.91 percent. BRVM Composite index gained 0.86 percent to 273.47 against 271.13 points previously. Likewise, the equity market capitalization added XOF 57.8 billion to close at XOF 6,748.12 billion compared with previous trading sessions’ market capitalization of XOF…

Nigeria Market Watch | June 5th 2015: Nigerian All Share index closed the week positive, up 0.6%

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Lagos, Nigeria (Capital Markets in Africa):- The Nigerian All Share index closed the week positive, up 0.6% to close at 33,664.91pts. Market Capitalization also added N67.8bn berthing at N11.5tn. Today’s gain was consequent on appreciations in Banking and Oil & Gas counters — ZENITH BANK (+3.7%) and FORTE OIL (+3.8%) respectively. Market activities was mixed as volume traded softened 3.6% to close 198.4m units while value rose 14.2% to settle at N2.5bn. Divergent from yesterday’s performance,…

Nigeria’s central bank adjusts FX rate to 196.95 per dollar

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Lagos (Capital Markets in Africa): – Nigeria’s central bank adjusted its exchange rate peg to 196.95 naira to the dollar from the 197 it set in February after the currency’s value was eroded by the fall in oil prices, data on its website showed on Thursday. The bank adjusted the rate at which it sold hard currency this week, dealers said, noting that the change was too small to be considered a revaluation for the naira,…

Mauritius Market Watch | June 5th 2015: Mauritius equity market indices end the week on positive note

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market indices end in a positive territory today, the SEMDEX index went up by 0.16 percent to reach 1,970.79 points and the Sem-10 rose by 0.16 percent to 374.42 points. The market capitalization was recorded at MUR 219.108 billion and overall total volume trade recorded at 38.414 million and turnover amounted to MUR 50.867 million, mainly geared towards SBM Holdings which accounted for almost 70 percent…

Tanzania Market Watch | June 5th 2015: Tanzania equity market ends the week on positive note…

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Dar es Salaam, Tanzania (Capital Markets in Africa):- The Dar es Salaam Stock Exchange (DSEI) gained by 45.68 point or 1.63 percent to close at 2,739.56 point and market capitalization recorded at TZS 24,885.06 billion, an increase of TSZ 394 million. Likewise, the DSE TSI advanced by 75.18 points or 1.60 percent to close at 4778.39 points. Today, DSE recorded a total turnover of TZS 10,395.38 million from 796,501 shares traded in 67 deals compared…

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