The Editorial Team

Mauritius Market Watch | June 2nd 2015: Mauritius equity market indices maintains positive trend

Port Louis, Mauritius (Capital Markets in Africa):-Mauritius equity market indices maintained upwards trend during today’s session. The Semdex gained 0.17 percent to 1956.99 points and the SEM-10 rose by 0.19 percent to 370.81 points. With regard to market shakers, overall total market turnover amounted to MUR 50.8 million mainly geared towards SBM Holdings which accounted for 53.4 percent of total market turnover. SBM Holdings traded flat at MUR 0.93 on 29.2 million shares. MCB Group…

Kenya Market Watch | June 2nd 2015: Kenyan equity market end in mixed mood…

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Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE20) index plummeted by 29.92 points to 4,816.66 points but Nairobi All Share Index gained 2.12 points to close at 164.25. However, the FTSE NSE 25 and FTSE NSE 15 indices remained unchanged to close the day at 218.46 and 218.09 points respectively. The market capitalization was recorded at KES 2,297.46 billion. Looking at the market activities, total volume of shares traded dropped by 67.63 percent…

Cote d’Ivoire Market Watch | June 2nd 2015: BRVM stock market gains XOF 54 billion and indices rise

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Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) BRVM closed its trading session this Tuesday, higher than the previous day. BRVM 10 index rose from 273.46 to 276.13 points, a gain of 0.98%. BRVM Composite index gained 0.82% to 269.66 against 267.48 points previously. The equity market capitalization added XOF 54 billion to close recorded at XOF 6,600.34 billion. Looking at the market activity, today trading activity improved…

New Nigeria administration may miss electoral commitments

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New York (Capital Markets in Africa) — The New Nigerian administration could miss most of its electoral commitments. Credit Suisse indicated that President Muhammadu Buhari and the new All Progressives Congress (APC)-led government face some immediate challenges that include a widening fiscal deficit, substantial debt maturities, oil-sector problems, and instability in the north of the country. It considered that the new administration is unlikely to deliver many of its major campaign promises in the near term…

African Infrastructure Developers Propose Solutions for Tapping Billions in Investor Interest

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Cape Town, South Africa (Capital Markets in Africa) —High quality infrastructure project development with the support of an improving enabling environment in Africa holds the potential to unlock billions in new private investment. Africa’s high growth and huge development potential hinge on building and expanding modern infrastructure, and private investors are more willing than ever to fund strong projects on the Continent under the right conditions, according to experts who gathered in Cape Town today…

IFC, Central Bank of the Congo Launch Swap Facility for Private Sector Financing

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Kinshasa, Democratic Republic of Congo (Capital Markets in Africa), — IFC, a member of the World Bank Group, and the Central Bank of Congo signed an agreement that enables IFC to swap U.S dollars for Congolese francs. IFC will use the swap to make franc-denominated investments in the local private sector, supporting the country’s efforts to increase the use of local currency in the economy. The Democratic Republic of Congo’s economy is dollarized. This means that…

NEPAD: Top global and African CEOs launch infrastructure business network

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Cape-Town, South Africa (Capital Markets in Africa) — Top global and African Chief Executive Officers today launched a Continental Business Network (CBN) to fast-track high-level private sector investment into Africa’s regional infrastructure. The launch of the CBN on the side-lines of the World Economic Forum on Africa in Cape Town, South Africa, is the mandated follow-up and implementation of recommendations emanating from the Dakar Financing Summit (DFS), hosted by Senegal’s President Macky Sall. CEO of the…

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