The Editorial Team

Botswana Market Watch | June 1st 2015: Botswana equity market starts June with positive trend.

Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index starts the week on a positive trend, adding 0.03 percent to extend its year-to-date growth by 10.59 percent. However, the foreign composite index remained flat to close at 1,569 points and year-to-date return is still in the red. The equity market capitalization gained BWP 608 million to end the day at BWP 382,197. From the market activity viewpoint, the markets started the start day of the week with a snail’s…

Côte d’Ivoire: Economic growth at 7.7% in 2015 and 7.8% in 2016, net FDI at 2.9% of GDP

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Abidjan, Côte d’Ivoire (Capital Markets in Africa) — The International Monetary Fund (IMF) projected Côte d’Ivoire’s real GDP to grow at 7.7% in 2015 and at 7.8% in 2016 compared to a growth rate of 7.5% in 2014. In parallel, it forecast growth at 4.5% in 2015 and 5.1% in 2016 for Sub-Saharan Africa (SSA), and at 6% in 2015 and 6.2% in 2016 for the West African Economic and Monetary Union, to which Côte…

Ethiopia’s favourable growth prospects and low debt burden support B1 rating says Moodys

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Addis Ababa, Ethiopia (Capital Markets in Africa) :- Ethiopia’s (B1 Stable) government bond rating is supported by its strong growth prospects, prudent fiscal management and large and stable donor inflows, Moody’s Investors Service says in its latest credit analysis of the country today. However, Ethiopia’s relatively small economy, low per capita income and weak institutional strength all constrain the rating. The report is now available on www.moodys.com. Moody’s subscribers can access this report via the link…

Moody’s Affirms Zambia’s B1 Sovereign Rating, Changes Outlook to Negative

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Lusaka, Zambia (Capital Markets in Africa) — Global rating agency Moody’s has downgraded Zambia’s economic outlook rating from stable to negative on account of deteriorating debt metrics,” as evidenced by a rapidly rising debt burden and increasing debt servicing costs” amongst other drivers. In a statement, Moody’s observed that there was a trend of missed fiscal targets that point to high execution risks for the current deficit reduction plan to arrest the upward debt trajectory,…

AfDB funds USD 70.5 million for Tanzania’s power sector reform and governance support programme

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Dar Es Salaam, Tanzania (Capital Markets in Africa):– Power sector reform and a governance support programme are central to the African Development’s actions to accompany Tanzania’s economic growth. It is in line with this, that the Permanent Secretary in the Ministry of Finance of the United Republic of Tanzania, Servacius Likwelile and the African Development Bank’s Vice-President, in charge of Agriculture, Water, Human Development, Governance and Natural Resources, Aly Abou-Sabaa signed a USD 70.5 million loan accord…

Moody’s: Mauritius’s diversified and resilient economy support rating; fiscal challenges

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Port Louis, Mauritius (Capital Markets in Africa) — Mauritius’s small yet diversified economy, good record of attracting investment and its resilience against external shocks underpin its Baa1 (Stable) government bond rating, Moody’s Investors Service said in its latest credit analysis of the country published this week. The Mauritian authorities’ key challenges are to continue to foster domestic and foreign investment, maintaining the country’s financial stability and consolidating the public finances to help meet its government…

Ghana Market Watch | May 29th 2015: Ghanaian benchmark index marginally adds 4bps

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Accra, Ghana (Capital Markets in Africa):- Ghana equity benchmark composite index rose by 1.02 points to end the day at 2,362.63, representing a year- to- date return of 4.49 percent. The Financial stock index also trimmed 5.63 points to 2,416.70 with a year-to-date return of 7.71 percent. Trading activity on the stock market was impressive with demand by bargain investors leading to gains in nine equities. Fan Milk Limited Ghana led nine movers climbing GHS 0.21 to GHS 5.54. Also, five equities gained…

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