The Editorial Team

Nigeria MPC Meeting: Economists Say Slow Growth, High Inflation, Naira Value Will Top Agenda

When members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) meet for their 244th meeting in Abuja tomorrow, economic experts believe the key policy considerations will be the current stagnation in the nation’s growth rate, high inflation, naira volatility, precarious state of the nation’s external reserves and anxiety over the policy thrust of the incoming administration. Speaking in separate interviews, the economic experts also explained that although the committee may not want to…

Egypt Market Watch | May 17th 2015: EGX indices slip and market cap EGP 960m down

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Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices open the week on a negative mood, while market capitalization lost nearly EGP 960 million to close at EGP 481.727 billion. On similar note, Sunday’s traded volume amounted to 158.3 million shares, exchanged at turnover of EGP 352.214 million. Foreign investors were net buyers by EGP 44.4 million while National and Arab traders were net sellers by EGP 21.4 million and EGP 23.1 million, respectively….

Kenya to privatise sugar firms to regional African investors

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Nairobi, Kenya (Capital Markets in Africa):- Investors across East Africa will own a stake in five Kenya government-owned sugar companies to be privatized over the next 12 months, reports The East African News. The Privatisation Commission announced on Friday, 5 May that the five sugar companies — Nzoia, South Nyanza, Chemelil, Muhoroni and Miwani — will be sold in phases to strategic investors and out grower companies through an initial public offering. Under Kenyan law,…

Morocco Market Watch | May 15th 2015: Moroccan equity marginally up..

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Casablanca, Morocco (Capital Markets in Africa):- Morocco’s benchmark stock index (MASI Index) marginally rose by 0.06 percent to close at 9,851.75 points (2.41 percent year-to-date performance) with total market capitalization at MAD 498.269 billion and market activities measured as total traded value was closed at MAD 26.781 million. Likewise, Moroccan most active share index (MADEX) closed at 8,133.42pts (slightly advanced by 0.07 percent compared to previous trading day). In addition, FTSE CSE Morocco 15 Index gained…

Nigeria auctioned 60 billion naira bonds on Wednesday

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Lagos, Nigeria (Capital Markets in Africa):- Bond auction worth N60.0bn for the month of May held on Wednesday for the re-opening of FEB 2020, MAR 2024 and JULY 2034 instruments at N20.0bn. The short, medium and long term bonds re-opened were all oversubscribed with the total N60bn fully allotted. Relative to the auction held in April, marginal rates at the primary market auction on Wednesday fell across tenors on offer. The FEB 2020, MAR 2024…

Nigeria Market Watch: Week Ending 15th May, 2015

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Weekly Equities Market Review and Outlook After posting marginal losses on all trading days in the previous week, the All Share Index (ASI) showed mixed performances this week. Though the index recorded declines on the first two trading days this week, the equities market closed the week positive (+0.1%) W-o-W as bargain hunting positioning drove the index northwards in the last three trading days of the week. Market capitalization also added N18.6bn W-o-W to settle…

Mauritius Market Watch | May 15th 2015: Mauritius equity extends the gains..

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Port Louis, Mauritius (Capital Markets in Africa):-Stock Exchange of Mauritius indices were up during the session mainly on the back of Mauritius Commercial Bank (MCB) Group which went up after announcing a profit surge of 91.4% for the quarter ended 31 March 2015. The Semdex and the SEM-10 gained 0.56% and 0.58% respectively. Market turnover was mainly geared towards Mauritius Commercial Bank (MCB) Group and CIEL Group which together accounted for 76.9% of total value traded. MCB Group saw a cross…

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