The Editorial Team |

The AfDB injects US$14.4 million to boost industrial competitiveness in Côte d’Ivoire

Abidjan Cote D’Ivoire, Capital Markets in Africa — The African Development Bank (AfDB) formally approved a grant of 8.226 billion CFA francs (approximately US $14.4 million) to Côte d’Ivoire from the African Development Fund (ADF) to fund the Support to Industrial Competitiveness Enhancement Project (PARCSI). This project forms part of a broader AfDB assistance package to support implementation of the country’s restructuring programme, which includes efforts to modernise businesses and update Côte d’Ivoire’s export strategy….

Cote D’Ivoire Equity Markets | 01 Oct 2015: Bullish mood continues, investors smile home with US$107 Million …

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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 Thursday higher than the previous day. BRVM 10 index rose from 299.03 to 300.26 points, a gain of 0.41 percent. BRVM Composite index gained 0.39 percent at 299.21 points against 298.06 points previously. The equity market capitalization added XOF 62 billion (about US$107 million) to close at XOF 7,383 billion relative to previous trading sessions’…

Kenya Equity Markets | 01 Oct 2015: NSE Equity Market Capitalization US$170 Million down ..

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Nairobi, Kenya Capital Markets in Africa — The Nairobi Securities Exchange backed to negative zone after a day in the positive region yesterday. The equity markets capitalization closed at KES 2,046 billion after losing KES 17.82 billion (c.US$170.2 million) or 0.84 percent from the market capitalization of KES 2,063 billion recorded at previous trading session. The Nairobi All Share Index sagged by 0.86 percent or 1.27 points to end at 145.65 points and the Nairobi Securities Exchange (NSE20)…

Morocco Equity Markets | 01 Oct 2015: Negative Sentiment Persists on Equity trading, Market Loses US$106 Mill …

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Casablanca, Morocco, Capital Markets in Africa — Negative sentiment continued to rule the equity trading at the end of today’s (1st October 2015) trading session. The Moroccan benchmark stock index (measured as MASI Index) plunged by 0.19 percent to close at 9,096.82 points (with a year-to-date performance to -5.26 percent) with total market capitalization at MAD 457.400 million (a reduction of MAD 1.03 billion or US$106 million relative to previous market capitalization of MAD 458.429). The…

AfDB approves US$428 million in energy and infrastructure, transport and water projects in eight African countries

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Abidjan Cote D’Ivoire , Capital Markets in Africa — The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, September 30, 2015 approved combined loans and grants amounting to US $428.43 million to finance projects in energy, infrastructure, transport and water and sanitation in eight African counties – Ghana, Tanzania, Zimbabwe, Guinea Bissau, Guinea, Senegal and Côte d’Ivoire. Under the approvals, Ghana Airports Company Ltd. will receive a loan of US $120…

Mauritius Equity Markets | 01 Oct 2015 : Positive Trends on Mauritius Equity Markets, indices higher …

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PORT LOUIS, Mauritius, Capital Markets in Africa — On Thursday, the Mauritius equity markets trading ended in the North Pole region after two days in the southern region. The equity market capitalization closed ending at MUR 213.239 billion after gaining MUR 487 million (about US$13.5 million) compared to a previous market capitalization of MUR 212.752 billion. The Mauritius All Share Index (SEMDEX index) surged by 0.23 percent or 4.37 points to close at 1,914.84 and SEM10 index…

African Stock Market Sept & Q3 2015 Report: Nigeria Local Champ, Uganda Foreign Favourite, BRVM Q3 Winner

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Lagos, Nigeria Capital Markets in Africa — African stock markets performance measured by country equity benchmark index returns ended in negative for the month of September, with eight gainers and ten laggards on the local currency basis. Still on local basis return, the September average return of -0.6 percent was recorded across eighteen African equity indices and September monthly returns ranges from -7.4 percent recorded by the Namibian equity markets (measured by Namibia Overall Index) to +8.1 percent registered…

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