The Editorial Team |

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

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…

African Stock Markets Today: South Africa, Namibia, Nigeria Equities Higher … Uganda, Tunisia in Red ….

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Today’s Leaders South African JSE All Share Index surged by 1.43 percent to settle at 50,088.86 points and Namibia Overall Share Index rose by 1.34 percent to close at 960.69. Also Nigerian All Shares Index ended at 31217.77 after adding 1.27 percent, Tanzania All Share Index climbed by 0.69 percent at 2531.08 and Ghana Composite Index closed at 2,005.82 points by adding 0.42 percent. Other gainers were BRVM Composite Index (+0.35 percent at 297.73 points), Swaziland All…

South Africa Equity Markets | 30 Sep 2015: South Africa’s Equity Indices Higher, Gold sector index lower ..

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JOHANNESBURG, South Africa, Capital Markets in Africa —Johannesburg Stock Exchange (JSE) All Share index finished 1.43 percent or 704.93 points higher to close at 50,088.86 points. The JSE Top 40 index also gained 721.72 points or 1.63 percent to end at 44,881.18 points. The JSE financial sector index surged by 1.16 points to end at 42,683.43 points. Both Industrial and Industrial 25 sector indexes higher by 1.65 percent to close at 74,745.80 points and added 1.65 percent to settle at 67,168.54…

Nigerian Equity Markets | 30 Sep 2015: Nigerian Equities Stays Bullish Ahead of ‘The List’ …NSE ASI up 1.3%

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market sustained its upward trend at the close of trading today as massive buying activity in some blue chip stocks few minutes to the close of trading lifted the Benchmark index 1.3% higher to close at 31, 217.7pts. As a result MTD return settled at 5.2% while YTD return eased to –9.9%. The major stocks that drove market performance were DANGOTE CEMENT (+4.7%), ACCESS (+2.6%)…

Abraaj Group partners with Egyptian education provider Tiba

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Cairo, Egypt, Capital Markets in Africa — The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced a partnership, through its second generation North Africa Fund (‘ANAF II’), with Tiba Group (‘Tiba’ or the ‘Company’), an education service provider in Egypt. Tiba operates across three verticals and through seven educational institutions in Egypt, serving approximately 20,000 students. The Group also announced the formation of an Education Management Company that…

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