The Editorial Team |

AfDB approves US $141.71million for the Dar es Salaam Bus Rapid Transit System Project

Dar es Salaam, Tanzania, Capital Markets in Africa — The Board of Directors of the African Development Bank Group approved on Wednesday, September 30, 2015, two loans totaling US $141.71 million to finance the second phase of the Dar es Salaam Bus Rapid Transit (BRT) System Project. The US $97.42-million loan from the AfDB market window and the US $44.29-million loan from the Africa Growing Together Fund (AGTF)* will support Tanzania Government’s efforts to decongest…

AfDB supports improved electricity access in Guinea, Guinea-Bissau, Gambia and Senegal

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Abidjan Cote D’Ivoire , Capital Markets in Africa — The African Development Bank approved on Wednesday, September 30, 2015 a €121.5-million [1] package to the Gambia River Basin Development Organization (OMVG) to improve electricity access and provide renewable, clean and affordable energy in The Gambia, Guinea, Guinea-Bissau and Senegal. Electricity supply in the OMVG region is limited, unreliable and costly. Access rates vary from 12 percent in Guinea, 19 percent in Guinea-Bissau, 35 percent in…

South Africa Equity Markets | 01 Oct 2015: JSE finishes higher led by commodity shares …

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JOHANNESBURG, South Africa, Capital Markets in Africa —On Thursday, Johannesburg Stock Exchange (JSE) All Share index ended 0.85 percent or 427.72 points higher to close at 50,516.58 points. The JSE Top 40 index also added 371.59 points or 0.83 percent to end at 45,252.77 points. The JSE financial sector index surged by 1.44 percent to end at 43,297.81 points. Both Industrial and Industrial 25 sector indexes higher by 0.46 percent to close at 75,092.86 points and added 0.41 percent to…

Tanzania Equity Markets | 01 Oct 2015: Negative Momentum Return Again, All Share Index 0.72% Lower …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — Tanzania Dar es Salaam Stock Exchange equity market at the end of Thursday’s trading session. The equity market capitalization sagged by TZS 158 billion (about US$74 million) to end at TZS 22,008 billion relative to market capitalization of TZS 22,166 billion recorded at previous trading session. The Dar es Salaam Stock Exchange index (DSEI) fell by 18.21 points or 0.72 percent to end at 2,512.08 points….

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

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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)…

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