The Editorial Team |

Gambia’s economy faces severe economic risks says IMF

Banjul, Gambia, Capital Markets in Africa — Gambia’s economy faces serious risks from a worsening budget, rising inflation and tight interest rates, the International Monetary Fund (IMF) said in a statement on Monday. According to the IMF, which lent Gambia US$10.8 million in April 2015, attributed policy inconsistencies undermined the country’s ability to meet external obligations. Furthermore, the Bretton-wood institution stressed that in the absence of corrective policies, Gambia’s external viability and fiscal sustainability could be…

Tanzania Equity Markets | 21 Sep 2015 : Dar es Salaam Stock Exchange equity market closes in the red zone, lose US$105 Million …

Posted on by The Editorial Team

DAR ES SALAAM Tanzania, Capital Markets in Africa — On the first day of the week, the Dar es Salaam Stock Exchange equity market closed in the red zone, after market capitalization and All Share index lower. The equity market capitalization lost TZS 227 billion (about US$105 million) to end at TZS 22,274 billion relative to market capitalization of TZS 22,501 billion recorded at previous trading session. The Dar es Salaam Stock Exchange index (DSEI)…

Nigerian Equity Markets | 21 Sep 2015: Equity Benchmark Index Dips at Close of Market…ASI down 22bps

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market opened the week on a negative note. Intraday analysis of the index indicated that trading activities for the day commenced positive but took a sharp dip few moments before the closing gong on account of sell pressure on DANGOTE CEMENT (-0.6%). The benchmark index shed 0.2% and closed at 30,265.90pts. Furthermore, market capitalization decreased N20.7bn to N10.4tn at the close of trade. In like…

Cote D’Ivoire Stock Markets | 21 Sep 2015: BRVM Equity Market Capitalization adds US$96 Mill …

Posted on by The Editorial Team

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Monday, lower than the previous day. BRVM 10 index decreased from 292.88 to 291.46 points, a drop of 0.48 percent. BRVM Composite index lost 0.47 percent to 292.58 against 293.97 points previously. The equity market capitalization sagged by XOF 34 billion (about US$96 million) to close at XOF 7,220 billion relative to previous trading sessions’…

APR Energy Commissions New Botswana Project, Senegal Expansion

Posted on by The Editorial Team

APR Energy, a global leader in fast-track power solutions, today announced that it has successfully completed the installation and commissioning of its new two-year, 35MW project for Botswana Power Corporation and the 48MW expansion of its existing project for Senelec, Senegal’s national electric utility. “I want to congratulate our installation and commissioning teams for demonstrating our commitment to operational excellence and customer satisfaction by quickly bringing this new capacity on line,” said Chief Executive Officer…

Kenya Equity Markets | 21 Sep 2015: NSE ends in red, All Share 0.0.5% down, NSE20 0.14% lower, market cap US$5 Million Short

Posted on by The Editorial Team

Nairobi, Kenya Capital Markets in Africa — The bear experienced in the last trading session was carried forward to begin the first day of the week on a negative note. The equity market capitalization ended at KES 2,065.5 billion after sagging by KES 500 million (c.US$4.74 million) or 0.024 percent from the market capitalization of KES 2,066 billion recorded at previous trading session. The Nairobi All Share Index marginally advanced by 0.05 percent or 0.08 points to end…

Morocco Equity Markets | 21 Sep 2015: The bullish mood opens the Equity Markets, investors US$102 Million Richer …

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa — At the beginning of the week, Casablanca Bourse equity trading closed in the positive sentiment. The Moroccan benchmark stock index (measured as MASI Index) surged by 0.27 percent to close at 9,087.24 points (with a year-to-date performance to -5.54 percent) with total market capitalization at MAD 465.523 billion (an increase of MAD 982 million or US$102 million relative to previous market capitalization of MAD 464.541). The market activity…

« 1 … 1,000 1,001 1,002 1,003 1,004 … 1,070 »