The Editorial Team |

Mauritius Equity Markets | 21 Sep 2015 : Stock Exchange of Mauritius starts in positive moods, investors gain US$6.4 Mill …

PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius began the week on a positive momentum and the equity market capitalization closed at MUR 213.725 after gaining MUR 230 million (US$6.4 million) relative to previous market capitalization of MUR 213.495 billion. The Mauritius All Share Index (SEMDEX index) surged by 0.11 percent or 2.07 points to close at 1,919.20 points and SEM10 index closed at 366.10 points after adding 0.26 percent or 0.96 points. From…

AfricInvest to exit investment in Alios Finance S.A.

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Tunis, Tunisia, Capital Markets in Africa — AfricInvest is pleased to announce that its fund AfricInvest Ltd., acting as lead investor, alongside FMO (the Dutch development bank), Finnfund (Finnish Fund for Industrial Cooperation Ltd.), Bank of Africa Group (a pan-African bank majority-owned by BMCE bank of Morocco) and Gras Savoye (a French insurance broker), has completed the sale of its 59.34% equity stake in Alios Finance S.A. to TLG Finance, a holding company controlled by…

Islamic Finance in Africa: A Promising Future — ICD

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JEDDAH, Kingdom of Saudi Arabia, Capital Markets in Africa — A newly-released report “Islamic Finance in Africa: A Promising Future” by the Islamic Corporation for the Development of the Private Sector (ICD) takes an in-depth look at the tremendous growth opportunities for Islamic finance to flourish in the region. The new report was released during the Africa Islamic Finance Forum 2015 in Abidjan. The report is being published as the global banking community comes together…

Nigerian Equity Markets | 18 Sep 2015: Equity Market Retreats to end in bear … NSE ASI down 0.2%

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Lagos, Nigeria, Capital Markets in Africa — After adding 0.2% each in the last two consecutive sessions, the All Share Index ended the week in the red, declining 0.2% to close the week at 30,332.68pts. Equally, market capitalisation fell N26.5bn to settle at N10.4tn for the week. Today’s decline was majorly driven by losses in DANGCEM (-1.8%), OANDO (-4.7%) and STANBIC (-1.6%). On the contrary, market activities closed the week up as volume and value…

Nigerian MPC At a Crossroad; Between Domestic Stability and External Balance

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian Monetary Policy Committee (MPC) will be sitting for its 5th session this year between 21st and 22nd September 2015 to review developments in the global and domestic economy, together with the financial market since its last meeting (23rd and 24th July 2015). It is expected that deliberation at the meeting will center on the slowing domestic growth, persistent exchange rate uncertainty, increasing risk perception in the local…

Cote D’Ivoire Stock Markets | 18 Sep 2015: BRVM Equity marginally falls, Financial sector index 0.95% higher

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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 Friday, marginally lower than the previous day. BRVM 10 index decreased from 293.11 to 292.88 points, a drop of 0.08 percent. BRVM Composite index lost 0.02 percent to 293.97 against 294.02 points previously. The equity market capitalization sagged by XOF 1.08 billion (about US$1.9 million) to close at XOF 7,254 billion relative to previous trading…

South Africa Equity Markets |18 Sep 2015: Johannesburg Stock Exchange (JSE) All Share index lower, Gold miner adds 3.65 percent …

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JOHANNESBURG, South Africa, Capital Markets in Africa — Today the South Africa equity markets returned to the red zone. Johannesburg Stock Exchange (JSE) All Share index ended 1.03 percent or 528.99 points lower to close at 51,044.58 points. The JSE Top 40 index also plunged by 521.46 points or 1.13 percent to end at 45,616.07 points. The JSE Financial sector index fell by 0.75 percent or 328.60 points to end at 43,527.82 points. Both Industrial and industrial 25 sector indexes lower…

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