The Editorial Team |

Morocco Equity Markets | 23 Sep 2015: Casablanca Bourse in Eid al-Adha moods, Rewards investors US$430 Million …

Casablanca, Morocco, Capital Markets in Africa — Morocco Equity Markets maintained the positive sentiment. The Moroccan benchmark stock index (measured as MASI Index) surged by 1.12 percent to close at 9,219.13 points (with a year-to-date performance to -4.17 percent) with total market capitalization at MAD 470.636 billion (an increase of MAD 4.2 billion or US$430 million relative to previous market capitalization of MAD 466.470). The market activity measured as total traded value was recorded at…

Mauritius Equity Markets | 23 Sep 2015 : Mauritius equity trading activities quiet, Indices unchanged

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Bullish momentum returned to the Stock Exchange of Mauritius equity trading at the end of Wednesday’s trading session. As a result the equity market capitalization closed higher at MUR 213.191 by gaining MUR 2 million (US$56,022) relative to previous market capitalization of MUR 213.189 billion. However, the Mauritius All Share Index (SEMDEX index) and SEM10 index remained steady to close at previous level of 1,914.40 and 364.83 points respectively….

South African Reserve Bank Keeps Repurchase Rate at 6.00 percent

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Johannesburg, South Africa, Capital Markets — The South African Reserve Bank Monetary Policy Committee (MPC) has unanimously decided to keep the repurchase rate unchanged at 6.0 percent, according to statement released by the Lesetja Kganyago, Governor of the South African Reserve Bank. The statement stated that inflation outlook remains a concern for the Monetary Policy Committee, with the risks to the forecast assessed to be on the upside. Although two breaches of the target are…

Central Bank of Nigeria Keeps Benchmark Rate at 13 percent

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Lagos, Nigeria, Capital Markets in Africa — On 22 September 2015, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting was held where the MPC resolved to reduce the cash reserve requirement (CRR) to 25 percent from 31 percent, retain the monetary policy rate (MPR) at 13 percent, with the symmetric corridor of 200 basis points around the MPR, and retain the liquidity ratio at 30 percent. The MPC decisions were based on…

The Republic of the Congo calls on technical expertise from IGN France International

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Brazzaville, Congo, Capital Markets in Africa — The Ministry for Home Affairs and Decentralisation of the Republic of the Congo has called on IGN France International to accompany them in their meetings with the border commissions of neighbouring countries. The project officially started on 2 September 2015 with the launch meeting held in Brazzaville and is expected to last for one year. An exact knowledge of their land is an essential element for any…

Kenya’s Monetary Policy Committe retains Policy Rate at 11.50 percent

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Nairobi, Kenya, Capital Market in Africa — At the end of the September 22nd 2015 Monetary Policy Committee (MPC) meeting, the MPC kept the policy rate (Central Bank Rate — CBR) at 11.5 percent, with intention to keep inflation in control which was trending towards the five percent target. The benchmark interest rate, was kept unchanged for the third time after it was raised in July by 150 basis points to current level. The MPC, also…

South Africa Equity Markets | 22 Sep 2015 : Bear sentiment persists, All Share index 1.74% lower …

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JOHANNESBURG, South Africa, Capital Markets in Africa —The South Africa equity markets continued to stay in the red district at the end of today’s trading session. Johannesburg Stock Exchange (JSE) All Share index ended 1.74 percent or 884.05 points lower to close at 49,853.09 points. The JSE Top 40 index also fell by 856.20 points or 1.89 percent to end at 44,523.72 points. The JSE Financial sector index sagged by 0.86 percent or 371.92 points to end…

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