The Editorial Team |

African Renewable Energy Fund, successfully reaches final close at its target of US $200 million

Abidjan, Cote d’Ivoire, Capital Markets in Africa —The African Renewable Energy Fund (AREF), a dedicated renewable energy fund focused on sub-Saharan Africa, announced during the African Development Bank’s “Energy Week” that it successfully reached its final close at its hard cap, with US $200 million of committed capital to support small- to medium-scale projects, with investment at the final close from European Investment Bank (EIB) and the Global Energy Efficiency and Renewable Energy Fund (GEEREF), among…

Kenya Equity Markets | 24 Sep 2015: Kenya Stock Maintains Uptrend, All Share index 0.53% Higher

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Nairobi, Kenya Capital Markets in Africa — The equity market capitalization closed at KES 2,080 billion after adding KES 11.05 billion (c.US$105 million) or 0.53 percent from the market capitalization of KES 2,069 billion recorded at previous trading session. The Nairobi All Share Index added 0.53 percent or 0.78 points to end at 148.30 points and the Nairobi Securities Exchange (NSE20) index advanced by 15.28 points or 0.36 percent to close at 4,227.55 points. The FTSE NSE 15…

Mauritius Equity Markets | 24 Sep 2015 : SEMDEX Index, Market Cap Lower, SEM10 Index Higher …

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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 Thursday’s trading session. As a result the equity market capitalization closed lower at MUR 213.182 billion by losing MUR 9 million (US$251,397) relative to previous market capitalization of MUR 213.191 billion. However, the Mauritius All Share Index (SEMDEX index) marginally fell by 0.08 points to close at 1,914.32 and SEM10 index gained 0.12 percent…

Nigerian Banks’ Foreign Currency Liquidity Still Tight — Fitch Ratings

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LAGOS, Nigeria, Capital Markets in Africa — Cutting reserve requirements will not add liquidity to the Nigerian banking system because it releases no additional foreign currency (FC), says Fitch Ratings. Substantial government-related FC deposits are exempt from reserve requirements and have already been withdrawn from the system after the government ordered all public-sector deposits to be moved from commercial banks into the centralised Treasury Single Account (TSA) earlier this month. Nigeria’s Monetary Committee reduced mandatory…

South Africa Equity Markets | 23 Sep 2015 : South African Equity ends in Green As Reserve Bank Holds Rate …

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JOHANNESBURG, South Africa, Capital Markets in Africa —On Wednesday, South Africa equity markets ended in the positive momentum at the end of trading session. Johannesburg Stock Exchange (JSE) All Share index ended 1.06 percent or 528.54 points lower to close at 50,381.63 points. The JSE Top 40 index also added 538.33 points or 1.21 percent to end at 45,062.05 points. The JSE Financial sector index plummeted by 0.83 percent or 354.06 points to end at 43,163.82 points….

Ghana Equity Markets | 23 Sep 2015: Indices Marginally down, Investors lose US$ 0.2 Mill …

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Accra, Ghana Capital Markets in Africa — Ghana Stock Exchange equity markets continued to stay in the red district at the of Wednesday’s trading session. The equities market capitalization lost GHS 880,000 (about US$ 229,765) to close at GHS 62,339.27 million relative to market capitalization of GHS 62,340.15 recorded at previous trading session. The benchmark composite index lost 0.01 percent or 0.16 points to close the day at 2,039.07 points, representing a year-to-date performance 0f -9.82 percent. The financial Index sagged…

Kenya’s Economic Growth Robust and to Grow by 6.5% in 2015 — IMF

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Nairobi, Kenya, Capital Markets in Africa — Kenya’s economic growth has been robust despite headwinds from the global slowdown and ongoing domestic security problems, according to the International Monetary Fund (IMF) Country Report No. 15/269. However, the IMF revised its forecast for Kenya’s Gross Domestic Product (GDP) growth for 2015 from 6.9% to 6.5%, and trimmed 2016 figure from 7.2% to 6.8%. The Fund also revised inflation upwards to 6.4 percent from the previous projection of…

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