The Editorial Team |

Synergy Capital Private Equity Fund closes at US$00 million

Lagos, Nigeria, Capital Markets in Africa — Synergy Private Equity Fund I (SPEF) LP is pleased to announce the final close of its fund. The fund closed above its initial hard cap of $100m on September 9, 2015 ahead of the first anniversary of its first close, which was on September 12, 2014. Fundraising for SPEF, a Mauritius domiciled fund focused on mid- sized investments in high growth sectors in Nigeria and Ghana commenced in…

Egypt central bank keeps its interest rates unchanged at 9.75 percent

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Cairo, Egypt, Capital Markets in Africa — In its meeting held on September 17, 2015, the Central Bank of Egypt (CBE) Monetary Policy Committee (MPC) decided to keep the overnight deposit rate, overnight lending rate, and the rate of the CBE’s main operation unchanged at 8.75 percent, 9.75 percent, and 9.25 percent, respectively. The discount rate was also kept unchanged at 9.25 percent. According to the statement issued by the CBE, the headline Consumer Price…

Nigerian Equity Markets | 17 Sep 2015: Nigerian Market Extends Gains to Day-2 …NSE ASI Up 17bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian Bourse sustained an uptrend for the second consecutive day as the All Share Index advanced 0.2% to close trading for the day at 30,410. 39 points. The positive performance was majorly driven by rallies in top banking counters; such as ZENITH (+2.3%) and GUARANTY (+0.4%), and UACN (+4.8%) the Conglomerate space giant. In the same vein, market capitalization increased N16.4bn to berth at N10.5tn. Activity level…

Kenya Equity Markets | 17 Sep 2015: Equity market capitalization ends at KES 2.1 trillion by losing KES 5.5 billion ….

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Nairobi, Kenya Capital Markets in Africa — The equity market capitalization closed at KES 2,083 billion by losing KES 5.5 billion (c.US$52 million) or 0.26 percent from the market capitalization of KES 2,088 billion recorded at previous trading session. The Nairobi All Share Index sagged by 0.27 percent or 0.40 points to end at 148.28 points and the Nairobi Securities Exchange (NSE20) index slumped by 8.32 points or 0.20 percent to close at 4,248.95 points. The FTSE NSE…

Cote D’Ivoire Stock Markets | 17 Sep 2015: BRVM close lower, equity investors lose US$88 Mill …

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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, lower than the previous day. BRVM 10 index decreased from 295.16 to 293.11 points, a drop of 0.69 percent. BRVM Composite index lost 0.69 percent to 294.02 against 296.07 points previously. The equity market capitalization sagged by XOF 51 billion (about US$88 million) to close at XOF 7,255 billion relative to previous trading sessions’…

Morocco Equity Markets | 17 Sep 2015: Investors lose MUR 4 Billion, MADEX 1.07% lower …

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Casablanca, Morocco, Capital Markets in Africa — On Thursday, the Bear reappeared after one day in the bullish mood. The Moroccan benchmark stock index (measured as MASI Index) down by 1.07 percent to close at 9,200.22 points (with a year-to-date performance to -4.36 percent) with total market capitalization at MAD 470.567 billion (a decrease of MAD 4,069 million or US$420 million relative to previous market capitalization of MAD 474.636). The market activity measured as total…

Mauritius Equity Markets | 17 Sep 2015 : Bear shows up SEMDEX 8bps down, market cap down by US$5.1 Mill …

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PORT LOUIS, Mauritius, Capital Markets in Africa — The equity market capitalization closed at MUR 213.495 after losing MUR 181 million (US$5.1 million) relative to previous market capitalization of MUR 213.676 billion. The Mauritius All Share Index (SEMDEX index) plummeted by 0.08 percent or 1.63 points to close at 1,917.14 points and SEM10 index closed at 365.14 points after losing 0.01 percent or 0.04 points. From the market activity viewpoint, the overall total volume trade ended at 3,971,910 (a…

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