The Editorial Team |

Central Bank of Nigeria Keeps Benchmark Rate at 13 percent

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…

Ghana Equity Markets | 22 Sep 2015: Ghana Equity Markets Open lower, Benchmark Index 0.49% lower ..

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Accra, Ghana Capital Markets in Africa — On Tuesday, the first trading day of the at the Ghana Stock Exchange ended in negative zone compared to last Friday trading session. The equities market capitalization lost GHS 54 million (about US$14 million) to close at GHS 62,340.15 million relative to market capitalization of GHS 62,394.15 recorded at previous trading session. The benchmark composite index down by 0.49 percent or 9.81 points to close the day at 2,039.23 points, representing a…

Tanzania Equity Markets | 22 Sep 2015 : Bearish mood stays on DSE, Market Capitalization gains US$57Mill…

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DAR ES SALAAM Tanzania, Capital Markets in Africa — The Dar es Salaam Stock Exchange equity market continued to stay in the red zone, after equity market capitalization and All Share index lower. The equity market capitalization lost TZS 122 billion (about US$56.6 million) to end at TZS 22,152 billion relative to market capitalization of TZS 22,274 billion recorded at previous trading session. The Dar es Salaam Stock Exchange index (DSEI) plunged by 14.91 points…

Nigerian Equity Markets | 22 Sep 2015: NSE-ASI Rises 0.5% as MPC Slashes CRR to 25.0%

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Lagos, Nigeria, Capital Markets in Africa — Investors’ sentiment in equities strengthened today in contrast to what was witnessed in the last two sessions as the All Share index closed 53bps higher to settle at 30,426.0pts. This brought YTD loss to -12.2%. Uptrend was predominantly boosted by gains in DANGOTE CEMENT (+1.2%), SEPLAT (+4.9%), UBN (+3.4%) and FORTE OIL (+1.0%). In like manner, market capitalization expanded to N10.4tn as investors’ value rose by N51.6bn at…

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