The Editorial Team |

Islamic Finance in Africa: A Promising Future — ICD

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…

Tanzania Equity Markets | 18 Sep 2015 : Equity indices end lower, market value falls by US$4 Mill …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — On the last day of the week, the Dar es Salaam Stock Exchange equity market closed in negative, after market capitalization and All Share index lower. The equity market capitalization marginally fell by TZS 9.11 billion (about US$4.2 million) to end at TZS 22,501 billion relative to market capitalization of TZS 22,510 billion recorded at previous trading session. The Dar es Salaam Stock Exchange index (DSEI)…

Kenya Equity Markets | 18 Sep 2015: NSE ends in red, All Share 0.74% down, NSE20 0.30% lower, FTSE NSE 15 0.90% lower

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Nairobi, Kenya Capital Markets in Africa — On Friday, the equity market capitalization closed at KES 2,066 billion after sagging by KES 17.1 billion (c.US$162 million) or 0.82 percent from the market capitalization of KES 2,083 billion recorded at previous trading session. The Nairobi All Share Index plunged by 0.74 percent or 1.09 points to end at 147.19 points and the Nairobi Securities Exchange (NSE20) index slumped by 12.69 points or 0.30 percent to close at 4,236.26 points….

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