The Editorial Team |

‘2015 – a turning point for Africa and Foreign Direct Investment. 8 of Africa’s Ministers of Energy and Finance gather in Beijing to outline current investment opportunities’

The need to address the continent’s energy deficit, and the critical requirement to connect those living without access to electricity, is undisputed – 13% of the world’s population live without electricity, versus 48% of the global population who live in Africa. This year Africa will have witnessed 19 elections, and the formation of many new governments. Many of these administrations will seek to improve living conditions through access to electricity, and subsequently, added employment…

Investisseurs & Partenaires announces investment in SCRIMAD Group

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Madagascar,Capital Markets in Africa —- Investisseurs & Partenaires welcomes a new company in its portfolio IPAE: the agribusiness company SCRIMAD Group, located in Madagascar. This is the third investment of the Fund I&P Afrique Entrepreneurs in Madagascar, after IOT (aquaculture) et ACEP Madagascar (Microfinance). Founded in 1993 and managed by Simon Rakotondrahova, SCRIMAD is specialized in the collect and export of litchi production, among other fruits and spices (vanilla, black pepper, cinnamon, etc.). The partnership with…

IFC Supports Sustainable Mining in Burkina Faso with Investment in Roxgold

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Ouagadougou, Burkina Faso, Capital Markets in Africa — IFC, a member of the World Bank Group, has taken an 8% equity stake in Roxgold Inc., a Toronto-based gold exploration and development company, to support sustainable development of the Yaramoko gold mine in western Burkina Faso. The 18.4 million Canadian dollar investment is IFC’s third investment in Burkina Faso’s mining sector, which is one of the West African country’s leading economic drivers. It is part of IFC’s…

Mauritius Equity Markets | 10 Sep 2015 : Stock Exchange of Mauritius SEMDEX index lower, DEMEX index higher

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PORT LOUIS, Mauritius, Capital Markets in Africa — On Thursday, the trading floor of the Stock Exchange of Mauritius was painted in red. The equity market capitalization closed at MUR 215.326 after losing MUR 521 million (US$15 million) relative to previous market capitalization of MUR 215.847 billion. The Mauritius All Share Index (SEMDEX index) sagged by 0.24 percent or 4.67 points to close at 1,933.58 points and SEM10 index closed at 368.35 points after losing 0.32 percent…

AfDB approves US$22-million grant to break “triangle of thirst” in West Kordofan, Sudan

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — The African Development Bank Group (AfDB) on Wednesday, September 9 committed a grant of US $22-million to finance water and sanitation facilities in the West Kordofan State of Sudan and a country-wide Institutional Capacity Development Program. More than 130,000 people (69,000 women) in the rural areas of West Kordofan State are targeted beneficiaries. Water supply points will also benefit approximately 730,000 heads of livestock. The Water Sector…

Kenya Equity Markets | 9 Sep 2015: Nairobi Securities Exchange equity lower, Kenyan Shilling stronger …

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Nairobi, Kenya Capital Markets in Africa — The Bear returned to the Nairobi Securities Exchange equity market and the equity market capitalization ended at KES 2,044 billion by losing KES 1.8 billion (c.US$17.3 million) or 0.09 percent from the market capitalization of KES 2,045 billion recorded at previous trading session. In the same bearish mood, the Nairobi All Share Index sagged by 0.13 points or 0.09 percent to end at 145.51 points but the Nairobi Securities Exchange (NSE20) index…

Cote D’Ivoire Stock Markets | 9 Sep 2015: Bourse Régionale des Valeurs Mobilières closes green, transportation sector gains 2.38%

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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 Wednesday, higher than the previous day. BRVM 10 index rose from 295.41 to 295.58 points, a gain of 0.06 percent. BRVM Composite index gained 0.06 percent to 295.29 against 295.12 points previously. The equity market capitalization gained XOF 5 billion (about US$9.3 million) to close at XOF 7,287 billion relative to previous trading sessions’…

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