The Editorial Team |

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

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…

AfDB approves US$ 121 million for electricity expansion to rural households in Uganda

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — The African Development Bank (AfDB) Group Board approved on 16 September 2015 a US$ 121 million loan and grant to help Uganda’s government improve access to electricity for rural households, businesses and public institutions to ultimately improve the livelihoods, economic opportunities and access to social services in rural communities. The Bank Group allocated a US$ 100-million loan and an additional €10.205 million grant mobilized by the AfDB…

Randgold Resource stakes on Ghana’s Gold partnering with AngloGold

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ACCRA, Ghana, Capital Markets in Africa — Randgold Resources Limited (“Randgold”) and AngloGold Ashanti Limited (“AngloGold Ashanti”) have concluded an investment agreement (the “Agreement”) aimed at the formation of a joint venture to redevelop and operate AngloGold Ashanti’s Obuasi gold mine in Ghana. In terms of the Agreement, Randgold will lead and fund a development plan designed to rebuild Obuasi as a viable long-life mining business with an attractive cost structure and returns. Obuasi, located in…

Mali Economy Will Slow To 4.9% Due To Dwindling Manufacturing Output — IMF

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Bamako, Mali, Capital Markets in Africa — Mali’s economic growth is set to slow in 2015 to 4.9 percent, as a result of dwindling manufacturing output, in spite of a strong harvest, the International Monetary Fund (IMF) said in a statement on Wednesday. The Washington based institution said following its annual Article 4 consultation on Mali’s economy that inflation would also remain moderate at around 2.4 percent this year, up from 0.9 percent last year,…

South Africa Equity Markets |16 Sep 2015: Johannesburg Stock Exchange Trading floor is greener today …

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Johannesburg, South Africa Capital Markets in Africa — On Wednesday, it all greener at the closed of equity trading session, with all key sector indices in the North Pole. Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) gathered 3.11 percent or 1,537.56 points to settle at 51,029.24 points and the benchmark JSE Top 40 index closed 1,602.64 points or 3.64 percent lower to end at 45,588.01 points. Looking at the…

Cote D’Ivoire Stock Markets | 16 Sep 2015: BRVM Composite index gains 0.29%, BRVM 10 index 0.42% 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 Wednesday, higher than the previous day. BRVM 10 index rose from 293.92 to 295.16 points, a gain of 0.42 percent. BRVM Composite index gained 0.29 percent to 296.07 against 295.21 points previously. The equity market capitalization lost XOF 21 billion (about US$36 million) to close at XOF 7,306 billion relative to previous trading sessions’ market…

Ghana Equity Markets | 16 Sep 2015: Ghana equities continue to bleed, indices lower, investors unhappy …

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Accra, Ghana Capital Markets in Africa — At the end of today’s equity trading session, the equities market capitalization lost GHS 16 million (about US$4.2 million) to close at GHS 62,510 million relative to market capitalization of GHS 62,526 recorded at previous trading session. The benchmark composite index sagged by 0.14 percent or 2.94 points to close the day at 2,070.49 points, representing a year-to-date performance 0f -8.43 percent. The financial Index slumped by 0.25 percent or 9.82 points to trade…

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