The Editorial Team |

Guinea plans to build a US$2 Billion Hydropower Dam

Conakry, Guinea, Capital Market in Africa — Guinea is in talks with China International Water & Electric Corporation (CWE) to build a US$2 billion hydropower dam that would boost the West African country’s energy output, according to Ministry for Energy official, Lansana Fofana. Lansana Fofana, said the proposed dam would double the country’s energy output, providing new capacity for the expansion of bauxite processing. “The idea is to feed the mining industry,” Fofana, the head of…

Morocco Equity Markets | 16 Sep 2015: MASI Index close higher, trader pockets US$144 Million …

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Casablanca, Morocco, Capital Markets in Africa — The Casablanca Bourse equity trading returned to the bullish mood and the Moroccan benchmark stock index (measured as MASI Index) rose by 0.36 percent to close at 9,299.90 points (with a year-to-date performance to -3.33 percent) with total market capitalization at MAD 474.636 billion (an increase of MAD 1,382 million or US$144 million relative to previous market capitalization of MAD 473.254) and market activities measured as total traded…

Mauritius Equity Markets | 16 Sep 2015 : Bull appears on the Stock Exchange of Mauritius equity markets

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PORT LOUIS, Mauritius, Capital Markets in Africa — The bearish mood waxed stronger on the Stock Exchange of Mauritius equity markets. The equity market capitalization closed at MUR 213.676 after losing MUR 485 million (US$13.6 million) relative to previous market capitalization of MUR 214.161 billion. The Mauritius All Share Index (SEMDEX index) plunged by 0.23 percent or 4.36 points to close at 1,918.76 points and SEM10 index closed at 365.10 points after losing 0.35 percent or 1.29 points….

Ghana Equity Markets | 15 Sep 2015: Bearish mood persists on the Ghana Stock Exchange equity markets …

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Accra, Ghana Capital Markets in Africa — Ghana Stock Exchange equity trading opened the week on a negative note and the equities market capitalization lost GHS 244 million (about US$64.5 million) to close at GHS 62,526 million relative to market capitalization of GHS 62,770 recorded at previous trading session. The benchmark composite index sagged by 0.37 percent to close the day at 2,073.47 points, representing a year-to-date performance 0f -8.29 percent. The financial Index slumped by 0.45 percent to trade at…

Nigerian Equity Markets | 15 Sep 2015 : Nigerian Equities take a Breather… ASI pullback 0.2%

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market took a breather today after the strong rally recorded yesterday, as the benchmark index declined 0.2% to close at 30,311.77 points, whilst market capitalization also fell N20.0bn to close at N10.4tn. The pullback in the benchmark index was majorly against the backdrop of profit-taking activities in Banking stocks – GUARANTY (-2.5%), STANBIC (-3.4%) – and GUINNESS (-3.2%). Market activity was however mixed, as aggregate…

Kenya Equity Markets | 15 Sep 2015: Bullish run sustains, investors gain US$208 Mill …

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Nairobi, Kenya Capital Markets in Africa — The positive momentum sustained at the end of the equity trading on the Nairobi Securities Exchange. As a result the equity market capitalization closed at KES 2,095 billion by adding KES 22 billion (c.US$208.2 million) or 1.06 percent from the market capitalization of KES 2,072 billion recorded at previous trading session. The Nairobi All Share Index gathered 1.06 percent or 1.56 points to end at 149.14 points and the Nairobi Securities…

South Africa Equity Markets |15 Sep 2015: South Africa equity markets sustain uptrend today, JSE All Shares index….

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JOHANNESBURG, South Africa, Capital Markets in Africa — Today the South Africa equity markets continued the positive momentum after all indices closed in green zone except the financial sector index which ended in red. Johannesburg Stock Exchange (JSE) All Share index ended 0.25 percent or 125.08 points higher to close at 49,491.68 points. The JSE Top 40 index also soared by 172.31 points or 0.39 percent to end at 43,985.37 points. The JSE Financial sector index fell…

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