The Editorial Team |

Nigerian Equity Markets | 14 Sep 2015: Nigerian Equities market sustained its positive performance …

Lagos, Nigeria, Capital Markets in Africa —The Nigerian Equities market sustained its positive performance from the previous week as the Benchmark Index – All Share Index- appreciated 2.3%, crossing the 30,000pts psychological line to close at 30, 369.97pts. This performance was driven by rallies in Blue chip stocks, as GUINNESS (+10.2%), GUARANTY (+4.8%) and DANGCEM (+2.4%) spearheaded the charge. A positive performance was also recorded across sectors as all sectors indicators drifted northwards save for…

Tanzania Equity Markets | 14 Sep 2015 : Tanzania Equity in red, All Shares Index and market capitalization lower …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — On Monday, the Dar es Salaam Stock Exchange equity market began the week in red zone, as a result the equity market capitalization sagged by TZS 6.52 billion (about US$3 million) to end at TZS 22,335.06 billion relative to market capitalization of TZS 22,341.58 billion recorded at previous trading session. At the same time, the Dar es Salaam Stock Exchange index (DSEI) marginally fell by 0.75…

Cote D’Ivoire Stock Markets | 14 Sep 2015: All green at the BRVM Equity markets, investors gain US$74 Mill …

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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 Monday, higher than the previous day. BRVM 10 index rose from 292.94 to 294.05 points, a gain of 0.38 percent. BRVM Composite index gained 0.60 percent to 295.49 against 293.74 points previously. The equity market capitalization added XOF 43 billion (about US$74 million) to close at XOF 7,291 billion relative to previous trading sessions’…

Kenya Equity Markets | 14 Sep 2015: Kenya equity markets end higher, market cap gains US$190 Mill ….

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Nairobi, Kenya Capital Markets in Africa — The equity market capitalization ended at KES 2,072 billion after gaining KES 20 billion (c.US$189.7 million) or 0.97 percent from the market capitalization of KES 2,053 billion recorded at previous trading session. The Nairobi All Share Index advanced by 0.95 percent or 1.39 points to end at 147.58 points and the Nairobi Securities Exchange (NSE20) index gained 16.87 points or 0.40 percent to close at 4,234.66 points. The FTSE NSE 15…

Actis announces exit of Globeleq Africa to CDC and Norfund consortium

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London, Capital Markets in Africa — Globeleq, a company owned by Actis, the pan-emerging market investor, has completed the sale and transfer of Globeleq Africa, the power generation platform in Africa, to a company owned by Norfund, the Norwegian investment fund for developing countries and CDC Group (“CDC”), the UK government’s development finance institution. Norfund acquired a significant minority stake (30%) in Globeleq Africa for a final cash consideration of US$227 million. CDC, which…

Ghana Equity Markets | 14 Sep 2015: Ghana Stock Exchange equity markets ends lower …

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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 162 million (about US$43.5 million) to close at GHS 62,770 million relative to market capitalization of GHS 62,608 recorded at previous trading session. The benchmark composite index sagged by 0.35 percent to close the day at 2,081.18 points, representing a year-to-date performance 0f -7.95 percent. The financial Index slumped by 0.56 percent to trade at…

IFC and IFC ALAC Fund Invest in Afrimax Group to Support Expansion in Region

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Lagos, Nigeria, Capital Markets in Africa — IFC and the IFC African, Latin American, and Caribbean Fund (IFC ALAC Fund) have participated in a new round of growth financing for Afrimax to accelerate the rollout of its leading edge, LTE led business model, across multiple African markets. This latest investment round in Afrimax Group is led by Mitsui & Co., Ltd., the Japanese conglomerate headquartered in Tokyo, and includes participation from existing shareholders. IFC and the IFC ALAC…

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