The Editorial Team |

IFC Supports Sustainable Mining in Burkina Faso with Investment in Roxgold

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’…

Infrastructure and Migration: Prevention vs. Reaction

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GENEVA, Switzerland, Capital Markets in Africa — In what has been coined the worst migration crisis in Europe since the end of the Second World War, hundreds of thousands of migrants from the Middle East and Africa have flocked to Europe in seek of help. In 2014, roughly 170,000 migrants landed on Italian shores alone. With the rise of movement, there has been a sharp and tragic increase in migrant deaths. The staggering numbers hold deep significance;…

Ghana Equity Markets | 9 Sep 2015: Ghana Stock Exchange equity markets return to red after a day in green

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Accra, Ghana Capital Markets in Africa — The bear returned to the Ghana Stock Exchange equity trading at the end of Tuesday’s trading session. The equities market capitalization went down by GHS 251 million (about US$10 million) to close at GHS 62,643 million relative to market capitalization of GHS 62,894 recorded at previous trading session. The benchmark composite index went down by 8.91 points or 0.44 percent to close the day at 2,094.70 points, representing a year-to-date performance 0f -7.36…

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