The Editorial Team |

Amaechi, Fayemi, Fashola Fail Anti-corruption Test

As the screening of President Muhammadu Buhari ministers continue, some appointees have reportedly failed to pass anti-corruption test. The Department of State Service (DSS) recently received a much awaited list of 36 ministerial nominees for security screening. While DSS carries on the screening indications appeared that three immediate past governors, Babatunde Fashola, Rotimi Amaechi and Kayode Fayemi, have supposedly failed. Three former governors worked hard for Buhari’s presidential campaign to and were seen as top candidates for…

Copper Mine Suspensions Threaten Zambia’s Growth and Fiscal Position

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Lusaka, Zambia, Capital Markets in Africa — Glencore International AG (Baa2 negative) recently announced that it would suspend operations at its Mopani Copper Mine in Zambia (B1 negative) for 18 months. Glencore’s suspension follows a recent decision by China’s Luanshya Copper Mines plc to interrupt operations at its Baluba mine in Zambia. Reduced copper production is credit negative for Zambia because it will depress growth, export proceeds and royalties, further pressuring the sovereign’s increasingly precarious fiscal…

South Africa Equity Markets |14 Sep 2015: Gold mining, financial sectors lift the South Africa equity market …

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JOHANNESBURG, South Africa, Capital Markets in Africa — Today the South Africa equity markets began on positive district after all indices closed in bullish mood. Johannesburg Stock Exchange (JSE) All Share index ended 0.89 percent or 435.96 points lower to close at 49,366.60 points. The JSE Top 40 index also soared by 362.64 points or 0.83 percent to end at 43,813.06 points. On the positive momentum path, the JSE Financial sector index added 1.44 percent or 609.59…

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

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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…

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