The Editorial Team |

Actis announces exit of Globeleq Africa to CDC and Norfund consortium

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 …

Posted on by The Editorial Team

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

Posted on by The Editorial Team

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…

Morocco Equity Markets | 14 Sep 2015: Casablanca Bourse equity traders smile home with US$147 Mill …

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa — On Monday, the Casablanca Bourse equity trading closed in the bullish sentiment. The Moroccan benchmark stock index (measured as MASI Index) continued the northward trend by adding 0.34 percent to close at 9,333.84 points (with a year-to-date performance to -2.98 percent) with total market capitalization at MAD 476.224 billion (an increase of MAD 1,426 million or US$147 million relative to previous market capitalization of MAD 474.798) and market…

Bank of Ghana Surprisingly Increases Benchmark Interest Rate Against Analysts’ Expectation

Posted on by The Editorial Team

Accra, Ghana, Capital Markets in Africa — The Bank of Ghana (BOG) increased the policy rate by 1 percent to 25 percent, Governor Kofi Wampah told reporters in the capital, Accra after the 66th regular meeting of the Monetary Policy Committee of the Bank. In August, the BOG merged the policy rate and reverse repo rate at 24 percent. The policy rate was previously 22 percent. The Central Bank said at the time the adjustment didn’t…

Mauritius Equity Markets | 14 Sep 2015 : SEDMEX and SEM10 lower but DEMEX index higher

Posted on by The Editorial Team

PORT LOUIS, Mauritius, Capital Markets in Africa — Stock Exchange of Mauritius continued in the red zone. The equity market capitalization closed at MUR 214.449 after losing MUR 378 million (US$10.6 million) relative to previous market capitalization of MUR 214.828 billion. The Mauritius All Share Index (SEMDEX index) plummeted by 0.18 percent or 3.41 points to close at 1,925.70 points and SEM10 index closed at 366.43 points after falling by 0.24 percent or 0.87 points. From the market…

Egypt Equity Markets | 13 Sep 2015 : Egyptian Equity Rebounds, market capitalization EGP 1.8 billion higher ….

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity trading ended higher at the end of Sunday’s trading session, after the equity market capitalization gained EGP 1.79 billion (nearly US$229 million) to end at EGP 441.058 billion from EGP 450.376 billion recorded at previous day trading session. The benchmark index EGX30 gained by 42.67 points or 0.61 percent to end 7,082.00 points. The equal-weighted indexes EGX50 also went up by 0.64 percent or 7.63 points to settle at 1,192.04…

« 1 … 1,015 1,016 1,017 1,018 1,019 … 1,077 »