The Editorial Team |

Ghana Equity Markets | 2 Sep 2015: Ghana equities witness massive dips, GSE Composite index 1.99%, investors lose GHS 1,48 milliion

Accra, Ghana (Capital Markets in Africa):- Ghana equity continues on the downward path for five successive trading session at the end of today’s trading session. The equities market capitalization shred off GHS 1,048 million (about US$277 million) to close at GHS 62,724 million relative to market capitalization of GHS 63,772 recorded at previous trading session. The benchmark composite index massively fell by 42.79 points or 1.99 percent to close the day at 2,109.57 points, representing a year-to-date performance 0f…

Dramatic rise in local currency sovereign debt issuance reduces emerging market countries’ vulnerability to shocks

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NEW YORK, USA, Capital Markets in Africa — The average local currency share of emerging market sovereign debt rose from about half in 2000 to almost three quarters in 2014, reducing for many countries the vulnerability to economic shocks and increasing the effectiveness of monetary and fiscal policies, Moody’s Investors Service said in the report “The Evolution of Emerging Market Sovereign Debt: Dramatic Growth in Local Currency Sovereign Debt Is Reducing Emerging Market Financial Vulnerabilities…

Mauritius Equity Markets | 2 Sep 2015 : Shares trading at Stock Exchange of Mauritius gains MUR 1.8 billion …

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Port Louis, Mauritius, Capital Markets in Africa — Mauritius equity market capitalization rose by to end at MUR 216.597 million after losing MUR 1.84 billion (US$ 52 million) relative to previous market capitalization of MUR 214.757 billion. The Mauritius All Share Index (SEMDEX index) surged by 0.86 percent or 16.52 points to close at 1,944.99 points and SEM10 index closed at 372.31 points after falling by 1.29 percent or 4.74 points. The overall total volume trade…

Ghana Equity Markets | 1 Sep 2015: Ghana Stock Exchange equity markets lower … investors lose 3.3 million dollar

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Accra, Ghana, Capital Markets in Africa — On the first day of the month of September, equity trading on the Ghana Stock Exchange started on a bearish moods. The market capitalization was recorded at GHS 63,759 million after losing GHS 13 million (about US$3.3 million) relative to market capitalization of GHS 63,772 million recorded at previous trading session. The benchmark composite index shaved off 2.41 points or 0.11 percent to close the day at 2,152.36 points, representing a year-to-date…

AIIM continues to serve Africa’s growing energy demands through investment in hydro power

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Cape Town, South Africa, Capital Markets in Africa — African Infrastructure Investment Managers (AIIM), an African infrastructure equity investment manager, has announced its industrial partnership with Hydroneo Afrique, a wholly-owned subsidiary of MECAMIDI, an established global manufacturer and developer of small and medium hydro power plant equipment, to develop a pipeline of hydro power plants across Africa. The partnership will facilitate the development of a pipeline of small and medium hydro power plants in Cameroon,…

Actis acquires stake in Coricraft group to propel expansion

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Johannesburg, South Africa Capital Markets in Africa — Actis today announced the acquisition of a significant minority stake in Coricraft Group, a South African home furnishings retailer. Actis’ investment affirms the strength of Coricraft Group’s cash value home retail model and will act as a substantial enabler of future growth. The firm is investing alongside majority shareholders Westbrooke a local investment group – and Coricraft Group management. Actis focuses exclusively on investments in emerging markets…

Diversification of the economy requires a consistent policy — Abraao Gourgel

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LUANDA, Angola, Capital Markets in Africa — The Minister for the Economy of Angola, Abraão Gourgel, spoke during the panel discussion on Transformation and the Diversification of the Economy, the Angolan Experience. According to Mr. Gourgel, the process of diversification of the Angolan economy is based on five main objectives including establishing support for emerging businesses. To achieve this objective the Guiché Único (One-Stop) system was created, reducing the costs of formalising business ventures by 90 per cent….

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