The Editorial Team |

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

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….

Mauritius Equity Markets | 1 Sep 2015 : Mauritius Equity Markets end in red, investors lose US$7.1 million

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Port Louis, Mauritius (Capital Markets in Africa) — Mauritius equity trading moved from green zone recorded yesterday to start the new month on a negative mood. The equity market capitalization ended at MUR 214.757 million after losing MUR 248 million (US$ 7.1 million) relative to previous market capitalization of MUR 215.005 billion. The Mauritius All Share Index (SEMDEX index) fell by 0.12 percent or 2.23 points to close at 1,928.47 points and SEM10 index closed at…

Côte d’Ivoire benefits from strong economic growth and increasing investment

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ABIJDAN, Cote d’Ivoire, Capital Markets in Africa — Côte d’Ivoire’s (B1 positive) very high economic growth prospects, on the back of institutional reforms, support the government’s strong budget revenue performance, says Moody’s Investors Service in a report published on 31st August 2015. “While weak institutional strength poses a key challenge for Côte d’Ivoire, we expect reforms and public infrastructure investment to underpin high economic growth in 2015-16,” says Aurelien Mali, Senior Analytical Advisor —…

President of the African Caucus urges the combat of illicit financial flows in Africa

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LUANDA, Angola, (Capital Markets in Africa) — The President of the African Group and Minister of Finance of Angola, Armando Manuel, declared in the welcoming speech to the participants at the Luanda Caucus- 2015 meeting. “This obliges us to look for other sources of financing including savings that can be made from restricting illicit financial flows from Africa, especially measures that can be taken to radically reduce these mass monetary outflows and guarantee that they are used…

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