The Editorial Team |

Moody’s says Kenya B1 rating reflects robust growth potential balanced

Nairobi, Kenya (Capital Markets in Africa) — Kenya’s B1 rating and stable outlook reflect the country’s robust growth potential, its leadership role in the East African region and its commitment to structural reforms, Moody’s Investors Service said in a report published today. These advantages are balanced against Kenya’s weak, although strengthening institutions, large twin (government and current account) deficits and national security challenges. The decentralization of the government introduced in the 2010 constitution has helped…

IFC Supports Afriland to Provide Trade Finance Guarantees to Corporates in Cameroon

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Douala, Cameroon (Capital Markets in Africa) —IFC, a member of the World Bank Group, has signed an agreement with Afriland First Bank Cameroon (“Afriland”), to enable it to expand its trade finance operations and extend more services to small and medium enterprises and corporate clients in Cameroon. The risk-mitigating scheme will provide guarantees to local importers and exporters that alleviate trade lines limitations and related constraints within the banking community. A breakthrough initiative towards a privately-owned Cameroonian…

Africa 2020 presents exciting opportunities for asset managers according to PwC

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JOHANNESBURG, South-Africa (Capital Markets in Africa) — New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around $1,098 billion by 2020, from a 2008 total of $293 billion. This represents a compound annual growth rate (CAGR) of nearly 9.6%. Traditional asset management, in particular the mutual fund industry, is expanding aggressively across Africa. This will largely be driven by a number of factors: economic growth…

South Africa Market Watch | 28th July 2015: Johannesburg Stock Exchange struggles to chase away the Bear … JSE All Share index 106bps down

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Johannesburg, South Africa (Capital Markets in Africa) — Johannesburg Stock Exchange struggled to chase away the Bear from the trading floor at the end of today’s trading session. Johannesburg Stock Exchange (JSE) All Share somersaulted by 543.13 or 1.06 percent to close at 50,768.42 points. The JSE Top 40 index also plunged by 1.05 percent or 478.77 points to end at 45,290.17 points. The financial sector index went down by 0.73 percent or 328.24 points at 44,631.04 points….

Mauritius Equity Watch | 28 July 2015: Bullish momentum continues on the Stock Exchange of Mauritius … companies add MUR 207 million in value

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Port Louis, Mauritius (Capital Markets in Africa) — The bullish momentum continued on the Stock Exchange of Mauritius. The Mauritius All Share Index (SEMDEX index) surged by 0.54 percent or 10.62 points to close at 1,968.92 points and the SEM10 index closed at 377.49 points after adding 3.10 points or 0.83 percent. The market capitalization recorded MUR 217.925 billion (relative to previous market capitalization of MUR 217.718 billion) by adding MUR 207 million. The overall total volume trade was registered…

South Africa Market Watch | 27 July 2015: The bear continued to torment the Johannesburg Stock Exchange

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Johannesburg, South Africa (Capital Markets in Africa) — The bear continued to torment the stocks listed on the Johannesburg Stock Exchange on Monday. Johannesburg Stock Exchange (JSE) All Share decreased by 54.53 or 0.11 percent to close at 51,301.55 points. The JSE Top 40 index edged down by 0.20 percent or 89.51 points to end at 45,768.94 points. The financial sector index marginally lost 0.02 percent or 38.99 points at 44,959.28 points. Both Industrial sector index and industrial 25 index declined by…

Mauritius Equity Watch | 27 July 2015: Mauritius equities carried forward the bull mood … SEMDEX 0.23% up

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Port Louis, Mauritius (Capital Markets in Africa) — Stock Exchange of Mauritius carried forward the bull mood previous week to begin this week on a positive notes. The Mauritius All Share Index (SEMDEX index) gained 0.23 percent or 4.51 points to close at 1,958.29 points and the SEM10 index closed at 374.39 points after surging by 0.90 points or 0.24 percent. The market capitalization recorded MUR 217.718 billion (relative to yesterday’s market capitalization of MUR 217.216 billion) after gaining…

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