The Editorial Team |

IFC to Invest US$35 mill in Africell to expand Telecoms in Africa

Kinshasa, DRC (Capital Markets in Africa) — International Finance Corporation (IFC), a member of the World Bank Group, today announced that it will invest $35 million in telecom operator, Africell, to support the expansion and upgrade of mobile networks in Gambia, the DRC, Sierra Leone and Uganda. Africell is an emerging telecommunications operator, with a customer base in some of Africa’s most challenging markets. Since its launch in 2001, Africell has become the leading mobile…

Mauritius Equity Watch | 23 July 2015: Positive momentum continued on the Stock Exchange of Mauritius, market cap adds MUR 38 Mil

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Port Louis, Mauritius (Capital Markets in Africa) — Positive momentum continued on the Stock Exchange of Mauritius today. The Mauritius All Share Index (SEMDEX index) marginally added 0.02 percent or 0.35 points to close at 1,953.54 points and the SEM10 index closed at 373.07 points by gaining 0.17 points or 0.05 percent. The market capitalization settled at MUR 217.189 billion (relative to yesterday’s market capitalization of MUR 217.151 billion) by adding MUR 38 million. The overall total…

Zambia to issue up to $2 bln 10-year Eurobond – govt

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LUSAKA, Zambia (Capital Markets in Africa) – Zambia will issue a 10-year Eurobond of as much as $2 billion on Thursday, one of frontier Africa’s biggest international bonds, to fund a widening budget deficit in the copper exporter, a presidential spokesman said. “We expect the Eurobond to be issued today. It will be between $1.5 billion and $2 billion and the maturing date is 10 years,” Amos Chanda, a spokesman for President Edgar Lungu, told…

Ghana Equity Watch | 22 July 2015: Ghanaian equity markets continued walking toward the south pole, market give up US$82 million in market cap

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Accra, Ghana (Capital Markets in Africa):- The Ghanaian equity markets continued walking toward the south pole. The benchmark composite index sagged by 23.48 points or 1.03 percent to close the day at 2,251.14 points, representing a year- to- date performance 0f -0.44 percent. Likewise, the financial Index tumbled by 21.15 points or 0.92 percent to trade at 2,288.88 with a year-to-date return of 2.02 percent. The market capitalization also dropped by GHS 267 million to close at GHS 63,728 million relative to…

South Africa Market Watch | 22 July 2015: Bear appears across all sectors on the JSE today

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Johannesburg, South Africa (Capital Markets in Africa) — On Wednesday, the South African JSE All Share closed 1.75 percent or 923.86 points lower with losses across the board led by tumbling resource shares. The JSE Top 40 index fell by 1.87 percent or 885.35 points to end at 46,370.97 points. The financial sector index plunged by 1.35 percent or 620.07 points at 45,245.68 points. Both Industrial sector index and industrial 25 index plummeted by 1.48 percent…

Mauritius Equity Watch | 22 July 2015: SEDMEX adds 0.02%, SEM10 up by 0.06% but DEMEX index fall by 0.05%

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Port Louis, Mauritius (Capital Markets in Africa) — The Mauritius All Share Index (SEMDEX index) surged by 0.02 percent or 0.29 points to close at 1,953.19 points and the SEM10 index closed at 372.90 points by adding 0.22 points or 0.06 percent. In the same note, the market capitalization settled at MUR 217.151 billion (relative to yesterday’s market capitalization of MUR 217.118 billion) by gaining MUR 33 million. The overall total volume trade was registered at 4.750 million…

South Africa Market Watch | 21 July 2015: South Africa All share index dips 16bps despite gold miners sector gains

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Johannesburg, South Africa (Capital Markets in Africa) — The JSE All Share ended 0.16 percent lower on Tuesday as gains in gold miners was not enough to offset losses in other sectors. The JSE Top 40 index also 0.28 percent lower or 132.35 points to end at 47,256.32 points. The financial sector index went down by 0.28 percent or 130.90 points at 45,865.95 points. Both Industrial sector index and industrial 25 index plunging by 0.13 percent…

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