The Editorial Team |

Central Bank of Nigeria Holds Key Interest Rate at 13%

Lagos, Nigeria (Capital Markets in Africa) :- The Central Bank of Nigeria (CBN) held its benchmark interest rate unchanged at 13 percent at the Monetary Policy Committee (MPC) meeting today.

Ghana Equity Watch | 23 July 2015: The Bull visited the Ghanaian Stock Exchange on Thursday, market cap gains US$38 million

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Accra, Ghana (Capital Markets in Africa):- The Bull visited the Ghanaian Stock Exchange (GSE) on Thursday. Therefore, the benchmark composite index climbed by 22.77 points or 1.01 percent to close the day at 2,273.91 points, representing a year- to- date performance 0f 0.57 percent. The financial Index also gained 31.49 points or 1.38 percent to trade at 2,320.37 with a year-to-date return of 3.42 percent. The market capitalization added GHS 124 million to close at GHS 63,852 million relative to market capitalization…

South Africa Market Watch | 23 July 2015: South African equities end on upward momentum, JSE All share gains 50 basis points

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Johannesburg, South Africa (Capital Markets in Africa) — Today the South African equities ended on upward momentum. The Johannesburg Stock Exchange (JSE) All Share increased by 259.46 or 0.50 percent to close at 52,237.02 points. The JSE Top 40 index rose by 0.60 percent or 278.26 points to end at 46,649.23 points. The financial sector index surged by 0.74 percent or 335.08 points at 45,580.96 points. Both Industrial sector index and industrial 25 index climbed by 0.74 percent to close at 76,048.65…

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

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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…

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