The Editorial Team |

France’s FigeacAero to open production unit in Morocco

Rabat, Morocco (Capital Markets in Africa) – Morocco’s aeronautics industry continues to spread its wings. Following in the footsteps of other global heavyweights in aeronautics such as Bombardier and Airbus, a 25 million euros investment will be injected in the Moroccan aeronautics industry by FigeacAero, a French group specializing in mechanical aerospace. The French company has confirmed plans to open a production unit in Casablanca which is expected to generate 500 jobs and an investment of…

AfDB approves €50.20 million loan for Egypt National Drainage to boost agriculture

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Cairo, Egypt (Capital Markets in Africa) — The African Development Bank (AfDB) will support Egypt’s National Drainage programme (NDP) to boost agricultural production and household income generation with a €50.20 million loan approved by AfDB Board on Wednesday, May 17 in Abidjan. The programme aims to optimize the benefits of irrigation by draining excess irrigation water from agricultural land in order to reduce water logging and soil salinity as well as make more land available…

Moody’s assigns A1.za debt rating to Ekurhuleni’s (EMM06) ZAR900 million notes due 2025

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Johanessburg, South Africa (Capital Markets in Africa) — Moody’s Investors Service has today assigned a long-term debt rating of A1.za (South African national scale rating) to Ekurhuleni Metropolitan Municipality’s ZAR900 million senior unsecured amortising fixed-rate notes due 2025. These notes are issued under Ekurhuleni’s ZAR8 billion Domestic Medium Term Note programme rated A1.za and will be listed on the Johannesburg Stock Exchange. Proceeds from the notes will be used to finance the city’s infrastructure requirements….

Mauritius Market Watch | June 17th 2015: Mauritius equity market maintains positive momentum, SEMDEX 0.13% up, Market Cap adds MUR 275 million

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market continued the positive momentum at the end of trading session. The Mauritius All Share Index (SEMDEX index) gained 0.13 percent or 2.48 points to close 1,975.82 points and the SEM10 surge by 0.31 percent or 1.18 points to end at 377.11 points. The market capitalization was recorded at MUR 219.666 billion, by adding MUR 275 million (against MUR 219.391 billion recorded at previous trading day) and…

Morocco Market Watch | June 17th 2015: Morocco equity market ended in red for third consecutive trading days, MAD 2.11 billion

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Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market ended in red for third consecutive trading days. The Moroccan benchmark stock index (MASI Index) plunged by 0.44 percent or 41.91 to close at 9,501.72 points (with a year-to-date performance to -1.23 percent) with total market capitalization at MAD 482.331 billion (gave up almost MAD 2.11 billion against previous trading session market cap of MAD 484.437 billion) and market activities measured as total traded value was…

Egypt Market Watch | June 17th 2015: Egyptian stock exchange surges for 2nd day in a row; equities gain EGP 1.6 billion

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Cairo, Egypt (Capital Markets in Africa):- Egyptian equity indices were bullish today and maintained yesterday gains. The market capitalisation gained around EGP 1.60 billion to close at EGP 488.733 billion (against EGP 487.136 billion recorded yesterday), backed by Egyptians’ strong buying. The benchmark index EGX30 slightly surged by 0.01 percent or 0.45 points to end the day at 8,556.55 points (-4.15 percent year-to-date performance). Similarly, the small and mid-cap index EGX70 climbed by 0.39 percent or 1.75 points to…

Botswana Market Watch | June 17th 2015: Botswana domestic composite index adds 100 bps

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Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index added 0.01 percent or 13,00 point to close at BWP 10,601.66. However, the foreign composite index marginally lost 0.06 basis point to close at 1,570.91 points. However, the equity market capitalization was recorded at BWP 430.421 billion. From the market activity viewpoint, the daily volume and turnover settle at 381,663 and BWP 1.400 million. Barclays Bank Botswana recorded a volume of 30,000 and turnover of BWP 126,000, G4S ended with 27,027…

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