The Editorial Team |

Peugeot Citroen’s Moroccan Factory to Produce 200,000 Cars a Year

Rabat, Morocco (Capital Markets in Africa) — The new factory of the French leading carmaker PSA Peugeot Citroen will produce 200,000 cars and 200,000 motorbikes a year, Minister of Industry, Commerce, Investment and the Digital Economy Moulay Hafid Elalamy said. The new plant, to be completed by 2019, will generate 4.500 direct jobs and 20,000 indirect, said the Minister in an address before King Mohammed VI, who chaired on Friday the signing ceremony of the…

The Lafferty rating rates Nigerian banks ahead US, S/Africa, Europe, Australia, Canada in quality

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Lagos, Nigeria (Capital Markets in Africa) — In terms of their overall quality, Lafferty Bank Ratings reports that Nigerian banks rank well among banks across the world. A cross-border comparison shows that Nigeria ranks about 34.0, higher than South Africa which ranks 30.0, Canada 23.0, United States 20.0, Australia 22.0, and Europe 18.0. Nigerian banks’ financial ratios are particularly good and Michael Lafferty, chairman, Lafferty Group, reckons that the banks’ overall ratings will improve considerably…

Cote d’Ivoire Market Watch | June 19th 2015: BRVM Equity markets end in negative region, down by XOF 35 billion

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Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Friday, lower than the previous day. BRVM 10 index decreased from 271.79 to 270.71 points, a drop of 0.40%. BRVM Composite index lost 0.52% to 272.62 against 274.05 points previously. In the same way, the equity market capitalization down by XOF 35.25 billion to close at XOF 6,727.07 billion compared with previous trading sessions’ market…

Ghana Market Watch | June 18th 2015: Ghana equity markets indices and market capitalization return to red today, GHS 24 million down

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Accra, Ghana (Capital Markets in Africa):- Ghana equity markets indices and market capitalization tumbled at the end of today’s trading session. The benchmark composite index plunged by 4.41 points or about 0.18 percent to end the day at 2,377.66, bringing the year- to- date return to 5.16 percent. Equally, the financial Index dropped by 0.28 percent or 6.73 points to 2,439.49 with a year-to-date return of 8.73 percent. Likewise, the market capitalization fell nearly GHS 24.01 million (lose 0.04 percent relative to…

Mauritius Market Watch | June 18th 2015: Mauritius equity market maintains positive momentum, SEMDEX 0.38% up, Market Cap adds MUR 824 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 0.38 percent or 7.42 points to close 1,983.33 points and the SEM10 gained 0.57 percent or 2.51 points to end at 379.26 points. The market capitalization was recorded at MUR 220.490 billion, by adding MUR824 million (against MUR 219.666 billion recorded at previous trading day) and overall total volume…

Morocco Market Watch | June 18th 2015: Morocco equity market returns to green after 3-days in red

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Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market returned to green after three consecutive trading days. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.33 percent to close at 9,532.74 points (with a year-to-date performance to -0.91 percent) with total market capitalization at MAD 483.526 billion (gained almost MAD 1.2 billion against previous trading session market cap of MAD 482.331 billion) and market activities measured as total traded value was recorded…

Egypt Market Watch | June 18th 2015: Egyptian stock exchange maintains the uptrend momentum with EGP 1.6 billion gains.

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Cairo, Egypt (Capital Markets in Africa):- Egyptian equity indices were maintained the bullish momentum to close the week on positive note. The market capitalisation gained around EGP 1.4 billion to close at EGP 490.129 billion (against EGP 488.733 billion recorded yesterday), backed by Egyptians’ strong buying. On a week-on-week basis, market capitalization added EGP 0.7 billion relative to last week Thursday market capitalization. The benchmark index EGX30 slightly surged by 0.24 percent or 20.16 points to end…

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