The Editorial Team |

AfDB Report says Structural change needed to spur innovation in Africa

Abidjan, Cote D’Ivoire (Capital Markets in Africa):- To make economic growth self-sustaining, African countries must urgently make deep structural changes to propel innovation, notably boosting public investment and strengthening social services. Innovation is needed to create jobs and offer livelihood opportunities to lift the majority of Africans out of poverty, according to the African Development Bank’s 5th Annual Development Effectiveness Review (ADER) released Wednesday in Abidjan. This year’s ADER has innovation as its theme. “While Africa today…

Mauritius Market Watch | May 29th 2015: Mauritius equity market indices ended the week on a negative note today

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market indices ended the week on a negative note today. The SEMDEX index lost 0.21 percent to end at 1952.00 points and the SEM10 index fell by 0.41 percent to 369.56 points. The market capitalization was recorded at MUR 217.018 billion at end of today’s trading sessions. Looking at the market activity, today total market turnover amounted to MUR 145.2 million mainly geared towards SBM Holdings, MCB Group…

Morocco Market Watch | May 29th 2015: Moroccan equity market maintains bullish tempo

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Casablanca, Morocco (Capital Markets in Africa):- Morocco’s benchmark stock index (MASI Index) gained 1.19 percent to close at 9,711.36 points (0.95 percent year-to-date performance) with total market capitalization at MAD 493.119 billion (increased by MAD 9 billion compared to previous trading sessions) and market activities measured as total traded value was recorded at MAD 967.881 million. Likewise, Moroccan most active share index (MADEX) closed at 7,947.39 points (advanced by 1.19 percent compared to previous trading day)….

Zimbabwe Market Watch | May 29th 2015: Zimbabwe stock equity extends down trend

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Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) the industrial index lost a further 0.01 points (0.01 percent) to settle at 152.96 points. Likewise, the market capitalization was recorded at US$ 3.978 billion (lost mere US$1 million compared to yesterday’s market capitalization). The market activity today recorded a turnover of US$330,871 changing hands in 16 securities via 26 trade deals. Foreign investor buys US$138,969 and foreign sells US$133,006 today. Out of the 16 traded…

Cote d’Ivoire Market Watch | May 29th 2015: BRVM returns positive and adds XOF 22 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, higher than the previous day. BRVM 10 index rose from 272.88 to 273.88 points, a gain of 0.37%. BRVM Composite index gained 0.32% to 268 against 267.14 points previously. The equity market capitalization was recorded at XOF 6,613.04 billion compared to XOF 6,591.72 billion previously (up by almost XOF 22 billion). Looking at the…

Kenya Market Watch | May 29th 2015: Kenyan equity gains KES 10billion but NSE20 index down

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Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE20) index continued in the bearish mood and plummeted by 19.15 points (-0.40 percent) to 4,786.74 points but Nairobi All Share Index gained 0.67 points (0.41 percent) to close at 162.13. However, the FTSE NSE 25 and FTSE NSE 15 indices fell by 3.32 points (-1.50 percent) and 3.32 points (-1.40 percent) to close the day at 217.85 and 217.43 points respectively. The market capitalization gained…

Nigeria’s new President Muhammadu Buhari promises to supercharge the African economic giant

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Criticism of Nigeria as a place to do business is widespread but misplaced. The scaremongers say that the country is unstable, with a crumbling economy and threats from terrorist groups. They point to oil shortages, collapsing crude prices, the ferocity of the Boko Haram terrorist group, and rampant corruption. But these snapshots do not paint a fair portrait of sub-Saharan Africa’s largest economy, and overlook what the regional powerhouse offers foreign corporations and investors. President-elect…

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