The Editorial Team |

Egypt Market Watch | June 15th 2015: Egyptian equity markets bleeding blood non-stop for eight trading session

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets bleeding blood non-stop for eight trading session (since Wednesday 3rd June 2015). The market capitalisation lost almost EGP 1.7 billion (cumulative loss of EGP 15.7 billion relative to market cap at Wednesday 3rd June 2015) to close at EGP 484.550 billion (against EGP 486.213 billion recorded yesterday). The benchmark index EGX30 tumbled by 0.22 percent or 18.50 points to end the day at 8,515.63 points (-4.60 percent year-to-date…

Understanding West Africa’s Infrastructure Potential

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Lagos, Nigeria (Capital Markets in Africa) — West Africa is increasingly identified as an attractive destination for investors across all economic sectors. Its growing population of over 300 million and abundant resources continue to drive steady economic growth, as seen by a 6% average annual growth rate over the past decade. In addition, improved governance and political stability, institutional reforms, declining trade barriers, adoption of technology, and a re-emerging middle class attributable to an increasingly…

Morocco Market Watch | June 12th 2015: Morocco equity market ended the week on a bullish note, All Share index up 0.43%

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Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market ended the week on a bullish note. Morocco’s benchmark stock index (MASI Index) surged by 0.47 percent to close at 9,647.75 points (with a year-to-date performance to 0.29 percent) with total market capitalization at MAD 489.535 billion and market activities measured as total traded value was recorded at MAD 29.915 million. Equally, Moroccan most active share index (MADEX) closed at 7,889.31 points (added 0.53 percent compared…

Zimbabwe Market Watch | June 12th 2015: Zimbabwe industrial index ended the week on a high note, add 0.11% and US$4 million

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Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index ended the week on a high note after adding 0.16 points (0.11%) to close at 152.20 points. However, on week-on-week basis, the index lost 1.29 points or 0.84 percent. Equally, the market capitalization was recorded at US$3.969 billion, by adding US$4 million against previous trading session market capitalization of US$3.965 The market activity today recorded a turnover of US$281,678 exchanged in 12 traded securities…

Doing Business in South Africa Can Be Made Easier Says World Bank Report

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Pretoria, South Africa (Capital Markets in Africa) —A new World Bank Group report assessing the business environment and state of regulations for domestic firms in South Africa finds that local entrepreneurs face a wide array of business obstacles depending on which city they establish their companies in the Republic. The report also highlights a number of constructive practices that can be better leveraged within the country to improve the business climate for local entrepreneurs and…

Moody’s affirms BMCE’s deposit ratings; changes the outlook to stable from negative

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Casablanca, Morocco (Capital Markets in Africa) — Moody’s Investors Service has today affirmed and changed the outlook to stable from negative on the Ba1 long-term local-currency deposit rating and senior unsecured debt rating of BMCE Bank. Concurrently, Moody’s affirmed BMCE’s ba3 baseline credit assessment (BCA), its Ba2 long-term foreign currency deposit rating, the short-term local and foreign-currency Not-prime ratings and its B1 foreign subordinate debt rating. In light of the revised bank rating methodology, published…

Zimbabwe dollar to be taken out of circulation

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Harare, Zimbabwe (Capital Markets in Africa) — Zimbabwe’s government has announced it will officially discard the Zimbabwean dollar, formalizing a multi-currency system introduced in 2009 to help stem inflation and stabilize the economy. The central bank will offer $5 for every 175 quadrillion, or 175,000 trillion, Zimbabwean dollars, Governor John Mangudya said in an e-mailed statement from the capital, Harare. While it marks the official dropping of the currency, transactions in the southern African nation…

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