The Editorial Team |

AfDB provides US $22 million to fund Mahe Sustainable Water Augmentation Project in Seychelles

Victoria, Seychelles (Capital Market in Africa) — The Government of the Republic of Seychelles has received a loan worth US $ 20.6 million, in addition to a US $1.668 million grant, from the African Development Bank (AfDB) to finance part of the Mahe Sustainable Water Augmentation Project. The accords were signed on May 27, on the sidelines of the AfDB’s 50th Annual Meetings held in Abidjan, Côte d’Ivoire. Signing the AfDB loan and the grant…

Ghana Market Watch | June 9th 2015: Ghana equity composite Index gains 0.54% and market cap up GHS 245 million

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Accra, Ghana (Capital Markets in Africa):- Ghana equity markets indices and market capitalization increased at the end of today’s trading session. The benchmark composite index gained 12.81 points (about 0.54 percent) to end the day at 2,386.51, bringing the year- to- date return to 5.55 percent. Equally, the financial Index rose by 12.39 points or 0.51 percent to 2,439.90 with a year-to-date return of 8.75 percent. Alike, the market capitalization added nearly GHS 245.15 million (0.38 percent) to settle at GHS 64,798.53 million….

Mauritius Market Watch | June 9th 2015: Mauritius equity market extends positive run, market cap adds MUR 188 million

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market continued on a positive territory today, the SEMDEX index went up by 0.09 percent to reach 1,976.34 points and the Sem-10 rose by 0.17 percent to 375.59 points. The market capitalization was recorded at MUR 219.724 billion (against MUR 219.536 billion recorded yesterday) and overall total volume trade recorded at 3.964 million and turnover amounted to MUR 47.899 million. SBM Holdings Limited recorded 3.312 million…

Dubai’s Access Infra Africa to Boosts Africa’s Power Supply by US$500 million

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Accra, Ghana (Capital Markets in Africa) — Access Infra Africa, a Dubai-based company, will launch what it says will be Africa’s largest privately owned solar plant in Uganda this year, part of plans to develop electricity projects in 17 African countries, mainly based on renewable energy. The company will spend USD 500m in the next three years on power generation plants, including in Egypt, Ghana, Uganda, Tanzania, Kenya and Mozambique, Reda el-Chaar, executive chairman of Access…

Morocco Market Watch | June 9th 2015: Moroccan equity market extends bearish run, falls MAD 7 billion and index down 131 bps today

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Casablanca, Morocco (Capital Markets in Africa):- The bearish extends today at Morocco equity market. Morocco’s benchmark stock index (MASI Index) fell by 1.31 percent to close at 9,595.92 points (with a year-to-date performance to -0.25 percent) with total market capitalization at MAD 487.150 (lost MAD 6.88 billion compared to previous trading sessions market capitalization of MAD 494.036 billion) and market activities measured as total traded value was recorded at MAD 187.873 million (a rise of 430…

Egypt Market Watch | June 9th 2015: Egyptian equity market deepens further today and give up EGP 402 million

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Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices closed Tuesday on a negative note, with the market capitalisation losing nearly EGP 402 million to close at EGP 492.076 billion (against EGP 492.076 billion recorded yesterday), pressured by institutional Arab and foreign investor selling as a result of aniticipated MSCI market classification review expected later today. The benchmark index EGX30 fell by 0.13 percent or 11.40 points to end the day at 8,660.93 points (-2.98 percent…

Zimbabwe Market Watch | June 9th 2015: Zimbabwe industrial index falls by 0.54% and market cap loses US$21 million

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Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index continues on a negative note, by falling 0.82 points (0.54 percent) to settle at 152.61 points. Likewise, the market capitalization was recorded at US$ 3.979 billion losing US$21 million against previous trading session. The market activity today recorded a turnover of US$1.653 million exchanged in 19 securities via 41 trade transactions. Foreign investor buys US$1.085 million and foreign sells US$700,298 today. Out of the…

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