The Editorial Team |

AfDB with GEF support continues to strengthen resilience to climate change in Africa

Lagos, Nigeria (Capital Markets in Africa) — The Global Environmental Facility (GEF) approved USD 35 million in funding to improve climate resilience to be channeled through the African Development Bank for programs in Côte d’Ivoire, Chad, Zambia, in addition to one which spans several countries. The announcement was made at the recent 48th session of the GEF Council Meeting during which the largest GEF work program in its 23 years of history – USD 709…

Cote d’Ivoire Market Watch | June 8th 2015: BRVM equity market cap lost XOF 75 billion, indices drop

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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 Monday, lower than the previous day. BRVM 10 index decreased from 278.86 to 274.10 points, a drop of 1.71%. BRVM Composite index lost 1.10% to 270.46 against 273.47 points previously. Likewise, the equity market capitalization lost XOF 74.3 billion to close at XOF 6,673.82 billion compared with previous trading sessions’ market capitalization of XOF 6,748.12 billion….

South African logistics group received ZAR 30 billion loan from the China Development Bank

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Cape Town, South Afric (Capital Markets in Africa) — At the World Economic Forum for Africa Press Conference, the acting CEO of Transnet, Siyabonga Gama, stated the comopany had obtained a loan of ZAR 30 billion (US$ 2 billion) from the China Development Bank to finance the modernization of its aging trains fleet . He added that ZAR 18 billion have already been disbursed to the group by China Development Banke. Also, the duration of the loan is 15 years…

Wealthy Africans boost need for niche financial services

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Johannesburg, South Africa (Capital Markets in Africa) :- UBS Group AG, the Swiss company that says it banks more billionaires than any other, said wealthy Africans are rapidly adding to the ranks of the rich on the continent and this rise has seen them needing more specialised financial services. Key markets on the continent for UBS include Nigeria and South Africa, plus an East African block covering Kenya, Tanzania and Uganda, Martin Emodi, the bank’s…

Morocco Market Watch | June 5th 2015: Moroccan equity market ends the week on bullish mood, adds MAD 180 million today

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Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market ended the week on bullish mood. Morocco’s benchmark stock index (MASI Index) added 0.03 percent to close at 9,736.55 points (increased year-to-date performance to 1.21 percent) with total market capitalization at MAD 494.616 (gained MAD 180 billion compared to previous trading sessions market capitalization of MAD 494.598 billion) and market activities measured as total traded value was recorded at MAD 49.739 million (a reduction of 29 percent…

Zimbabwe Market Watch | June 5th 2015: Zimbabwe stock equity ends the week on positive note but negative today.

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Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index ended the week lower at 153.49 point losing 0.15 points or 0.10 percent. Despite today’s loss the industrial index end on positive territory, by adding 0.53 points or 0.35 percent compared to week ending 29 May 2015. Likewise, the market capitalization ended the week at US$ 3.994 billion, by adding US$16 million compared to US$3.978 billion recorded the week closing 29 May 2015. The…

African governments urged to invest in sustainable infrastructure

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Abidjan, Cote D’Ivoire (Capital Markets in Africa) —There’s a huge demand for infrastructure in Africa and yet the money coming from donors and governments is not sufficient. As a result, African governments need to look at innovative ways to finance the infrastructure gap, including engaging in more public-private partnerships (PPPs). This was the overriding message conveyed during a panel discussion on “Financing Infrastructure – Raising the bar” that took place on Thursday, May 28 at…

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