The Editorial Team |

African economies grew by 3.9% GDP in 2014 amid global and regional shocks

Abidjan Cote D’Ivoire (Capital Markets in Africa) — African economies registered 3.9% average GDP growth in 2014 compared to the 3.7% in 2013. This reflects resilience to global and regional shocks which affected the continent last year, according to the African Development Bank Group’s Annual Report, which was released Wednesday, May 27 in Abidjan. According to the report, despite the negative impacts of low commodity prices, the Ebola epidemic in West Africa as well as…

Botswana Market Watch | May 27th 2015: Botswana equity market continues the positive trend

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Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index continued to head northwards, gaining 0.01 percent (to close at 10,457.26 point) to extend its year-to-date growth by 10.06 percent. However, the foreign composite index remained flat to close at 1,569 points and year-to-date return is still in the red, reflecting the depressed international commodity market. The equity market capitalization was recorded at BWP 381.455 billion. Looking at the market activity; the total volume and total turnover were recorded at 3.807…

Botswana Market Watch | May 26th 2015: Botswana equity index continued to head northwards

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Cote d’Ivoire Market Watch | May 26th 2015: BRVM index up but BRVM10 index down

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Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) main indices closed the trading session this Tuesday, lower than the previous day for BRVM 10, and higher for BRVM Composite. BRVM 10 index decreased from 273.71 to 273.41 points, a drop of 0.11 percent. BRVM Composite index gained 0.18 percent to 266.38 against 265.91 points previously. The equity market capitalization was recorded at XOF 6,573.13 billion. Looking at the…

Omidyar Network Bets on Nigeria’s Growing Travel and Tourism Sector with Investment in Hotels.ng

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Lagos, Nigeria (Capital Markets in Africa) — Omidyar Network today announced an investment in Hotels.ng, a hotel-booking platform in Nigeria. The company provides an online marketplace to connect consumers to more than 14,000 small and medium hotels in the country, most with no prior digital presence. The Series A round investment is part of Omidyar Network’s Consumer Internet & Mobile initiative, which focuses on supporting new digital solutions to connect people, enabling them to share…

New IFC and Ecobank Facility to Finance SMEs in Fragile and Conflict-Affected States in West and Central Africa

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Burundi, (Capital Markets in Africa) -IFC, a member of the World Bank Group, and Ecobank Transnational Incorporated, parent company of the Ecobank Group and leading pan-African full-service banking group, today announced the launch of a $110 million risk-sharing facility that will increase access to finance for small and medium sized enterprises in fragile and conflict-affected states in West and Central Africa. The target countries face extreme and persistent poverty exceeding 50 percent of their populations,…

Moody’s affirms Tunisia’s government issuer rating at Ba3 and changes the outlook to stable from negative

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Tunis, Tunisa (Capital Markets in Africa) — Global rating agency Moody’s has affirmed Tunisia’s government issuer rating at Ba3 and changed the outlook to stable from negative. The key drivers for the ratings rationale were attributed to a significant decline in domestic political risk emphasized by the successful democratic transition and installing of a broad unity government. As well as reduced external funding challenges following the resumption of official financing and access to international capital…

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