The Editorial Team |

Pembani Remgro Infrastructure Fund raises $245 Million to Power Africa

Johannesburg, South Africa (Capital Markets in Africa):- The Pembani Remgro Infrastructure Fund, announced today that it has achieved a successful first closing of $245 million. In addition, the Fund has received a further commitment equal to 20% of the fund size, capped at $100 million, from the Overseas Private Investment Corporation (OPIC). The formal fundraising process commenced in May 2014, with the aim of achieving final close during 2015 at a target fund size of…

Egypt Market Watch | May 18th 2015: Equity equities surge by EGP 20.3 billion…

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Cairo, Egypt (Capital Markets in Africa):- Egypt’s stock market indices rose and market capitalisation added about EGP 20.3 billion to close at EGP 501.590 billion amid announcement that the government decided to delay implementation of a much debated capital gains tax, which traders have criticised on the grounds that it is keeping away potential investment. The benchmark index EGX30 witnessed its biggest gains in 22 months, gaining 6.5 percent to close at 8,798.17 points (-1.44 percent year-to-date performance)….

Zimbabwe Market Watch | May 18th 2015: Zimbabwe equity market went up 0.81 points (0.53%) to close at 154.84pts

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Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index was up 0.81 points (0.53%) to close at 154.84 points as the mobile giant Econet Wireless gained 2.91 cents to trade at 49.01 cents. The market capitalization was recorded at US$ 4.024 billion. From the market activity perspective, today’s total volume and turnover was recorded at 5.2 million and US$403,733 respectively exchanging in five shares and ten transactions. Foreign investor buys US$139,076 and sells US$245,050. The…

Burundi’s Political Crisis Is Credit Negative

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Bujumbura, Burundi (Capital Markets in Africa):-Last Friday, the United Nations High Commissioner for Refugees said that more than 105,000 people had fled Burundi (unrated) to neighbouring countries to escape political violence after three weeks of demonstrations and a failed coup last Wednesday. The worsening political situation in Burundi threatens to disrupt economic activity and administrative stability, weaken the political will and capacity to implement much-needed structural reform, and jeopardise multilateral and bilateral donor support. Additionally,…

AFDB Agenda for Africa: Akinwumi Adesina, Nigeria’s Agriculture Minister & Candidate for AfDB President

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Abuja, Nigeria (Capital Markets in Africa):- Africa is experiencing a never-before-seen economic and political transformation. Five of the world’s 10 fastest-growing economies are located here. While there are many reasons to celebrate the improved economic performance, daunting challenges remain. Foremost among them are widening economic and social inequalities that have resulted from non-inclusive growth. Africa’s poverty rates are still the highest in the world. Since the end of the colonial era, the African Development Bank…

African Telecommunications sector to boost M&A activity

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London (Capital Markets in Africa):- Moody’s released a report titled: M&A Activity to Reshape Competitive Environment as Markets Mature and Consolidate, on 14 May 2015, stated that it expects more consolidation within African telecom’s markets as existing operators (especially smaller third or fourth tier companies) are looking for ways to minimise costs and increase their market share. The report highlighted further, that African telecoms market comprised of a mix of local, regional and international operators,…

Egypt Market Watch | May 14th 2015: Blood continues on Egypt’s equity markets Street

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Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) plunged further today to its five-week lowest, and shedding off nearly EGP 9.6 billion of its capitalisation to close at EGP 482.232 billion, as investor sentiment continues over the uncertain about the proposed capital gains tax. The benchmark index EGX30 fell 2.52 percent or 214.91 points to close at 8526.43 points; its lowest level since 17 December, 2014. This amounted to a year-to-date performance of…

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