The Editorial Team |

Nigerian Equity Markets | 26 Nov 2015: NSE All Share Index down 0.2%…Interest in Consumer Goods Stocks Garner Momentum

Lagos, Nigeria, Capital Markets in Africa — The All Share Index shed 0.2% to close at 29,697.12 pts after the positive close (+0.5%) recorded in the previous session. Principally, price depreciation in GUARANTY (-4.5%), ZENITH (-1.8%) and STANBIC (-2.8%) dictated the direction of the benchmark index. At the close of trading, YTD return of the ASI settled at -20.1% with the market capitalization settling at N9.5tn after having lost N16.1bn. Market activity also weakened as volume…

Egypt Equity Markets | 26 Nov 2015: Egypt’s bourse ends on positive note, equities gain EGP 667 million …

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa —– Egypt Exchange equity trading ended on a positive mood at the end of today’s session. The equity market capitalization added EGP 667 million (about US$85.3 million) to end at EGP 415.592 billion relatively to the previous market capitalization of EGP 414.925 billion. The benchmark index EGX30 gained 36.75 points or 0.58 percent to close at 6,427.82 points. The equal-weighted indexes EGX50 grew by 0.33 percent or 3.66 points to trade at…

Morocco Equity Markets | 26 Nov 2015: Moroccan equity indices down and investors lose MAD 247 million …

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa — Casablanca Stock Exchange witnessed negative return at the end of Thursday’s equity trading session. The Moroccan benchmark stock index (measured as MASI Index) went down 0.15 percent to end at 9,108.93 points (with a year-to-date performance to -5.31 percent) with total market capitalization at MAD 458.810 billion (a fall of MAD 247 million or US$28 million relative to previous market capitalization of MAD 459.057). The market activity measured as…

Likelihood of South Africa downgrade to junk remote — S&P

Posted on by The Editorial Team

Johannesburg, south Africa, Capital Markets in Africa — South Africa is unlikely to immediately face credit downgrades that will rank the country’s debt junk at two ratings companies, according to Standard & Poor’s. “Losing two investment-grade ratings, that could be very disruptive” for markets and capital flows … But that’s a very remote possibility”, Konrad Reuss, S&P’s sub-Saharan Africa Managing Director, said at the 13th Annual African Capital Markets Conference in Cape Town on Thursday November 26…

Mauritius Equity Market | 26 Nov 2015: Trading Activities low, indices and market capitalization down …

Posted on by The Editorial Team

PORT LOUIS, Mauritius, Capital Markets in Africa — Bear appeared at the end of Thursday’s equity trading session. The equity market capitalization closed at MUR 202.267 billion after dropping MUR 267 million (about US$7.4 million) relatively to the previous market capitalization of MUR 202.534. The Mauritius All Share Index (SEMDEX index) dropped 0.13 percent or 2.39 points to close at 1,816.28 and SEM10 index fell by 0.08 percent or 0.22 points to close at 349.11 points….

Actis Buys Majority Stake in Nigeria’s Sigma Pensions Operator

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa — Actis LLP, a private equity investor in emerging markets, today completed an investment of $62 million for a majority stake in Sigma Pensions (“Sigma”), a leading Pension Fund Administrator (“PFA”) in Nigeria. Actis is partnering with Sigma’s founder and Chief Executive Officer, Mr Umaru Modibbo and the current management team. Founded in 2004 and headquartered in Abuja, Sigma was one of Nigeria’s first PFAs and now has over…

Caterpillar launches free e-learning for technicians in Nigeria, Mozambique and DR Congo

Posted on by The Editorial Team

LAGOS,Nigeria, Capital Markets in Africa — Caterpillar today announced that it has launched the pilot-phase of the Technicians for Africa Project, an e-learning website for people who aspire to become a technician in Nigeria, Mozambique and DR Congo. The website, which is available in French, Portuguese and English, is leveraging Caterpillar’s existing, state of the art e-learning solutions and makes them available for anyone in the three countries that has the ambition to develop a…

« 1 … 947 948 949 950 951 … 1,070 »