The Editorial Team |

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

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

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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 …

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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

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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

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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…

Nigerian Equity Markets | 25 Nov 2015: Stock Market Rebounds on MPR Cut but Sell Down Persists in Oil & Gas Sector

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Lagos, Nigeria, Capital Markets in Africa — After reaching the lowest point since February 2015 in the prior session, the Nigerian equities market rebounded today following cuts in MPR (from 13.0% to 11.0%) by the monetary authorities yesterday. The All Share Index rose 0.5% to settle at 27,743.92pts today. Investors gained a total of N52.3bn as market capitalization increased to N9.5tn. Market activity was mixed as volume and value traded closed 203.8m units (+15.6%) and N2.8tn…

Cote D’Ivoire Stock Markets | 25 Nov 2015: Equity Indices down and market capitalization US$31 million higher …

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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 Wednesday, slightly lower than the previous day for BRVM 10, and higher for BRVM Composite. BRVM 10 index decreased from 295.08 to 295.06 points, a drop of 0.01 percent. BRVM Composite index gained 0.25 percent at 303.11 points against 302.35 points previously. The equity market capitalization lost XOF 18.9 billion (about US$30.5 million)…

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