The Editorial Team |

Actis Buys Majority Stake in Nigeria’s Sigma Pensions Operator

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)…

Egypt Equity Markets | 25 Nov 2015: Equity Investors smile home with US$192 million, EGX30 Index 1.10% higher ..

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Cairo, Egypt, Capital Markets in Africa — Egypt Exchange equity indices ended on a positive note at the end today’s trading session. The equity market capitalization added EGP 1.5 billion (about US$192 million) to end at EGP 414.357 billion relatively to the previous market capitalization of EGP 413.425 billion. The benchmark index EGX30 added 69.68 points or 1.10 percent to close at 6,391.07 points. The equal-weighted indexes EGX50 grew by 0.40 percent or 4.37 points to trade at…

Nigerian Deportees From The UK 48 Not 500 …

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Contrary to the report that about 500 Nigerians were deported by the United Kingdom to Nigeria early morning today, Wednesday, November 25, the United Kingdom Government has clarified that only 48 Nigerians were actually deported. A top official of the Nigeria Immigration Service (NIS) also confirmed that only 48 Nigerians deportees arrived from the UK, adding that the 48 deportees had nothing to do with the 29,000 Nigerians that the UK was planning to deport…

Morocco Equity Markets | 25 Nov 2015: Morocco shareholders’ value gains US$70 million, indices up …

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Casablanca, Morocco, Capital Markets in Africa — The bull retained its supremacy at the Casablanca Stock Exchange at the end of today’s equity trading session. The Moroccan benchmark stock index (measured as MASI Index) added 0.15 percent to end at 9,122.70 points (with a year-to-date performance to -5.17 percent) with total market capitalization at MAD 459.057 billion (a gain of MAD 706 million or US$70 million relative to previous market capitalization of MAD 458.351). The market…

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