The Editorial Team |

Bank of Mauritius cuts the Key Repo Rate by 25 basis points to 4.40 per cent

Port Louis, Capital Markets in African — The Monetary Policy Committee (MPC) of the Bank of Mauritius (Bank) has unanimously decided to cut the Key Repo Rate by 25 basis points to 4.40 per cent per annum to boost domestic economic activity, at its meeting on Monday 9 November 2015. The Key Repo Rate had been kept at 4.65 percent since June 2013 when it was reduced by 25 basis points from 4.9 percent. See…

Cote D’Ivoire Stock Markets | 09 Nov 2015: Equity opens in green, BRVM Composite index adds 0.26%, BRVM-10 index 6bps ..

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Monday higher than the previous day. BRVM 10 index rose from 298.84 to 299.01 points, a gain of 0.06 percent. BRVM Composite index gained 0.26 percent at 304.24 points against 303.46 points previously. The equity market capitalization gained XOF 19.25 billion (about US$31.8 million) to close at XOF 7,507 billion relative to the previous trading…

Egypt Equity Markets | 09 Nov 2015: Bear mood on the EGX, all sector indices in red, market cap US$571 million down …

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Cairo, Egypt, Capital Markets in Africa — The Egyptian Exchange equity trading session moved lower for the second successive trading sessions. The market capitalization closed at EGP 439.232 billion after gaining EGP 4.6 billion (US$571 million) relatively to EGP 443.807 billion recorded at the previous trading session. The benchmark index EGX30 plunged by 2.58 percent or 194.50 points to end 7,347.22 points. The equal-weighted indexes EGX50 dropped 3.48 percent or 44.23 points to settle at 1,228.16 points (with a…

Morocco Equity Markets | 09 Nov 2015: Equity market capitalization US$242 higher, all sector indices in green except Bank …

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Casablanca, Morocco, Capital Markets in Africa — The Bull opened the week after the Moroccan benchmark stock index (measured as MASI Index) advanced by 0.65 percent to end at 9,232.25 points (with a year-to-date performance to -4.03 percent). The equity market capitalization ended at MAD 464.902 billion (an increase of MAD 2.3 million or US$242 million relatively to the previous market capitalization of MAD 462.554 billion). The market activity measured as total traded value was recorded…

Mauritius Equity Markets | 09 Nov 2015 : Equity Market ends in Negative, SEDMEX index 0.07% down …

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PORT LOUIS, Mauritius, Capital Markets in Africa — The bear opened the week and the Mauritius official market equity market capitalization ended at MUR 208.736 billion after dropping MUR 200 million (about US$5.2 million) compared to the previous market capitalization of MUR 208.877 billion. In the same bearish mood, the Mauritius All Share Index (SEMDEX index) sagged by 0.07 percent or 1.26 points to close at 1,874,37 and SEM10 index marginally fell by 0.01 points to…

Africa Oil announces farm-out deal with Maersk Oil for Kenya and Ethiopia blocks ….

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Nairobi, Kenya, Capital Markets in Africa — Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce that it has entered into a definitive farm-out agreement with Maersk Oil & Gas A/S, a Danish oil and gas company owned by the Maersk Group (“Maersk”) whereby Maersk will acquire 50% of Africa Oil’s interests in Blocks 10BB, 13T and 10BA in Kenya and the Rift Basin and South Omo Blocks in Ethiopia in consideration…

Nigerian Q3 Earnings Season Review: Macroeconomic Challenges Weigh on Companies Scorecards

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Lagos, Nigeria, Capital Markets in Africa — The year 2015 has been characterized by a cocktail of macroeconomic challenges which trailed the decline in crude oil prices, and the political and policy uncertainties that shaped the direction of the economy so far in 2015. This is reflected in the trend of key macroeconomic indicators such as the slowing economic growth (Real GDP growth slowed to a 10-year low of 2.4% in Q2:2015), the steadily rising…

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