The Editorial Team |

Nigerian Equity Markets | 28 Oct 2015: Bearish Run Continues on Nigerian Equity Markets…. ASI declines 60bps

Lagos, Nigeria, Capital Markets in Africa — The Nigerian stock market sustained its bearish run into the 6th trading session as the benchmark equities index – All Share Index (ASI) dipped 60bps to close at 29,396.31pts, bringing WTD, MTD and YTD returns to -2.1%, -5.8% and -15.2% respectively. Similarly, market capitalization shed N60.7bn to N10.1tn. The sustained losing streak in the bourse was against the backdrop of continued selling pressure in OANDO (-9.6%) and STANBIC (-7.5%)…

Tanzania Equity Markets | 28 Oct 2015: Dar es Salaam Stock end in bearish … investors lose US$22 million …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — The bearish mood stayed at the end of Wednesday’s trading session, the equity market capitalization dipped by TZS 48.39 billion (about US$22 million) to end at TZS 20,947 billion relative to a market capitalization of TZS 20,996 billion recorded at the previous trading session. The Dar Es Salaam Stock Exchange All Share index (DSEI) sagged by 5.77 points or 0.24 percent to end at 2,391.56 points….

Kenya Equity Markets | 28 Oct 2015: NSE All Share, Market Cap higher but NSE 20, NSE 25 Index lower …

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Nairobi, Kenya Capital Markets in Africa — At the end of Wednesday’s trading session, the equity market capitalization ended at KES 1,941 billion after gaining KES 1.82 billion (c.US$18 million) or 0.09 percent from the market capitalization of KES 1,939 billion recorded at the previous trading session. The Nairobi All Share Index surged by 0.09 percent or 0.13 points to end at 137.99 points but the Nairobi Securities Exchange (NSE20) index plunged by 7.63 points or 0.19 percent…

Cote D’Ivoire Equity Markets | 28 Oct 2015: BRVM Composite index lost 0.02%, market cap down by US$5 Mill …

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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 Wednesday lower than the previous day. BRVM 10 index decreased from 305.95 to 305.30 points, a drop of 0.21 percent. BRVM Composite index lost 0.04 percent at 306.11 points against 306.23 points previously. The equity market capitalization grew by XOF 2.9 billion (about US$5.0 1million) to close at XOF 7,554 billion relative to the previous…

Rwanda’s Capital Market and City of Kigali studying to address financial problems of city housing costs

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Kigali, Rwanda, Capital Markets in Africa — The City of Kigali (CoK) and the Rwandan Capital Market Authority (CMA) are studying moves to spearhead a financial scheme to enable residents in unplanned settlements within the city to move into a decent modern housing. The scheme which is under study will also enable modern buildings as planned in the Master Plan of the City of Kigali. The study is expected to be completed by end of the…

Morocco Equity Markets | 28 Oct 2015: Casablanca Bourse stock indices end higher, investors pocket US$87 million

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Casablanca, Morocco, Capital Markets in Africa —On Wednesday, Casablanca Stock Exchange ended in the green district after stayed in the red for a day. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.15 percent to end at 8,993.29 points (with a year-to-date performance to -6.52 percent) with total market capitalization at MAD 453.794 billion (an increase of MAD 834 million or US$87 million relatively to the previous market capitalization of MAD 452.960 billion)….

Fact: Need to Tap into Diaspora Remittance to weather the storm …

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Nairobi, Kenya, Capital Markets in Africa — A remittance is money sent by a person in a foreign land to his or her home country. Due to the huge sums involved, remittances are now being recognized as an important contributor to the country’s growth and development. According to data from the Central Bank of Kenya, the remittance inflows to Kenya in August 2015 increased by 3.2 percent to US$ 132.9 million compared to USD 128.8 million in…

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