The Editorial Team |

Lekela Power signs MoU for US$350m wind power station in Egypt, following meeting with President Al-Sisi

CAIRO, Egypt, Capital Markets in Africa —– Actis controlled Lekela Power, a $1.9bn pan-African renewable power generation company has signed a Memorandum of Understanding with the Egyptian Electricity Transmission Company for a 250 MW wind power station in Egypt’s Gulf of Suez area. Lekela Power is owned 60% by Actis, a leading emerging markets investor and 40% Mainstream Renewable Power, a global wind and solar company. This latest power station is Lekela Power’s third project…

Cote D’Ivoire Stock Markets | 05 Nov 2015: Transportation, financial sector pull BRVM indices to the south …

Posted on by The Editorial Team

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Thursday higher than the previous day. BRVM 10 index rose from 298.37 to 299.06 points, a gain of 0.23 percent. BRVM Composite index gained 0.39 percent at 303.64 points against 302.45 points previously. The equity market capitalization gained XOF 29 billion (about US$49 million) to close at XOF 7,493 billion relative to the previous trading…

Kenya Equity Markets | 05 Nov 2015: Bullish returns to NSE, Market Cap US$350 million, Equity Group most traded …

Posted on by The Editorial Team

Nairobi, Kenya Capital Markets in Africa — Bullish returned to the Nairobi Securities Exchange equity trading at the end of Thursday’s trading session. The equity market capitalization closed at KES 1,961 billion after gaining KES 35.7 billion (c.US$350 million) or 1.86 percent from the market capitalization of KES 1,925 billion recorded at the previous trading session. The Nairobi All Share Index gained 1.85 percent or 2.53 points to end at 139.42 points and the Nairobi Securities Exchange (NSE20)…

Egypt Market Watch | 05 Nov 2015: Positive mood stays on, all sector indices in green, shareholders value US$449 million up …

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa — The Egyptian Exchange equity trading session stayed in the southward region after EGX30 index hit its 3-week high. The market capitalization closed at EGP 452.309 billion after gaining EGP 3.6 billion (US$449 million) relatively to EGP 448.694 billion recorded at the previous trading session. The benchmark index EGX30 added 1.23 percent or 91.36 points to end 7,541.72 points. The equal-weighted indexes EGX50 grew by 1.66 percent or 20.79 points to settle at…

Morocco Equity Markets | 05 Nov 2015: Equity markets continue uptrend, investors reward with US$ 323 million …

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa — The Bull continued its supremacy on the Moroccan equity trading session after the Moroccan benchmark stock index (measured as MASI Index) surged by 0.65 percent to end at 9,172.84 points (with a year-to-date performance to -4.65 percent). The equity market capitalization ended at MAD 462.554 billion (an increase of MAD 3.13 billion or US$323 million relatively to the previous market capitalization of MAD 459.420 billion). The market activity measured…

Mauritius Equity Markets | 05 Nov 2015 : Bear shows up at the SEM Equity markets,

Posted on by The Editorial Team

PORT LOUIS, Mauritius, Capital Markets in Africa — The bear appeared at the end of Thursday’s trading session at the Stock Exchange of Mauritius. The Mauritius official market equity market capitalization ended at MUR 209.877 billion after dropping MUR 278 million (about US$7.7 million) compared to the previous market capitalization of MUR 210.155 billion. In the same bearish mood, the Mauritius All Share Index (SEMDEX index) sagged by 0.13 percent or 2.49 points to close at…

Egypt’s economic and fiscal conditions are improving, but large financing needs ….

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa — Reforms have sparked improvements in Egypt’s (B3 stable) public finances and economic conditions, but challenges remain, says Moody’s Investors Service in a report published on 3rd November 2015. The rating agency notes that the challenges include the government’s large financing needs, structural economic issues such as high unemployment and inflation, and elevated political risks. The rating agency projects real GDP growth of 5.0% for the current fiscal year…

« 1 … 968 969 970 971 972 … 1,077 »