The Editorial Team |

African Stock Market October 2015 Performance: South African equity best performer for local and foreign investors in October, BRVM YTD leader …

Lagos, Nigeria Capital Markets in Africa — African stock market performance measured by country equity benchmark index returns ended in negative for the month of October, with six gainers and twelve losers on the local currency basis. Still on local basis return, the October’s average return of -0.9 percent was recorded across eighteen African stock indices and October monthly returns range from -6.6 percent recorded by the Kenyan equity markets (measured by NSE All Share Index) to +7.4 percent registered by the South African…

African Development Bank issues 0.75% US$1 billion 2-year global benchmark due 3 November 2017

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On Tuesday, October 27, 2015, the African Development Bank (AfDB) successfully launched and priced a new 1 billion 2-year US dollar global benchmark due November 3, 2017. This is the AfDB’s second US dollar global benchmark of the year following a successful 5-year benchmark transaction executed in February, and its first 2-year global benchmark since 2009. The 2-year benchmark transaction was announced on Monday, October 26th at 1:30 p.m. London time with initial pricing thoughts in…

Ease of Doing Business: Mauritius is the African champ, Eritrea worst globally …

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Lagos, Nigeria, Capital Markets in Africa — The Doing Business 2016: Measuring Regulatory Quality and Efficiency, a World Bank Group flagship publication, was released on 27th October 2016. Singapore remained the world’s easiest place to do business for the ninth year in a row the World Bank said in its report that ranks 189 countries based on 10 criteria tied to the business climate, such as ease of opening a business, paying taxes or getting…

Nigerian Equity Markets | 30 Oct 2015: Nigerian Equities end the week negative … NSE ASI 90bps lower

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market ended the week negative, closing the last trading session for the week 0.9% lower as the All share Index settled at 29,190.54pts, sustaining a week-long of bearish sentiment. Market capitalisation equally shed N87.4bn to berth at N9.9tn for the week. Today’s decline remained on account of sell pressure on OANDO. We observed that the Oil and Gas Stock has plunged 40.0% since the submission of…

Cote D’Ivoire Stock Markets | 30 Oct 2015: Bear stays on the BRVM bourse, market cap US$65mn lower and BRVM composite index 0.50% down …

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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 Friday lower than the previous day. BRVM 10 index decreased from 303.75 to 301.47 points, a drop of 0.75 percent. BRVM Composite index lost 0.50 percent at 303.31 points against 304.84 points previously. The equity market capitalization plunged by XOF 37.6 billion (about US$65 million) to close at XOF 7,485 billion relative to the previous…

Morocco Equity Markets | 30 Oct 2015: MASI Index closes higher, traders pocket US$193 Million …

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Casablanca, Morocco, Capital Markets in Africa —On Friday, the equity trading ended in positive both the market indices and market capitalization closed higher. The Moroccan benchmark stock index (measured as MASI Index) surged by 0.54 percent to close at 9,081.80 points (with a year-to-date performance to -5.60 percent) with total market capitalization at MAD 457.646 billion (gains f MAD 1.86 billion or US$193 million relatives to previous market capitalization of MAD 455.782). The market activity measured…

Moody’s says Nigeria’s Sterling Bank’s credit profile likely to be resilient to downside risks

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London, Capital Markets in Africa — Nigeria’s Sterling Bank Plc is likely to remain resilient to downside risks despite its rising problem loans, says Moody’s Investors Service in a report published today. Moody’s outlook on the bank is stable for the next 12-18 months. “The bank reported 1H2015 results that show a continued upward trend in the bank’s non-performing loans (NPLs) and highlights vulnerabilities in the bank’s asset quality given its rapid loan growth in…

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