The Editorial Team |

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

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…

Mauritius Equity Markets | 28 Oct 2015 : Stock Exchange of Mauritius Equity Witnesses Bull, Indices Higher, Investors US$15 Million richer …

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PORT LOUIS, Mauritius, Capital Markets in Africa — On Wednesday, the Stock Exchange of Mauritius equity bounced back to positive trading, so indices and shareholder values appreciated. The equity market capitalization closed at MUR 209.568 billion after adding MUR 526 million (about US$15 million) compared to previous market capitalization of MUR 209.042 billion. In the same positive mood, the Mauritius All Share Index (SEMDEX index) rose by 0.25 percent or 4.73 points to close at 1881.88…

Bamboo Finance and Louis Dreyfus Holding Launch Impact Investment Fund NISABA, Focusing on Agribusiness in Sub-Saharan Africa

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Lagos, Nigeria, Capital Markets in Africa — Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in developing economies and Louis Dreyfus Holding, which owns a controlling stake in leading global agribusiness Louis Dreyfus Commodities, announced today a partnership to launch and jointly manage NISABA, a US$50 million impact investment fund project with a focus on small- and medium-sized agribusiness enterprises (SMEs) in Sub-Saharan Africa. As project sponsor, Louis Dreyfus Holding…

South Africa Equity Markets | 27 Oct 2015: South Africa Equity ends in red, resource index 2.94% lower …

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Johannesburg, South Africa Capital Markets in Africa —On Tuesday, the Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) sagged by 0.70 percent or 380.41 points to settle at 53,770.29 points and the benchmark JSE Top 40 index ended 338.00 points or 0.70 percent lower to end at 48,231.26 points. The financial sector index lost 0.38 percent or 172.60 points at 45,506.35 points. Industrial sector index and industrial 25 index dipped by 0.64 percent to end…

Tanzania Equity Markets | 27 Oct 2015: Negative Momentum Return Again, All Share Index 0.70% Lower …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — On Tuesday, the Bear appeared on the Dar Es Salaam Stock Exchange equity markets trading floor as all indices and market capitalization closed lower. The equity market capitalization dropped TZS 151 billion (about US$70 million) to end at TZS 20,996 billion relative to a market capitalization of TZS 21,147 billion recorded at the previous trading session. The Dar Es Salaam Stock Exchange All Share index (DSEI)…

Nigerian Equity Markets | 27 Oct 2015: Equities Extend Losses into 5th Trading Session… ASI Dips 86bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market extended losses into the fifth trading session as the All Share Index (ASI) declined 0.9% to close at 29,572.90 whilst market capitalization shed N88.0bn to close at N10.2tn. Today’s decline in the benchmark index followed sustained selling pressure in OANDO (-9.7%), blue-chip Banking counters — GUARANTY (-2.9%), STANBIC (-5.0%), FBN HOLDINGS (-4.9%), ZENITH (-1.7%) and UBA (-4.8%) — and Consumer Goods equities – GUINNESS (-5.0%)…

Cote D’Ivoire Equity Markets | 27 Oct 2015: Bullish mood continues, investors smile home with US$18 Million …

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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 Tuesday higher than the previous day. BRVM 10 index rose from 305.78 to 305.95 points, a gain of 0.06 percent. BRVM Composite index gained 0.13 percent at 306.23 points against 305.82 points previously. The equity market capitalization grew by XOF 10.2 billion (about US$17.51million) to close at XOF 7,557 billion relative to the previous trading…

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