The Editorial Team |

Kenya Equity Markets | 26 Oct 2015: Investors show cold shoulder, market capitalization US$174 million lower …

Nairobi, Kenya Capital Markets in Africa — Nairobi Securities Exchange equity markets started the week in a negative sentiment. The equity market capitalization ended at KES 1,945 billion after down by KES 17.76 billion (c.US$174 million) or 0.90 percent from the market capitalization of KES 1,963 billion recorded at the previous trading session. The Nairobi All Share Index sagged by 0.90 percent or 1.26 points to end at 138.28 points and the Nairobi Securities Exchange (NSE20) index plunged…

Cote D’Ivoire Stock Markets | 26 Oct 2015: BRVM equity markets start the week in north, composite index 0.52% greater …

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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 303.72 to 305.78 points, a gain of 0.68 percent. BRVM Composite index gained 0.52 percent at 305.82 points against 304.25 points previously. The equity market capitalization grew by XOF 38.8 billion (about US$671million) to close at XOF 7,546 billion relative to the previous trading…

Morocco Equity Markets | 26 Oct 2015: Morocco equity market opens in green, MADEX 0.14% higher …

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Casablanca, Morocco, Capital Markets in Africa —The bull opened the week, the Moroccan benchmark stock index (measured as MASI Index) soared by 0.14 percent to end at 9,018.66 points (with a year-to-date performance to -6.25 percent) with total market capitalization at MAD 454.897 billion (an increase of MAD 643 million or US$68 million relatively to the previous market capitalization of MAD 452.254 billion). The market activity measured as total traded value was recorded at MAD 30.192…

Mauritius Equity Markets | 26 Oct 2015: Positive momentum opens the equity market, investors gain US$23 million …

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius equity trading opened the week on a bullish momentum. The equity market capitalization closed at MUR 209.172 billion after adding MUR 798 million (about US$23 million) compared to previous market capitalization of MUR 208.374 billion. In the same bullish sentiment, the Mauritius All Share Index (SEMDEX index) grew by 0.38 percent or 7.17 points to close at 1,878.33 and SEM10 index soared by…

Moodys assigns provisional (P)Ba2 rating to Angola’s forthcoming US dollar-denominated bond offering

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Luanda, Angola, Capital Markets in Africa — Moody’s Investors Service has today assigned a provisional long-term (P)Ba2 rating to the forthcoming bond to be issued by the Government of Angola. The obligation is a senior unsecured bond issue and ranks pari passu with all current and future senior unsecured indebtedness of Angola. This rating is in line with Angola’s issuer rating of Ba2. This rating action concerns a new rating solicited by the issuer for…

Africa Equity Weekly | 23 Oct 2015: Egyptian Equity pulls African Equity Market to the Green Zone … South Africa, Nigeria among gainers

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Lagos, Nigeria, Capital Markets in Africa — The African equity markets ended in the green zone at the end of Friday 23 October, among the eighteen African equity indices ten ended in green and six in the red zone (Swaziland All Share index and Rwandan All Share index remained unchanged to end at 312.38 points and 133.83 points respectively) compared to the previous week ending Friday 16 October 2015. The overall average return of the eighteen…

Guinness Nigeria Plc announces 22bn net sales for first quarter of financial year

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Lagos, 22 October 2015 – Guinness Nigeria Plc, Nigeria’s leading beverage manufacturer and a subsidiary of Diageo Plc, has announced its financial results for the first quarter ended 30 September 2015. The results showed a 3% increase in revenue year on year. Commenting on the results, Mr. Peter Ndegwa, the company’s Managing Director/Chief Executive Officer, stated: “In the period under review, sales continued to grow despite a challenging trading environment, being 3% ahead of the…

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