The Editorial Team |

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

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…

Republic of Angola Enters Eurobond Markets with 10-year benchmark bond of US$1.5 billion

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Luanda, Angola, Capital Markets in Africa — Republic of Angola launched its first 10-year benchmark Eurobond on Thursday with the aim of raising US$1.5 billion for long-term economic development and to benchmark the country, according to the Angolan Finance Ministry. The Finance Ministry stated also that a sovereign issuance could enhance Angola’s transparency in the management of its public accounts and better manage the state’s financing costs. The statement further emphasized that the sovereign debt…

South Africa Equity Markets | 22 Oct 2015: Equity Markets Maintains Positive Sentiment lead by Gold sector ….

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Johannesburg, South Africa Capital Markets in Africa —Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) rose by 0.56 percent or 296.00 points to settle at 53,293.97 points and the benchmark JSE Top 40 index ended 220.13 points or 0.46 percent higher to end at 47,814.72 points. From the sector indices, financial sector index added 0.43 percent or 193.60 points at 44,835.44 points. Industrial sector index and industrial 25 index gained 0.47 percent to end at…

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