The Editorial Team |

Africa Equity Weekly | 16 Oct 2015: Egyptian equity 3.4% higher, Nigeria All Share 1.1% down, South Africa equity 0.7% lower

Lagos, Nigeria, Capital Markets in Africa — At the end of Friday 16 October, out the eighteen African equity indices eleven ended in negative and seven in the positive zone relative to the week ending 09 October 2015. The overall weekly average return of the eighteen stock indices was -0.74 percent w-o-w. Egyptian EGX 30 Index topping the gainers’ list by adding 3.38 percent week-on-week (w-o-w) to end the week at 7,594.45 points. It followed BRVM Composite…

Cote D’Ivoire Stock Markets | 16 Oct 2015: BRVM Equity ends lower, indices and market capitalization down by US$54 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 Friday lower than the previous day. BRVM 10 index decreased from 305.27 to 303.65 points, a drop of 0.53 percent. BRVM Composite index lost 0.42 percent at 303.47 points against 304.76 points previously. The equity market capitalization gained XOF 32 billion (about US$54.3 million) to close at XOF 7,489 billion relative to previous trading sessions’…

Tanzania Equity Markets | 16 Oct 2015 : Tanzania Equity Ends in Green zone, All Share index 0.54% higher …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — On Friday, the equity market capitalization gained TZS 187 billion (about US$85.87 million) to end at TZS 21,054 billion relative to market capitalization of TZS 20,867 billion recorded at previous trading session. The Dar es Salaam Stock Exchange All Share index (DSEI) advanced by 12.83 points or 0.54 percent to end at 2,403.58 points. Also, Tanzanian domestic Share Index lost 12.37 points or 0.27 percent to…

Angola cuts budget by 50% as oil prices fall

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Luanda, Angola, Capital Markets in Africa — The government of Angola, sub-Saharan Africa’s second-largest crude producer, cut spending by half this year following a plunge in oil prices. Vice President Manuel Vicente who made the announcement said the country has reduced public investment by 53 percent. Oil prices have slumped by more than half since June, threatening Angola, which relies on crude for almost all of its exports and more than two-thirds of government income….

Morocco Equity Markets | 16 Oct 2015: Casablanca Stock Exchange equity market returns to Red, lose US$100 Million …

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Casablanca, Morocco, Capital Markets in Africa —Casablanca Stock Exchange equity markets returned in the red zone at the end of Friday’s trading session. The Moroccan benchmark stock index (measured as MASI Index) faltered by 0.17 percent to end at 9,007.41 points (with a year-to-date performance to -6.37 percent) with total market capitalization at MAD 453.427 billion (a decrease of MAD 963 million or US$100 million relative to previous market capitalization of MAD 454.390 billion). The market activity measured…

Mauritius Equity Markets | 16 Oct 2015 : Mauritius Equity Ends in Red, Investors US$20 poorer, SEMDEX 0.34% lower

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PORT LOUIS, Mauritius, Capital Markets in Africa — Mauritius stocks stayed in the southern region through the week, hence ended in a bearish mood. The equity market capitalization ended at MUR 207.077 billion after dipping by MUR 703 million (about US$20 million) compared to previous market capitalization of MUR 207.780 billion. The Mauritius All Share Index (SEMDEX index) sagged by 0.34 percent or 6.31 points to close at 1,859.50 and SEM10 index lost 0.32 percent 1.15…

IFC Launches Mini-Grid Program to Increase Energy Access in Tanzania

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Dar es Salaam, Tanzania, Capital Markets in Africa — International Finance Corporation (IFC), a member of the World Bank Group, this week launched a $5 million program to increase access to energy in Tanzania by developing a market for mini-grids. The initiative aims to bring affordable, off-grid renewable energy to households and businesses in rural Tanzania. IFC will work with project developers in Tanzania to promote commercially viable mini-grid business models, and will advise banks…

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