The Editorial Team |

TANESCO’s Managing Director to address Tanzania’s leading investors at forum for power sector development this December

As Tanzania’s leaders are praised for its peaceful handling of elections, an increasing number of projects are appearing which show case a country that is maturing, growing in confidence and cooperating with the right kind of partners to help it achieve its long-term goal of becoming a regional hub. The Powering Africa: Tanzania investment briefing will take place from 3-4 December at the Hyatt Regency Dar es Salaam hotel. The meeting is designed for professionals…

Kenya Equity Markets | 16 Oct 2015: Kenya Equity Traders smile today, Market cap gains US$170 Mill …

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Nairobi, Kenya Capital Markets in Africa — On Friday, Nairobi Securities Exchange stock markets got a relief by ending in the North Pole after reaching a four year low on Thursday’s trading session. The equity market capitalization ended at KES 1,926 billion after gaining KES 17.40 billion (c.US$169 million) or 0.91 percent from the market capitalization of KES 1,909 billion recorded at previous trading session. The Nairobi All Share Index jumped by 0.91 percent or 1.32 points to…

Nigerian Equity Markets | 16 Oct 2015: Nigerian All Share index 0.5% higher amid strong Q3 results ….

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Lagos, Nigeria, Capital Markets in Africa — Following the trickling in of some Q3:2015 results that began yesterday, the market ended the week stronger than it opened, closing 0.5% higher to 29,834.21 points. Market capitalization equally improved N46.1bn to settle at N10.3tn. Today’s sustained positive performance was against renewed buying interest in ZENITH (+3.9%), GUARANTY (+2.0%) and FORTE OIL (+3.7%). Market activities measured by volume and value however declined 9.0% and 35.3% to 157.3m units and…

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

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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….

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