The Editorial Team |

Cote D’Ivoire Stock Markets | 14 Oct 2015: BRVM Equity indices end higher, distribution sector gains 1% …

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Wednesday higher than the previous day. BRVM 10 index rose from 302.42 to 303.81 points, a gain of 0.46 percent. BRVM Composite index gained 0.35 percent at 303.26 points against 302.20 points previously. The equity market capitalization rose by XOF 26 billion (about US$45 million) to close at XOF 7,483 billion relative to previous trading…

Morocco Equity Markets | 14 Oct 2015: Morocco stock traders smile home with US$158 million …

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Casablanca, Morocco, Capital Markets in Africa —Casablanca Stock Exchange backed to positive region after just a day in positive zone. The Moroccan benchmark stock index (measured as MASI Index) pulled up by 0.37 percent to end at 9,022.65 points (with a year-to-date performance to -6.21 percent) with total market capitalization at MAD 454.390 billion (an increase of MAD 1.52 billion or US$158 million relative to previous market capitalization of MAD 452.870 billion). The market activity measured as…

Mauritius Equity Markets | 14 Oct 2015: Mauritius equity suffers further loses, SEMDEX and SEM 10 indices lower …

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PORT LOUIS, Mauritius, Capital Markets in Africa — Bear mood persisted at the end of today’s trading session. The equity market capitalization ended at MUR 208.511 billion after dropping MUR 1.29 billion (about US$36.1 million) compared to previous market capitalization of MUR 209.798 billion. The Mauritius All Share Index (SEMDEX index) sagged by 0.61 percent or 11.56 points to close at 1,872.38 and SEM10 index dropped 0.72 percent 2.57 points to end at 356.94 points. From…

Egypt Seeks US$3 Billion World Bank Loan to Support Budget

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Cairo, Egypt, Capital Markets in Africa — Egypt will receive a US$3-billion loan from the World Bank in installments over the next three years to support the state’s budget, Finance Minister Hany Dimian said on the side-lines of an economic conference on Wednesday. “The government is aware of the economic conditions which we’re passing through, and there is a deficit in the budget and we have to handle it gradually,” Prime Minister Sherif Ismail said…

South Africa Equity Markets | 13 Oct 2015: JSE ends higher, industrial sector lead gains by 1.53%, resources 0.85% lower …

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JOHANNESBURG, South Africa, Capital Markets in Africa — The South Africa equity backed to positive mood after a day in negative territory. Johannesburg Stock Exchange (JSE) All Share index closed 0.58 percent or 305.46 points higher to close at 53,063.06 points. The JSE Top 40 index also added 402.10 points or 0.85 percent to end at 47,643.86 points. Looking at the sector indices, JSE financial sector index fell by 0.65 percent to end at 43,925.77 points. Both Industrial and industrial…

Mediterrania Capital Partners in Société Meunière Tunisienne acquisiton

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Tunis, Tunisia, Capital Markets in Africa — Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 23% stake in Société Meunière Tunisienne through its second fund Mediterrania Capital II (“MC II”). Mediterrania Capital II has acquired a 23% stake in Société Meunière Tunisienne (SMT), a Tunisian company specialising in wheat collection, transformation and distribution. SMT, with its brand “Randa”,…

Nigeria’s President asks head of biggest private equity firm to join cabinet

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Lagos, Nigeria, Capital Markets in Africa — Nigeria’s President Muhammadu Buhari has asked the head of the country’s biggest private equity firm to join his cabinet, Senate President Bukola Saraki said on Tuesday, as lawmakers started screening candidates for a long-awaited government. Saraki did not specify a portfolio for Okechukwu Enyinna Enelamah, head of African Capital Alliance (ACA), as he read out a second batch of Buhari’s cabinet nominees that need to be approved by…

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