South Africa Equity Markets | 09 Oct 2015: South African Equity Ends on Bullish Momentum, JSE All Shares 1.08% up …

South Africa Equity Markets | 09 Oct 2015: South African Equity Ends on Bullish Momentum, JSE All Shares 1.08% up …

JOHANNESBURG, South Africa, Capital Markets in Africa — The bullish momentum persisted with major indices ended higher, Johannesburg Stock Exchange (JSE) All Share index closed 1.08 percent or 569.04 points higher to close at 53,295.64 points. The JSE Top 40 index also soared by 516.07 points or 1.09 percent to end at 47,809.88 points. Looking at the sector indices, JSE financial sector index surged by 0.50 percent to end at 44,455.38 points. Both Industrial and industrial 25 sector indexes soared by…

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Tanzania Equity Markets | 09 Oct 2015 : Negative Mood Persists at Dar es Salaam Stock Exchange Equity Trading, US$155 million down

Tanzania Equity Markets | 09 Oct 2015 : Negative Mood Persists at Dar es Salaam Stock Exchange Equity Trading, US$155 million down

DAR ES SALAAM Tanzania, Capital Markets in Africa — Tanzania Dar Es Salaam Stock equity market capitalization dropped TZS 335 billion (about US$155 million) to end at TZS 21,111 billion relative to market capitalization of TZS 21,446 billion recorded at previous trading session. The Dar es Salaam Stock Exchange index (DSEI) sagged by 38.97 points or 1.59 percent to end at 2,409.71 points. Also, Tanzanian domestic Share Index slumped by 1.00 points or 0.02 percent to…

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Cote D’Ivoire Stock Markets | 09 Oct 2015: BRVM Equity Ends Higher, Market Cap US$30 Million Surge ….

Cote D’Ivoire Stock Markets | 09 Oct 2015: BRVM Equity Ends Higher, Market Cap US$30 Million Surge ….

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Friday higher than the previous day. BRVM 10 index rose from 302.38 to 303.32 points, a gain of 0.31 percent. BRVM Composite index gained 0.24 percent at 301.99 points against 301.28 points previously. The equity market capitalization soared by XOF 17.67 billion (about US$30 million) to close at XOF 7,452 billion relative to previous trading sessions’…

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Kenya Equity Markets | 09 Oct 2015: Kenya Equity Stays in Red, Investors Lose US$73 Mill, Indices down…

Kenya Equity Markets | 09 Oct 2015: Kenya Equity Stays in Red, Investors Lose US$73 Mill, Indices down…

Nairobi, Kenya Capital Markets in Africa — It all red at the Nairobi Securities Exchange equity markets this week after the equity markets capitalization ended  at KES 1,996 billion after losing KES 7.54 billion (c.US$73 million) or 0.38 percent from the market capitalization of KES 2,003 billion recorded at previous trading session. The Nairobi All Share Index slumped by 0.37 percent or 0.53 points to end at 141.87 points and the Nairobi Securities Exchange (NSE20) index sagged by…

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Morocco Equity Markets | 09 Oct 2015: Positive Sentiment Ends Equity trading, Market Cap Gains US$206 Mill …

Morocco Equity Markets | 09 Oct 2015: Positive Sentiment Ends Equity trading, Market Cap Gains US$206 Mill …

Casablanca, Morocco, Capital Markets in Africa —On Friday, the equity trading witnessed a relief by ending in positive mood. The Moroccan benchmark stock index (measured as MASI Index) surged by 0.61 percent to close at 9,020.26 points (with a year-to-date performance to -6.24 percent) with total market capitalization at MAD 454.268 billion (a gain of MAD 2.5 billion or US$260 million relative to previous market capitalization of MAD 451.773). The market activity measured as total traded…

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Mauritius Equity Markets | 09 Oct 2015 : Mauritius Equity Trading Ends in Red, SEMDEX 0.21% down, SEM10 index 0.14% lower

Mauritius Equity Markets | 09 Oct 2015 : Mauritius Equity Trading Ends in Red, SEMDEX 0.21% down, SEM10 index 0.14% lower

PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius equity markets trading closed the week in negative mood. The equity market capitalization ended at MUR 211.245 billion after giving up MUR 446 million (about US$13 million) compared to previous market capitalization of MUR 211.691 billion. The Mauritius All Share Index (SEMDEX index) went down by 0.21 percent or 4.01 points to close at 1,896.93 and SEM10 index decreased by 0.14 percent or…

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African Development Bank to triple Annual Climate Financing to nearly $5 billion by 2020

African Development Bank to triple Annual Climate Financing to nearly $5 billion by 2020

Abidjan, Cote D’Ivoire, Capital Markets in Africa — The President of the African Development Bank (AfDB), Akinwumi Adesina, announced on Friday, October 9 that the AfDB would nearly triple its annual climate financing to reach $5 billion a year by 2020. AfDB’s climate spending will increase to 40% of its total new investments by 2020. “Climate change is both an urgent threat and a unique opportunity,” Adesina said. “The Bank is significantly stepping up its support…

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