The Editorial Team |

Zambians say our Lord’s Prayer: Gives us our daily bread …

Lusaka, Zambia, Capital Markets in Africa — Zambian President Edgar Lungu wants Zambians to pray and fast on this Sunday. All bars, nightclubs and entertainment venues have been instructed by the government to shut on the day, while the Football Association of Zambia has cancelled domestic games. Church leaders are rallying their members to heed the president’s call in a nation where more than 80 percent of the 15 million people are Christian. The country prayer…

Nigerian Equity Markets | 15 Oct 2015: Nigerian share gains on blue chips… NSE ASI rises 0.1%

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Lagos, Nigeria, Capital Markets in Africa — After staying in the southward region for the most part of the day, the Nigerian equities market reversed downtrend to close 11bps higher and settle at 29,700.08 points on the back of marginal rebound in DANGOTE CEMENT (+0.6%), FORTE OIL (+2.3%) and ETI (+1.8%). Market capitalisation also added N11.0bn to berth at N10.2tn at the close of trade. Market activities equally improved as volume and value added 7.6% and…

South Africa Equity Markets | 15 Oct 2015: South Africa’s stock falter, rand firms on weak U.S data

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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) down by 0.17 percent or 92.64 points to settle at 52,966.42 points and the benchmark JSE Top 40 index ended 149.16 points or 0.31 percent lower to end at 47,462.98 points. Looking at the sector indices, financial sector index grew by 0.48 percent or 211.46 points at 44,009.78 points. Industrial sector index and industrial 25 index slumped by 0.23 percent…

Kenya Equity Markets | 15 Oct 2015: Kenya cash flow issue panic equity investors, Shillings fall …

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Nairobi, Kenya Capital Markets in Africa — On Thursday, the Bear stayed as the king to further pulled the Nairobi Securities Exchange stock markets into the southern hemisphere. The equity market capitalization ended at KES 1,908 billion after dropping KES 8.8 billion (c.US$85 million) or 0.46 percent from the market capitalization of KES 1,917 billion recorded at previous trading session. The Nairobi All Share Index dipped by 0.45 percent or 0.62 points to end at 135.71 points and…

Cote D’Ivoire Stock Markets | 15 Oct 2015: BRVM ends higher, reward investors with US$64 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 Thursday higher than the previous day. BRVM 10 index rose from 303.81 to 305.27 points, a gain of 0.48%. BRVM Composite index gained 0.49% at 304.76 points against 303.26 points previously. The equity market capitalization rose by XOF 37 billion (about US$63.5 million) to close at XOF 7,520 billion relative to previous trading sessions’ market…

Mauritius Equity Markets | 15 Oct 2015 : Mauritius SEDMEX index 0.33% lower, Investors further lose US$21 million …

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PORT LOUIS, Mauritius, Capital Markets in Africa — The equity market capitalization ended at MUR 207.780 billion after dipping by MUR 731 million (about US$20.5 million) compared to previous market capitalization of MUR 208.511 billion. The Mauritius All Share Index (SEMDEX index) waned by 0.33 percent or 6.57 points to close at 1,869.81 and SEM10 index fell by 0.35 percent 1.24 points to close at 355.70 points. From the market activity viewpoint, the overall total volume…

Moroccan govt endorses 2016 budget, GDP grows 4.5% in Q3, inflation rises to 0.3% in September

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Casablanca, Morocco, Capital Market in Africa — Morocco’s government has ratified the draft budget for the fiscal year 2016, which showed expected deficit of around 3.5%, economic growth at 3%, at oil prices of US$61 per barrel. The budget targets bolstering fundamentals of balanced economic growth, while encouraging supply through motivating industries and private investment, said the government spokesman Moustafa Al Khalfi. Morocco’s economy grew 4.5 % year-on-year during the third quarter of 2015, up…

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