The Editorial Team |

Forte Oil Nigeria Sales 17% Stake to Mercuria For US$200 Million

Lagos, Nigeria, Capital Markets in Africa —- One of Nigeria’s integrated energy solution providers, Forte Oil Plc, confirmed the acquisition of 17 percent of its equity by Mercuria Energy Holdings SA for $200 million. With the foreign direct investment in Forte Oil, the world’s third largest independent energy trader and asset operator has made inroads into the West African energy sector. Forte Oil said in a press release that through this investment, it had…

Tanzania Equity Markets | 06 Oct 2015: Bear the King at Tanzania Stock Markets, Indices down ..

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DAR ES SALAAM Tanzania, Capital Markets in Africa — On Tuesday, equity market trading returned to negative sentiment after the market capitalization went down TZS 462 billion (about US$214 million) to end at TZS 21,585 billion relative to market capitalization of TZS 22,047 billion recorded at previous trading session. The Dar es Salaam Stock Exchange index (DSEI) sagged by 53.07 points or 2.11 percent to end at 2,464.24 points. Also, Tanzanian domestic Share Index fell…

Kenya Equity Markets | 06 Oct 2015: NSE All Share index 0.34% down, Market Cap lose US$68 Million …

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Nairobi, Kenya Capital Markets in Africa — The Nairobi Securities Exchange equity markets capitalization closed at KES 2,010 billion after falling by KES 6.98 billion (c.US$68 million) or 0.35 percent from the market capitalization of KES 2,017 billion recorded at previous trading session. The Nairobi All Share Index sagged by 0.34 percent or 0.49 points to end at 142.92 points and the Nairobi Securities Exchange (NSE20) index fell by 20.02 points or 0.49 percent to close at 4,064.16 points….

Cote D’Ivoire Equity Markets | 06 Oct 2015: Positive Momentum Continues, BRVM Composite index 0.38% higher

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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 Tuesday higher than the previous day. BRVM 10 index rose from 303.67 to 304.86 points, a gain of 0.39 percent. BRVM Composite index gained 0.38 percent at 303.33 points against 302.17 points previously. The equity market capitalization surged by XOF 28.64 billion (about US$49 million) to close at XOF 7,485 billion relative to previous trading…

Morocco Equity Markets | 06 Oct 2015: Blood on Casablanca Stock Exchange, indices and market cap US$259 Million down

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Casablanca, Morocco, Capital Markets in Africa —Casablanca Bourse continued to shed blood as both market capitalization and indices ended lower. The Moroccan benchmark stock index (measured as MASI Index) fell by 0.57 percent to close at 9,048.40 points (with a year-to-date performance to -5.94 percent) with total market capitalization at MAD 455.645 billion (a decrease of MAD 2.5 billion or US$259 million relative to previous market capitalization of MAD 458.160 billion). The market activity measured as…

Mauritius Equity Markets | 06 Oct 2015: Negative moods persisted at the Stock Exchange of Mauritius equity trading

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PORT LOUIS, Mauritius, Capital Markets in Africa — Negative moods persisted at the Stock Exchange of Mauritius equity markets trading today. The equity market capitalization ended at MUR 213.088 billion after sagging by MUR 103 million (about US$2.9 million) compared to previous market capitalization of MUR 213.191 billion. The Mauritius All Share Index (SEMDEX index) plunged by 0.05 percent or 0.92 points to close at 1,913.48 and SEM10 index tumbled by 0.14 percent or 0.50 points…

Sub-Saharan Africa’s GDP growth to slow to 3.7% in 2015, Poverty declines …

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Lagos, Nigeria, Capital Markets in Africa — Sub-Saharan Africa countries are continuing to grow, albeit at a slower pace, due to a more challenging economic environment. Growth will slow in 2015 to 3.7 percent from 4.6 percent in 2014, reaching the lowest growth rate since 2009, according to new World Bank projections. These latest figures are outlined in the World Bank’s new Africa’s Pulse, the twice-yearly analysis of economic trends and the latest data on the continent….

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