The Editorial Team |

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

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….

Nigerian Breaking news : Senate officially release names of ministerial nominees

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The names announced ministerial nominees read out by the Senate President are: 1. Rotimi Amaechi 2. Babatunde Fashola 3. Adebayo Shittu 4. Audu Ogbeh5. Kayode Fayemi6. Chris Ngige 7. Amina Ibrahim 8. Kemi Adeosun9. Lai Mohammed 10.Ogbonnaya Onu11. Ibe Kachikwu12.Aisha Alhassan 13. Hadi Sirika14. Udo Udoma15. Solomon Dalong16. Ibrahim Usman Jubril17. Ahmed Musa Ibeto18. Suleiman Adamu19. Abubakar Malami20. Abdulrahman Dambazzau 21. Osagie Ehanire

IPP Office’s Karén Breytenbach to participate at 9th Powering Africa: Finance Options meeting next month at the Vineyard Hotel, Cape Town

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Following the overwhelming success of the South Africa: Gas Options (SA:GO) meeting in Cape Town last week – which welcomed over 300 investors to learn about South Africa’s Gas IPP programme – Karén Breytenbach and the IPP Office team will attend Powering Africa: Finance Options meeting (PA:FO) in Cape Town from 5-6th November to explore some of the potential financing bottlenecks which could arise in the gas programme. The potential of the Gas IPP and…

Nigerian Equity Markets | 05 Oct 2015: Nigerian Equities in Red, All Share index 0.6% lower

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian All Share Index (ASI) dipped 0.6 percent on the first trading day of the week to 30,405.88 points as a result of drags the equity market capitalization to NGN 10.45 trillion relative to NGN 10.51 recorded at the previous trading session, hence a lose of NGN 60 billion. Furthermore, NSE 30 index ended at 1,388.83 levels after gaining 0.45 percent, NSE Premium added 1.20 percent to…

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