The Editorial Team |

Kenya Equity Markets | 02 Oct 2015: Kenya Equity Trading Continues in the Red, US$307 Million Lower …

Nairobi, Kenya Capital Markets in Africa — At Friday trading session, the Nairobi Securities Exchange continued in the negative moods after the equity markets capitalization closed at KES 2,014 billion after losing KES 32.03 billion (c.US$307 million) or 1.57 percent from the market capitalization of KES 2,046 billion recorded at previous trading session. The Nairobi All Share Index fell by 1.71 percent or 2.49 points to end at 143.16 points and the Nairobi Securities Exchange (NSE20) index declined…

African Development Bank speeds US$16 million relief for water and sanitation in Zimbabwe

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Harare, Zimbabwe, Capital Markets in Africa — The African Development Bank Group (AfDB) fast-tracked a grant of US $16-million on Wednesday, September 30, to help clean up the poorest suburbs of the Zimbabwean capital. The first stage of the project will concentrate on removing the raw sewage currently spilled into residential areas and securing the water supply for the most vulnerable areas of Greater Harare, home to 2 million people. Decades of neglect have paid…

Morocco Equity Markets | 02 Oct 2015: Equity Traders Smile Home with US$161 Million …

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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 0.23 percent to close at 9,117.50 points (with a year-to-date performance to -5.22 percent) with total market capitalization at MAD 458.968 billion (an increase of MAD 1.7 billion or US$161 million relative to previous market capitalization of MAD 457.400). The market activity measured as total traded…

Mauritius Equity Markets | 02 Oct 2015 : Equity Trading Ends in Mixed Sentiment, Indices Higher, Market Cap Higher

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius equity markets trading closed the week in the mixed sentiment. The equity market capitalization ended at MUR 213.290 billion by going down MUR 51 million (about US$1.5 million) compared to previous market capitalization of MUR 213.239 billion. The Mauritius All Share Index (SEMDEX index) moved up by 0.02 percent or 0.46 points to close at 1,915.20 and SEM10 index added 0.08 percent or…

Ghana Airports Company boosts by AfDB’s US$120-million corporate loan

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Accra, Ghana, Capital Markets in Africa — On September 30, 2015, the Board of Directors of the African Development Bank (AfDB) approved a US$120 million corporate loan to support Ghana Airports Company Limited’s (GACL) capital investment programme. The programme entails the construction of a new terminal at Kotoka International Airport (KIA) in Accra, and rehabilitation of other airports managed by GACL including Kumasi, Tamale, Ho and Wa Airports. The loan is the first private-sector investment…

AfDB approves US $141.71million for the Dar es Salaam Bus Rapid Transit System Project

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Dar es Salaam, Tanzania, Capital Markets in Africa — The Board of Directors of the African Development Bank Group approved on Wednesday, September 30, 2015, two loans totaling US $141.71 million to finance the second phase of the Dar es Salaam Bus Rapid Transit (BRT) System Project. The US $97.42-million loan from the AfDB market window and the US $44.29-million loan from the Africa Growing Together Fund (AGTF)* will support Tanzania Government’s efforts to decongest…

AfDB supports improved electricity access in Guinea, Guinea-Bissau, Gambia and Senegal

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Abidjan Cote D’Ivoire , Capital Markets in Africa — The African Development Bank approved on Wednesday, September 30, 2015 a €121.5-million [1] package to the Gambia River Basin Development Organization (OMVG) to improve electricity access and provide renewable, clean and affordable energy in The Gambia, Guinea, Guinea-Bissau and Senegal. Electricity supply in the OMVG region is limited, unreliable and costly. Access rates vary from 12 percent in Guinea, 19 percent in Guinea-Bissau, 35 percent in…

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