The Editorial Team |

Abraaj Group partners with Egyptian education provider Tiba

Cairo, Egypt, Capital Markets in Africa — The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced a partnership, through its second generation North Africa Fund (‘ANAF II’), with Tiba Group (‘Tiba’ or the ‘Company’), an education service provider in Egypt. Tiba operates across three verticals and through seven educational institutions in Egypt, serving approximately 20,000 students. The Group also announced the formation of an Education Management Company that…

Tanzania Equity Markets | 30 Sep 2015: Tanzania’s Stock Market Cap gains US$70 Mill, All Shares Index 0.69% up, Local Index 0.64% down …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — Positive momentum returned to the at the Tanzania Dar es Salaam Stock Exchange equity market at the end of today’s trading session. The equity market capitalization added TZS 151 billion (about US$70.13 million) to end at TZS 22,166 billion relative to market capitalization of TZS 22,016 billion recorded at previous trading session. The Dar es Salaam Stock Exchange index (DSEI) surged by 17.32 points or 0.69…

Cote D’Ivoire Equity Markets | 30 Sep 2015: BRVM Equity Markets in the North Pole, Investors pocket US$53 Mill

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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 Wednesday, higher than the previous day. BRVM 10 index rose from 297.32 to 299.03 points, a gain of 0.58 percent. BRVM Composite index gained 0.47 percent at 298.06 points against 296.68 points previously. The equity market capitalization gained XOF 34 billion (about US$53 million) to close at XOF 7,355 billion relative to previous trading sessions’…

Kenya Equity Markets | 30 Sep 2015: NSE All Share 4bps Up, NSE20 Index 0.37 down, Investors gain US$37 Mill…

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Nairobi, Kenya Capital Markets in Africa — Nairobi Securities Exchange equity markets capitalization closed at KES 2,063 billion after adding KES 3.87 billion (c.US$36.8 million) or 0.19 percent from the market capitalization of KES 2,060 billion recorded at previous trading session. The Nairobi All Share Index surged by 0.04 percent or 0.06 points to end at 146.92 points but the Nairobi Securities Exchange (NSE20) index declined by 15.70 points or 0.37 percent to close at 4,173.52 points. The…

African Guarantee Fund Aquires GARI Fund

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Nairobi, Kenya, Capital Markets in Africa — The African Guarantee Fund for Small and Medium Enterprises (AGF) has today completed its USD 35million acquisition of Guarantee Fund for Private Investments in Africa (GARI). The process that began in April 2014 has been approved by the Central Bank of West African Economic and Monetary Union (WAEMU) and will culminate in AGF’s acquisition of 80.56% of the outstanding shares of GARI. GARI was incorporated as an initiative…

Morocco Equity Markets | 30 Sep 2015: Moroccan equities continue to shed blood…market cap loses US$9 million …

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Casablanca, Morocco, Capital Markets in Africa — The bear run persisted ion the Moroccan equity markets at the end today’s trading session. The Moroccan benchmark stock index (measured as MASI Index) sagged by 0.21 percent to close at 9,114.29 points (with a year-to-date performance to -5.26 percent) with total market capitalization at MAD 458.429 billion (a decreased of MAD 87.14 million or US$8.98 million relative to previous market capitalization of MAD 467.143). The market activity measured as total…

Mauritius Equity Markets | 30 Sep 2015 : Mauritius Equity Investors Lose US$4 Million, SEM10 Index 6bps up …

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Mauritius equity markets trading continued to stay in the red zone. The equity market capitalization closed ended at MUR 212.752 billion by losing MUR 126 million (about US$3.5 million) compared to previous market capitalization of MUR 212.878 billion. The Mauritius All Share Index (SEMDEX index) sagged by 0.06 percent or 1.13 points to close at 1,910.46 but SEM10 index added 0.06 percent or 0.21 points to end…

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