The Markets | - Part 239

Republic of Angola Enters Eurobond Markets with 10-year benchmark bond of US$1.5 billion

Luanda, Angola, Capital Markets in Africa — Republic of Angola launched its first 10-year benchmark Eurobond on Thursday with the aim of raising US$1.5 billion for long-term economic development and to benchmark the country, according to the Angolan Finance Ministry. The Finance Ministry stated also that a sovereign issuance could enhance Angola’s transparency in the management of its public accounts and better manage the state’s financing costs. The statement further emphasized that the sovereign debt…

Rwanda’s 10-year Capital Market Master Plan in the offing

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Kigali, Rwanda, Capital Markets in Africa — The Capital Market Authority of Rwanda hosts a strategic planning roundtable designed to initiate the process of developing a ten-year capital market development master plan (CMMP). The three-day off-site meeting brought together international and regional experts as well as high-level Rwandan officials from the public and private sectors. Among the delegates were renowned capital market experts from 14 countries across the globe who were in the roundtable they included:…

Bank of Namibia maintains Repurchase Rate at 6.50 percent, amid of strong foreign reserves

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Windhoek, Namibia, Capital Markets in Africa — Bank of Namibia keeps the Repurchase (Repo) rate unchanged at 6.50 percent at the Monetary Policy Committee meeting held on the 20th October 2015 , according to Monetary Policy Committee (MPC) statement issued by Deputy Governor of the Bank, Mr. Ebson Uanguta. In the statement, the decision to keep the rate at 6.50 percent was underpinned by the recent improvement in the key economic indicators despite weak activities…

Bank of Uganda raises Central Bank Rate by 1.0 percent to 17 percent

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Kampala, Uganda, Capital Markets in Africa — Bank of Uganda has raised the Central Bank Rate (CBR) by 1.0 percentage points to 17 percent in October 2015, according to a Monetary Policy statement, issued by Governor Professor Emmanuel Tumusiime -Mutebile. This increase has resulted to cumulative increase of 6.0 percentage points in 2015, the previous increases were 1.0 percentage points (in April and June meetings) and 1.5 percentage points (in July and August meetings). In the Monetary…

Chart of the Week: Top Worst African Currency in 2015 ….

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Lagos, Nigeria, Capital Markets in Africa — Most African currencies had depreciated against the US dollar this year, with the exception of Gambian Dalasi, CFA Fran and Botswana Pula appreciated by about 0.07 percent each. The top five most worst currencies in 2015 as at 16th of October 2015 were Zambian Kwacha, Ugandan Shilling, Angola Kwanza, Mozambican Metical and Tanzania Shillings.

Africa Equity Weekly | 16 Oct 2015: Egyptian equity 3.4% higher, Nigeria All Share 1.1% down, South Africa equity 0.7% lower

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Lagos, Nigeria, Capital Markets in Africa — At the end of Friday 16 October, out the eighteen African equity indices eleven ended in negative and seven in the positive zone relative to the week ending 09 October 2015. The overall weekly average return of the eighteen stock indices was -0.74 percent w-o-w. Egyptian EGX 30 Index topping the gainers’ list by adding 3.38 percent week-on-week (w-o-w) to end the week at 7,594.45 points. It followed BRVM Composite…

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

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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…

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