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World’s Top Energy Exporter Isn’t Counting on Oil Rally to Hold

LAGOS, Nigeria, Capital Markets in Africa: Russia isn’t buying into the optimism that a rally in oil has legs. Supply disruptions including Canadian wildfires and militant attacks in OPEC member Nigeria have driven prices higher, with the improving outlook for crude not grounded in fundamentals, Finance Minister Anton Siluanov said at a government meeting in Moscow on Thursday. Prime Minister Dmitry Medvedev said at the same event that the situation was reminiscent of a rebound in the second quarter of last…

Rwanda | Exploding Lake, Blood-Laden Drones Spur Rwanda Tech Boom

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KIGALI, Rwanda, Capital Markets in Africa: The tiny nation of Rwanda is pursuing a local technological revolution in a bid to transform its largely agrarian society into the equivalent of an African Singapore. Since President Paul Kagame led his Rwandan Patriotic Front to power in 1994 after a genocide that claimed as many as 800,000 lives and cut economic output in half, the East African nation has pursued policies aimed at encouraging investment in and developing its ICT industry. The…

Ethiopia | Government-led growth model is maintained — BAoML

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Addis Ababa, Ethiopia, Capital Markets in Africa — Ethiopia’s government-led growth model shows no signs of significant change, with many meetings focused on investment in new industrial parks across the country as part of the second Growth and Transformation plan (GTP2) that runs from 2015 to 2020. The major investment areas are infrastructure, energy, and education/healthcare. GDP growth (which the IMF expects at c.8% in the medium term) continues to be driven by the government….

Morocco Equity Markets | 19 Nov 2015: Morocco equity indices end higher, investors pocket US$68 million

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Casablanca, Morocco, Capital Markets in Africa —Positive sentiment returned to the Casablanca Stock Exchange at the end Thursday’s trading session. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.15 percent to close at 9,192.85 points (with a year-to-date performance to -4.44 percent) and the equity market capitalization ended at MAD 462.330 billion (a drop of MAD 670 million or US$67.7 million relative to previous market capitalization of MAD 461.660). The market activity measured…

South Africa Equity Markets | 11 Nov 2015: JSE All-Share index ends higher despite fall in gold and resource indices

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Johannesburg, South Africa Capital Markets in Africa —Positive mood returned to the Johannesburg Stock Exchange (JSE) at the end of today’s equity trading session. The JSE All Share (the broadest measure of the equity market performance) surged by 0.50 percent or 28.60 points to trade at 52,594.10 points and the JSE Top 40 index ended 0.14 percent or 63.89 points higher to close at 47,265.83 points. From the sector indices perspective, financial sector index fell by 0.24…

Nigerian Equity Markets | 11 Nov 2015: Equities market halts losing trend as Ministers sworn-in, … ASI gains 12bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities Market bucked its losing trend today as the All Share Index (ASI) rose marginally by 12bps to close at 29,014.78 whilst market capitalization also added N11.6bn to N10.0bn. The index was buoyed majorly by the rally in some bellwether counters — NIGERIAN BREWERIES (+2.7%), FORTE OIL (+2.1%) and ZENITH (+1.2%) – as we still observed significant selling pressure with more equities losers than gainers. Market activity,…

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Webinar: Practical implications & limitations of investing in Africa View this email in your browser The practical implications and limitations of investing in Africa A Bright Africa webinar, by RisCura 29 October 2015, 10am ET Dear Courtney Please join us for RisCura’s inaugural Bright Africa webcast. This session, created with global institutional investors in mind, will cover: The development and investability of Africa’s listed markets Supply and demand of investment opportunities in African private equity Risk considerations when…

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