Africa | - Part 30

Botswana Market Watch | June 10th 2015: Botswana domestic composite index kept its upward impetus, by adding 1.16 percent

Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index kept its upward impetus, by adding 1.16 percent to extend its year-to-date growth by 12.61 percent. However, the foreign composite index remained flat to close at 1,569 points and year-to-date return is still in the red at -0.47. However, the equity market capitalization fell by BWP 110.31 million to end the day at BWP 382.152 billion. From the market activity viewpoint, the market total volume was recorded at 2.730 million…

Dubai’s Access Infra Africa to Boosts Africa’s Power Supply by US$500 million

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Accra, Ghana (Capital Markets in Africa) — Access Infra Africa, a Dubai-based company, will launch what it says will be Africa’s largest privately owned solar plant in Uganda this year, part of plans to develop electricity projects in 17 African countries, mainly based on renewable energy. The company will spend USD 500m in the next three years on power generation plants, including in Egypt, Ghana, Uganda, Tanzania, Kenya and Mozambique, Reda el-Chaar, executive chairman of Access…

AfDB with GEF support continues to strengthen resilience to climate change in Africa

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Lagos, Nigeria (Capital Markets in Africa) — The Global Environmental Facility (GEF) approved USD 35 million in funding to improve climate resilience to be channeled through the African Development Bank for programs in Côte d’Ivoire, Chad, Zambia, in addition to one which spans several countries. The announcement was made at the recent 48th session of the GEF Council Meeting during which the largest GEF work program in its 23 years of history – USD 709…

Nigeria’s central bank adjusts FX rate to 196.95 per dollar

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Lagos (Capital Markets in Africa): – Nigeria’s central bank adjusted its exchange rate peg to 196.95 naira to the dollar from the 197 it set in February after the currency’s value was eroded by the fall in oil prices, data on its website showed on Thursday. The bank adjusted the rate at which it sold hard currency this week, dealers said, noting that the change was too small to be considered a revaluation for the naira,…

OPEC agrees to keep pumping as fears of a global oil glut persist

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Vienna, (Capital Markets in Africa) – Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports. Concluding a meeting with no apparent dissent, Saudi Arabian Oil Minister Ali al-Naimi said the Organization of the Petroleum Exporting Countries had rolled over its current output ceiling, renewing support…

African governments urged to invest in sustainable infrastructure

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Abidjan, Cote D’Ivoire (Capital Markets in Africa) —There’s a huge demand for infrastructure in Africa and yet the money coming from donors and governments is not sufficient. As a result, African governments need to look at innovative ways to finance the infrastructure gap, including engaging in more public-private partnerships (PPPs). This was the overriding message conveyed during a panel discussion on “Financing Infrastructure – Raising the bar” that took place on Thursday, May 28 at…

Botswana Market Watch | June 4th 2015: Botswana equity market index ends in positive, adds 0.05 percent

Posted on by The Editorial Team

Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index ended on positive trend, adding 0.05 percent to extend its year-to-date growth by 11.31 percent. However, the foreign composite index remained flat to close at 1,569 points and year-to-date return is still in the red at -0.47. The equity market capitalization fell by BWP 93 million to end the day at BWP 382,236 million. From the market activity viewpoint, the market total volume was recorded at 7.899 million valued at…

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