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Cote d’Ivoire Market Watch | May 15th 2015: BRVM shed XOF 11bn..

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Friday, lower than the previous day. BRVM 10 index decreased from 272.91 to 272.57 points, a drop of 0.12%. BRVM Composite index lost 0.17% to 262.57 against 263.03 points previously. The equity market capitalization was recorded at XOF 6,479 billion, a decrease of XOF 11 billion compared to previous trading session. Looking at the market…

Cote d’Ivoire Market Watch | May 13th 2015: BRVM composite index gain 0.21 percent ….

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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 272.34 to 272.91 points, a gain of 0.21%. BRVM Composite index gained 0.21% to 263.03 against 262.47 points previously. The equity market capitalization was recorded at XOF 6,490.33 billion. Looking at the market activities, the total volume traded was recorded at 139,897 and total traded…

Cote d’Ivoire Market Watch | May 12th 2015: BRVM gained XOF 7.7 billion today

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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 today, higher than the previous day. BRVM 10 index rose from 271.35 to 272.34 points, a gain of 0.36%. BRVM Composite index gained 0.11% to 262.47 against 262.17 points previously. The equity market capitalization closed at XOF 6, 476.67 billion compared to XOF 6,469.11 billion recorded an increase of XOF 7.56 billion to previously trading session….

Cote d’Ivoire Market Watch | May 13th 2015: BRVM composite index gain 76 bps

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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 today, higher than the previous day for both BRVM 10 index and BRVM Composite. BRVM 10 index rose from 269.30 to 271.35 points, a gain of 0.76%. BRVM Composite index gained 0.42% to 262.17 against 261.08 points previously. The equity market capitalization was recorded at XOF 6,491.11 billion. Likewise, the traded value was recorded at…

U.S. Brookstone to invest $750 mln in Ivory Coast hydro project

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Abidjan, Cote D’Ivoire (Capital Markets in Africa):- U.S. private equity firm Brookstone Partners plans to invest up to 450 billion francs CFA ($750 million) in three hydroelectric dams in Ivory Coast through its Moroccan arm Platinum Powers, a company executive said on Wednesday. Kamal Abdelhafid, engineer and strategic director of the group, told Reuters in the Ivorian commercial capital Abidjan that the projects aim to meet rising power demand in francophone West Africa’s biggest economy….

Despite the End of the Commodity Boom, African Countries Can Sustain Their Growth

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The World Bank Group forecasts that economic growth for African countries will slow in 2015 to 4.0 percent from 4.5 percent in 2014, a downturn which largely reflects the sharp fall in global prices for oil and other key commodities. At a seminar with African finance ministers, central bankers and their delegations during the World Bank Group Spring Meetings, the Bank’s Africa Chief Economist Francisco Ferreira explained that his 2015 forecast was below the 4.4…

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