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Zambia Prepares Ground for `Inevitable’ Post-Vote IMF Aid

LUSAKA, Zambia, Capital Markets in Africa — Zambia, reeling from a copper-price slump and a power shortage, is readying for “inevitable” assistance from the International Monetary Fund that may be finalized in December, Treasury Secretary Fredson Yamba said. A deal will only come after general elections set for Aug. 11 and until then, the government will work on lowering electricity and fuel subsidies that the fund last month estimated could cost the southern African nation $660 million a year, Yamba…

Egypt Equity Markets | 07 Oct 2015 : Egyptian Equities rebound from losses, EGX30 up 115.29pts, market cap gains EGP 4.1 Mill….

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity trading rebounded from losses incurred in the previous days trading as indices and sectors recorded increases encouraged by news of improved oil prices in the region. The equity market capitalization ended at EGP 447,269 adding EGP 4,148 million to the EGP 443,121 billion recorded at the end of the previous days trading session . The benchmark index EGX30 gained by 115.29 points or 1.59 percent to end 7354.56 points from the 7239.27 points recorded…

Meaningful African markets for investment

Posted on by The Editorial Team

Africa is not a single investment destination with a single set of standardised risk factors and homogenous potential for reward. Although some high-level similarities are evident, digging into the specifics of certain regions and countries show that Africa is comprised of a range of distinct investment destinations; each with its own attractions, challenges, cultural differences and business practices. Investors looking at Africa for the first time typically look at the largest economies by GDP or…

Morocco Equity Markets | 4 Sep 2015: Morocco Casablanca Stock Exchange equity markets added US$57 million

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa — The Moroccan benchmark stock index (measured as MASI Index) surged by 5.58 point or 0.06 percent to close at 9,307.51 points (with a year-to-date performance to -3.25 percent). The equity market capitalization closed at MAD 474.479 billion (an increase of MAD 559 million or US$ 57 million) from MAD 473.920 market capitalizations recorded at previous trading session. The market activities measured as total traded value was recorded at MAD…

Morocco Equity Markets | 3 Sep 2015: Casablanca Bourse stock indices end higher, investors pocket US$270 million

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa — Equity trading on the Casablanca Bourse sustained positive momentum started yesterday, the Moroccan benchmark stock index (measured as MASI Index) surged by 67.41 point or 0.73 percent to close at 9,301.86 points (with a year-to-date performance to -3.31 percent). The equity market capitalization closed at MAD 473.920 billion (a gain of MAD 2.6 billion or US$ 270 million) from MAD 471.285 market capitalization recorded at previous trading session. The market activities measured as…

Morocco Equity Markets | 2 Sep 2015: Moroccan equity main index marginally rise, Forestry sector 3.2% lower …

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa — Equity trading on the Casablanca Bourse was a bit stable today, the Moroccan benchmark stock index (measured as MASI Index) slightly added 0.92 point or 0.01 percent to close at 9,233.16 points (with a year-to-date performance to -4.01 percent). The equity market capitalization closed at MAD 471.285 billion (after adding of MAD 314 million or US$ 32.5 million) from MAD 470.971 market capitalization recorded at previous trading session. The market…

Morocco Equity Markets | 1 Sep 2015: Equities trading bleed today, indices and market capitalization lower

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa — Equity trading on the Casablanca Bourse retreated to downward trend, hence the Moroccan benchmark stock index (measured as MASI Index) reversed by 112.14 point or 1.20 percent to close at 9,233.16 points (with a year-to-date performance to -4.02 percent). The equity market capitalization closed at MAD 470.971 billion (a drop of MAD 5.6 billion or US$ 577 million) from MAD 476.594 market capitalization recorded at previous trading session. The…

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