Rwanda

African Market Watch: Monday, 23rd February 2015

Posted on by The Editorial Team
African Market Watch: Monday, 23rd February 2015

Egypt: The Egyptian stock market closed on positive note, with the EGX 20 capped index, EGX 30 index and increased by 1.02%, 1.12% and 0.18% respectively.  Today’s top gainer today is Egyptian Company for Mobile Service, rising 10.0% to close at LE 178.93 and the top loser is Egyptian International Pharmaceutic which shaved off 8.57 percent to close at LE 78. Foreign buys and sales stood at 11.2% and 9.9% respectively of total turnover (LE 505.03…

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African Market Watch: Thursday, 19th February 2015

Posted on by The Editorial Team
African Market Watch: Thursday, 19th February 2015

Kenya: The NSE 20 gained 27.77 points in today’s trading to close at 5,473.81, as telecommunication giant Safaricom touched an all-time high and beer maker East African Breweries Limited (EABL) traded at the highest price in the last one year. While the Nairobi All Share Index went up 1.48 points to close at 175.65. The top gainer today was Limuru Tea, rising 9.54 percent to close at KES 1,114.00. The top loser was Pan Africa Insurance,…

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African Market Watch: Wednesday, 18th February 2015

Posted on by The Editorial Team
African Market Watch: Wednesday, 18th February 2015

Kenya: The NSE 20 increased by 42.32 points in today’s trading to close at 5,446.04. The NASI Index went up 1.27 points to close at 174.17. The top gainer today was Kakuzi, rising 8.25 percent to close at KES 315.00. The top loser was BOC Kenya, shaving off 5.66 percent to close at KES 150.00. At the close of the day’s trading, volumes of shares traded were recorded at 31.04mn shares, up 68.88 percent. Turnover…

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Rwanda: Equity Banking Group Cross-Lists in Rwanda

Posted on by The Editorial Team
Rwanda: Equity Banking Group Cross-Lists in Rwanda

Kigali, Rwanda — Equity Group Holdings, one of Kenya’s biggest banking concerns, last week became the fourth firm to cross-list on the Rwanda Stock Exchange joining the Uganda Securities Exchange and the Nairobi Stock Exchange. “This is a major milestone in our development plan of truly becoming an East African Bank,” Equity Group CEO and MD, Equity Bank Rwanda James Mwangi said during a news conference held at the just concluded Capital Markets East Africa…

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IFC’s raises $5 mln in first Rwandan franc offshore bond

Posted on by The Editorial Team
IFC’s raises $5 mln in first Rwandan franc offshore bond

KIGALI, Feb 13 (Reuters) – The World Bank’s private sector arm has raised 3.5 billion Rwandan francs ($5 million) with the first offshore bond in the Rwandan currency, it said on Friday. The landlocked central African nation of 11 million people has been attracting a steady stream of investors and firms drawn by its small but growing market, and its debut $400 million Eurobond in 2013 was heavily oversubscribed. “It was done to create an…

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