The Editorial Team |

Nigerian MPC At a Crossroad; Between Domestic Stability and External Balance

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Monetary Policy Committee (MPC) will be sitting for its 5th session this year between 21st and 22nd September 2015 to review developments in the global and domestic economy, together with the financial market since its last meeting (23rd and 24th July 2015). It is expected that deliberation at the meeting will center on the slowing domestic growth, persistent exchange rate uncertainty, increasing risk perception in the local…

Cote D’Ivoire Stock Markets | 18 Sep 2015: BRVM Equity marginally falls, Financial sector index 0.95% higher

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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 Friday, marginally lower than the previous day. BRVM 10 index decreased from 293.11 to 292.88 points, a drop of 0.08 percent. BRVM Composite index lost 0.02 percent to 293.97 against 294.02 points previously. The equity market capitalization sagged by XOF 1.08 billion (about US$1.9 million) to close at XOF 7,254 billion relative to previous trading…

South Africa Equity Markets |18 Sep 2015: Johannesburg Stock Exchange (JSE) All Share index lower, Gold miner adds 3.65 percent …

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JOHANNESBURG, South Africa, Capital Markets in Africa — Today the South Africa equity markets returned to the red zone. Johannesburg Stock Exchange (JSE) All Share index ended 1.03 percent or 528.99 points lower to close at 51,044.58 points. The JSE Top 40 index also plunged by 521.46 points or 1.13 percent to end at 45,616.07 points. The JSE Financial sector index fell by 0.75 percent or 328.60 points to end at 43,527.82 points. Both Industrial and industrial 25 sector indexes lower…

Tanzania Equity Markets | 18 Sep 2015 : Equity indices end lower, market value falls by US$4 Mill …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — On the last day of the week, the Dar es Salaam Stock Exchange equity market closed in negative, after market capitalization and All Share index lower. The equity market capitalization marginally fell by TZS 9.11 billion (about US$4.2 million) to end at TZS 22,501 billion relative to market capitalization of TZS 22,510 billion recorded at previous trading session. The Dar es Salaam Stock Exchange index (DSEI)…

Kenya Equity Markets | 18 Sep 2015: NSE ends in red, All Share 0.74% down, NSE20 0.30% lower, FTSE NSE 15 0.90% lower

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Nairobi, Kenya Capital Markets in Africa — On Friday, the equity market capitalization closed at KES 2,066 billion after sagging by KES 17.1 billion (c.US$162 million) or 0.82 percent from the market capitalization of KES 2,083 billion recorded at previous trading session. The Nairobi All Share Index plunged by 0.74 percent or 1.09 points to end at 147.19 points and the Nairobi Securities Exchange (NSE20) index slumped by 12.69 points or 0.30 percent to close at 4,236.26 points….

Morocco Equity Markets | 18 Sep 2015: Casablanca Bourse closes in the negative district, MASI Index 1.49% lower …

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Casablanca, Morocco, Capital Markets in Africa — On the last trading day of the week, Casablanca Bourse closed in the negative district. The Moroccan benchmark stock index (measured as MASI Index) fell by 1.49 percent to close at 9,062.19 points (with a year-to-date performance to -5.79 percent) with total market capitalization at MAD 464.541 billion (a decrease of MAD 6,026 million or US$623 million relative to previous market capitalization of MAD 470.567). The market activity…

AfDB unveils a blueprint to get rid of Africa’s energy poverty by 2025

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — The African Development Bank Group (AfDB) unveiled its landmark initiative to solve Africa’s huge energy deficit by 2025 at a High Level Stakeholder Consultative Meeting attended by business and political leaders at its headquarters in Abidjan on 17 September 2015. The “New Deal for Energy in Africa,” which charts the way for a transformative partnership on energy focuses on mobilizing support and funding for the initiative from…

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