The Editorial Team |

Kenya Equity Markets | 17 Sep 2015: Equity market capitalization ends at KES 2.1 trillion by losing KES 5.5 billion ….

Nairobi, Kenya Capital Markets in Africa — The equity market capitalization closed at KES 2,083 billion by losing KES 5.5 billion (c.US$52 million) or 0.26 percent from the market capitalization of KES 2,088 billion recorded at previous trading session. The Nairobi All Share Index sagged by 0.27 percent or 0.40 points to end at 148.28 points and the Nairobi Securities Exchange (NSE20) index slumped by 8.32 points or 0.20 percent to close at 4,248.95 points. The FTSE NSE…

Cote D’Ivoire Stock Markets | 17 Sep 2015: BRVM close lower, equity investors lose US$88 Mill …

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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 Thursday, lower than the previous day. BRVM 10 index decreased from 295.16 to 293.11 points, a drop of 0.69 percent. BRVM Composite index lost 0.69 percent to 294.02 against 296.07 points previously. The equity market capitalization sagged by XOF 51 billion (about US$88 million) to close at XOF 7,255 billion relative to previous trading sessions’…

Morocco Equity Markets | 17 Sep 2015: Investors lose MUR 4 Billion, MADEX 1.07% lower …

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Casablanca, Morocco, Capital Markets in Africa — On Thursday, the Bear reappeared after one day in the bullish mood. The Moroccan benchmark stock index (measured as MASI Index) down by 1.07 percent to close at 9,200.22 points (with a year-to-date performance to -4.36 percent) with total market capitalization at MAD 470.567 billion (a decrease of MAD 4,069 million or US$420 million relative to previous market capitalization of MAD 474.636). The market activity measured as total…

Mauritius Equity Markets | 17 Sep 2015 : Bear shows up SEMDEX 8bps down, market cap down by US$5.1 Mill …

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PORT LOUIS, Mauritius, Capital Markets in Africa — The equity market capitalization closed at MUR 213.495 after losing MUR 181 million (US$5.1 million) relative to previous market capitalization of MUR 213.676 billion. The Mauritius All Share Index (SEMDEX index) plummeted by 0.08 percent or 1.63 points to close at 1,917.14 points and SEM10 index closed at 365.14 points after losing 0.01 percent or 0.04 points. From the market activity viewpoint, the overall total volume trade ended at 3,971,910 (a…

AfDB approves US$ 121 million for electricity expansion to rural households in Uganda

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — The African Development Bank (AfDB) Group Board approved on 16 September 2015 a US$ 121 million loan and grant to help Uganda’s government improve access to electricity for rural households, businesses and public institutions to ultimately improve the livelihoods, economic opportunities and access to social services in rural communities. The Bank Group allocated a US$ 100-million loan and an additional €10.205 million grant mobilized by the AfDB…

Randgold Resource stakes on Ghana’s Gold partnering with AngloGold

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ACCRA, Ghana, Capital Markets in Africa — Randgold Resources Limited (“Randgold”) and AngloGold Ashanti Limited (“AngloGold Ashanti”) have concluded an investment agreement (the “Agreement”) aimed at the formation of a joint venture to redevelop and operate AngloGold Ashanti’s Obuasi gold mine in Ghana. In terms of the Agreement, Randgold will lead and fund a development plan designed to rebuild Obuasi as a viable long-life mining business with an attractive cost structure and returns. Obuasi, located in…

Mali Economy Will Slow To 4.9% Due To Dwindling Manufacturing Output — IMF

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Bamako, Mali, Capital Markets in Africa — Mali’s economic growth is set to slow in 2015 to 4.9 percent, as a result of dwindling manufacturing output, in spite of a strong harvest, the International Monetary Fund (IMF) said in a statement on Wednesday. The Washington based institution said following its annual Article 4 consultation on Mali’s economy that inflation would also remain moderate at around 2.4 percent this year, up from 0.9 percent last year,…

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