The Editorial Team |

Cote D’Ivoire Stock Markets | 14 Sep 2015: All green at the BRVM Equity markets, investors gain US$74 Mill …

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Monday, higher than the previous day. BRVM 10 index rose from 292.94 to 294.05 points, a gain of 0.38 percent. BRVM Composite index gained 0.60 percent to 295.49 against 293.74 points previously. The equity market capitalization added XOF 43 billion (about US$74 million) to close at XOF 7,291 billion relative to previous trading sessions’…

Kenya Equity Markets | 14 Sep 2015: Kenya equity markets end higher, market cap gains US$190 Mill ….

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Nairobi, Kenya Capital Markets in Africa — The equity market capitalization ended at KES 2,072 billion after gaining KES 20 billion (c.US$189.7 million) or 0.97 percent from the market capitalization of KES 2,053 billion recorded at previous trading session. The Nairobi All Share Index advanced by 0.95 percent or 1.39 points to end at 147.58 points and the Nairobi Securities Exchange (NSE20) index gained 16.87 points or 0.40 percent to close at 4,234.66 points. The FTSE NSE 15…

Actis announces exit of Globeleq Africa to CDC and Norfund consortium

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London, Capital Markets in Africa — Globeleq, a company owned by Actis, the pan-emerging market investor, has completed the sale and transfer of Globeleq Africa, the power generation platform in Africa, to a company owned by Norfund, the Norwegian investment fund for developing countries and CDC Group (“CDC”), the UK government’s development finance institution. Norfund acquired a significant minority stake (30%) in Globeleq Africa for a final cash consideration of US$227 million. CDC, which…

Ghana Equity Markets | 14 Sep 2015: Ghana Stock Exchange equity markets ends lower …

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Accra, Ghana Capital Markets in Africa — Ghana Stock Exchange equity trading opened the week on a negative note and the equities market capitalization lost GHS 162 million (about US$43.5 million) to close at GHS 62,770 million relative to market capitalization of GHS 62,608 recorded at previous trading session. The benchmark composite index sagged by 0.35 percent to close the day at 2,081.18 points, representing a year-to-date performance 0f -7.95 percent. The financial Index slumped by 0.56 percent to trade at…

IFC and IFC ALAC Fund Invest in Afrimax Group to Support Expansion in Region

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Lagos, Nigeria, Capital Markets in Africa — IFC and the IFC African, Latin American, and Caribbean Fund (IFC ALAC Fund) have participated in a new round of growth financing for Afrimax to accelerate the rollout of its leading edge, LTE led business model, across multiple African markets. This latest investment round in Afrimax Group is led by Mitsui & Co., Ltd., the Japanese conglomerate headquartered in Tokyo, and includes participation from existing shareholders. IFC and the IFC ALAC…

Morocco Equity Markets | 14 Sep 2015: Casablanca Bourse equity traders smile home with US$147 Mill …

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Casablanca, Morocco, Capital Markets in Africa — On Monday, the Casablanca Bourse equity trading closed in the bullish sentiment. The Moroccan benchmark stock index (measured as MASI Index) continued the northward trend by adding 0.34 percent to close at 9,333.84 points (with a year-to-date performance to -2.98 percent) with total market capitalization at MAD 476.224 billion (an increase of MAD 1,426 million or US$147 million relative to previous market capitalization of MAD 474.798) and market…

Bank of Ghana Surprisingly Increases Benchmark Interest Rate Against Analysts’ Expectation

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Accra, Ghana, Capital Markets in Africa — The Bank of Ghana (BOG) increased the policy rate by 1 percent to 25 percent, Governor Kofi Wampah told reporters in the capital, Accra after the 66th regular meeting of the Monetary Policy Committee of the Bank. In August, the BOG merged the policy rate and reverse repo rate at 24 percent. The policy rate was previously 22 percent. The Central Bank said at the time the adjustment didn’t…

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