The Editorial Team |

Tanzania Equity Markets | 9 Sep 2015 : Hurray Dar es Salaam Stock Exchange equity investors smile home …

DAR ES SALAAM Tanzania, Capital Markets in Africa — The Bull appeared on the the Dar es Salaam Stock Exchange equity markets after the equity market capitalization gathered about TZS 552 billion (about US$ 255 million) to end at TZS 22,225 billion relative to market capitalization of TZS 21,763 billion recorded at previous trading session. In the like mood, the Dar es Salaam Stock Exchange index (DSEI) soared by 63.45 points or 2.56 percent to…

AfDB and Japan sign bilateral agreement for loan worth US$300 Mill …

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — On September 8, 2015, the African Development Bank (AfDB) and the Government of Japan signed the sixth private sector assistance loan under the joint initiative titled Enhanced Private Sector Assistance (EPSA) for Africa. The loan, worth JPY 35.88 billion, equivalent to USD 300 million, is intended to support private sector operations in Africa. To mark this agreement a signing ceremony was held at AfDB headquarters in Abidjan, Côte…

Mauritius Equity Markets | 9 Sep 2015 : The Bear is the King at Stock Exchange of Mauritius Equity Markets …

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PORT LOUIS, Mauritius, Capital Markets in Africa — Stock Exchange of Mauritius equity market capitalization closed at MUR 215.847 after losing MUR 222 million (US$6.2 million) relative to previous market capitalization of MUR 216.069 billion. The Mauritius All Share Index (SEMDEX index) slacked by 0.10 percent or 1.91 points to close at 1,938.25 points and SEM10 index closed at 369.53 points after adding 0.18 percent or 0.68 points. From the market activity viewpoint, the overall total volume…

JP Morgan to remove Nigeria from government bond index

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LAGOS, Nigeria, Capital Markets in Markets – JP Morgan will remove Nigeria from its Government Bond Index (GBI-EM) by the end of October, the bank said on Tuesday, after warning the government of Africa’s biggest economy that currency controls were making transactions too complicated. The removal will force funds to sell Nigerian bonds, triggering potentially significant capital outflows and raising borrowing costs for the government. Struggling with a plunge in vital oil revenue, Nigeria had imposed…

Ghana Equity Markets | 8 Sep 2015: Ghana Stock Exchange equity markets move to positive ..

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Accra, Ghana, Capital Markets in Africa — On Tuesday the Ghanaian Stock Exchange (GSE) equities closed in positive momentum, as a result the market capitalization rose by GHS 54 million to close at GHS 62,894 million relative to market capitalization of GHS 62,840 recorded at previous trading session. The benchmark composite index added 9.52 points or 0.45 percent to close the day at 2,103.61 points, representing a year-to-date performance 0f -6.96 percent. However, the financial Index sagged by 1.96 points or…

Nigerian Equity Markets | 8 Sep 2015: Nigerian Equities Sustain Positive Run ASI up 102bps

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Lagos, Nigeria, Capital Markets in Africa — Nigerian equities sustained bullish momentum into the third consecutive trading session after crossing the psychological line of 30,000 points yesterday. The benchmark index advanced 102bps today to close at 30,358.87points, paring YTD loss to 12.4%. Market capitalization also added 105.4bn to close at N10.4tn. The improvement in the benchmark index today was on account of sustained bargain hunting in DANGCEM (+0.8%) and banking counters — ZENITH (+8.8%), STANBIC…

Tanzania Equity Markets | 8 Sep 2015 : Bear mood continues, DES All share index 0.51% lower, market cap US$51 Mill down…

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DAR ES SALAAM Tanzania, Capital Markets in Africa — The Bear continued to show it supremacy on the Dar es Salaam Stock Exchange equity markets after the equity market capitalization went down about TZS 110 billion (about US$51 million) to end at TZS 21,763 billion relative to market capitalization of TZS 21,784 billion recorded at previous trading session. Still in negative sentiment, the Dar es Salaam Stock Exchange index (DSEI) slumped by 12.66 points or…

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