The Editorial Team |

Côte d’Ivoire benefits from strong economic growth and increasing investment

ABIJDAN, Cote d’Ivoire, Capital Markets in Africa — Côte d’Ivoire’s (B1 positive) very high economic growth prospects, on the back of institutional reforms, support the government’s strong budget revenue performance, says Moody’s Investors Service in a report published on 31st August 2015. “While weak institutional strength poses a key challenge for Côte d’Ivoire, we expect reforms and public infrastructure investment to underpin high economic growth in 2015-16,” says Aurelien Mali, Senior Analytical Advisor —…

President of the African Caucus urges the combat of illicit financial flows in Africa

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LUANDA, Angola, (Capital Markets in Africa) — The President of the African Group and Minister of Finance of Angola, Armando Manuel, declared in the welcoming speech to the participants at the Luanda Caucus- 2015 meeting. “This obliges us to look for other sources of financing including savings that can be made from restricting illicit financial flows from Africa, especially measures that can be taken to radically reduce these mass monetary outflows and guarantee that they are used…

Africa need further integration of economic activities — Angolan VP

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LUANDA, Angola (Capital Markets in Africa) — The Angolan Vice-President, Manuel Vicente, stated in the African Caucus forum that there is no sustainable development while there is poverty. In his opening speech Manuel Vicente, representing the President of Angola, José Eduardo dos Santos, in the meeting of the Ministers of Finance and Governors of the African Central Banks, together with the World Bank and the International Monetary Fund also noted that African countries must have a…

African Equity Market August 2015 Report: Most Exchanges sag for both local and foreign investors, Egypt bled most …

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Lagos, Nigeria (Capital Markets in Africa):- African stock markets performance measured by country equity benchmark index return ended in negative for the month of August, with all indices closed in red zone for both local currency and dollar return basis. Still on local basis return, the August average return of -2.9 percent was recorded across eighteen African equity indices and August monthly returns ranges from -11.5 percent recorded by the Egyptian Exchange equity markets (measured by EGX 30 index) to -0.2 percent registered…

Ghana Equity Markets | 31 Aug 2015: Ghana equity indices lower and investors’ value US$1 down

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Accra, Ghana, Capital Markets in Africa — On Monday, the equity market capitalization ended at GHS 63,772 million after losing GHS 4 million (about US$1 million) relative to market capitalization of GHS 63,776 million recorded at previous trading session. The benchmark composite index dropped by marginally 0.66 points or 0.03 percent to close the day at 2,154.77 points, representing a year-to-date performance 0f -4.70 percent. In the same mood, financial Index narrowly dipped by 0.71 points or 0.03 percent to…

South Africa Equity Market | 31 Aug 2015: Johannesburg Stock Exchange All Share marginally grew by 0.01%

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Johannesburg, South Africa (Capital Markets in Africa) —On Monday Johannesburg Stock Exchange (JSE) All Share escaped negative zone by marginally rose by 0.01 percent or 5.53 points to settle at 49,972.33 points but the JSE Top 40 index could not by slightly fell by 33.63 points or 0.08 percent to end at 44,350.11 points. From the sector perspectives, financial sector index sagged by 0.14 percent or 59.47 points at 43,803.34 points. Whereas both Industrial sector index and industrial 25 index soared by…

Ghana Equity Markets | 27 Aug 2015: Ghana Stock Exchange equity markets ended in negative territory … investors lose 5 million dollar

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Accra, Ghana, Capital Markets in Africa — On Thursday, the Ghana Stock Exchange equity markets ended in negative territory. The market capitalization was recorded at GHS 63,513 million after plunging by GHS 21 million (about US$5.2) relative to market capitalization of GHS 63,534 million recorded at previous trading session. The benchmark composite index shaved off 0.18 points or 3.89 percent to close the day at 2,144.15 points, representing a year-to-date performance 0f -5.17 percent. In the same mood, financial…

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