The Editorial Team |

Egypt Equity Watch | 17 Aug 2015 : Egyptian Exchange equities extend bear run to second day …

Cairo, Egypt (Capital Markets in Africa):- The downtrend persisted on the Egyptian Exchange for second consecutive sessions. The market capitalization ended at EGP 468.5 billion after shedding EGP 5.7 billion (US$730 million); relative to EGP 473.2 billion recorded at previous day trading session. The benchmark index EGX30 slid by 0.42 percent or 31.71 points to end 7,594.05 points, extending its southward movement for the second trading session in a row, which it hit one-month low. However, the equal-weighted…

Zimbabwe Market Watch | 17 Aug 2015: Zimbabwe equities continue in red zone … went down by US$15 million

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Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index continued in the negative zone today and plunged by 0.40 percent or 0.56 points to end at 140.81 points. The market capitalization ended at US$3.695 billion by dropping US$15 relative to previous trading session market capitalization of US$3.710. The market activity today recorded a turnover of US$724,703 exchanged in 13 traded securities via 34 trade transactions. Foreign investor buys US$429,961 and foreign sells…

Mauritius Equity Watch | 17 Aug 2015 : Bull returns to the Stock Exchange of ended on mixed mood … indices up and market cap MUR 612 million up

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Port Louis, Mauritius (Capital Markets in Africa) — The Mauritius All Share Index (SEMDEX index) opened the week by gaining 0.28 percent or 5.43 points to close at 1,970.45 points and the SEM10 index closed at 377.24 points by adding 0.89 points or 0.24 percent. The market capitalization surged by MUR 612 million (US$9.3 million) to close at MUR 219.103 billion relative to previous market capitalization of MUR 218.491 billion. Today’s overall total volume trade ended at 38.718…

Moody’s downgrades Mozambique government rating to B2

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MAPUTO, Mozambique (Capital Markets in Africa) — Moody’s Investors Service has today downgraded Mozambique’s government issuer rating to B2 from B1 and changed the outlook to negative. The key driver for Moody’s decision to downgrade Mozambique’s rating to B2 is the underperformance of its fiscal and debt metrics vis-à-vis peers which is expected to continue over the medium-term. The negative outlook reflects uncertainties over the government’s strategy for covering its increasing external debt payments in…

African Equity Market July 2015 Report: BRVM rewards local investors, Botswana strengthens foreigners capital

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Lagos, Nigeria, Capital Markets in Africa — African stock market performance measured by country equity benchmark index return ended in negative for the month of July, with eight gainers and 10 losers on local currency basis. The July average return of -1.5 percent was recorded across eighteen African equity indices and July monthly returns ranges from -9.8% registered by the Nigeria equity markets (measured by NSE All Share) to 8.2% recorded by Cote d’Ivoire equity market (measured…

Moody’s says Kenya B1 rating reflects robust growth potential balanced

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Nairobi, Kenya (Capital Markets in Africa) — Kenya’s B1 rating and stable outlook reflect the country’s robust growth potential, its leadership role in the East African region and its commitment to structural reforms, Moody’s Investors Service said in a report published today. These advantages are balanced against Kenya’s weak, although strengthening institutions, large twin (government and current account) deficits and national security challenges. The decentralization of the government introduced in the 2010 constitution has helped…

IFC Supports Afriland to Provide Trade Finance Guarantees to Corporates in Cameroon

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Douala, Cameroon (Capital Markets in Africa) —IFC, a member of the World Bank Group, has signed an agreement with Afriland First Bank Cameroon (“Afriland”), to enable it to expand its trade finance operations and extend more services to small and medium enterprises and corporate clients in Cameroon. The risk-mitigating scheme will provide guarantees to local importers and exporters that alleviate trade lines limitations and related constraints within the banking community. A breakthrough initiative towards a privately-owned Cameroonian…

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