The Editorial Team |

Morocco Equity Watch | 30 June 2015: Morocco equity markets on up tread…Market cap US$ 237 million, MASI Index 42bps up

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market retracted yesterday’s loss to end on the north pole. The Moroccan benchmark stock index (measured as MASI Index) increased by 0.42 percent to close at 9,578.34 points (with a year-to-date performance to -0.43 percent). On the same note, the Moroccan most active share index (MADEX) closed at 7,837.34 points, by adding 0.39 percent compared to previous trading session. Equally, FTSE CSE Morocco 15 Index surged by 0.23…

Zimbabwe Equity Watch | 30 June 2015: Zimbabwe equities give back yesterday’s gains, market cap US$12 million down and indices lower….

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Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization gave back yesterday’s gains at end of today’s session. The industrial index shrank by 0.30 percent or 0.44 points to end at 148.40 points. Also, the mining index retreated by 0.39 points or 0.87 percent to settle at 44.30 points. The market capitalization end at US$ 3.865 billion, by losing US$12 million (against 3.877 billion market cap recorded at yesterday’s…

Zambia’s capital city to receive US $50 million for sustainable urban sanitation

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Lusaka, Zambia (Capital Markets in Africa) —- The Board of Directors of the African Development Bank (AfDB) Group on June 24, 2015 approved a loan of US $50 million to finance the Lusaka Sanitation Program targeted at Lusaka, the capital city of Zambia. The Executive Directors, in approving the loan, expressed their satisfaction with the innovative approach in addressing the challenges of sanitation particularly among the poor in informal settlements. They urged the African Development…

Tourism in West Africa: an economic, social and cultural opportunity

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Abidjan, Cote D’Ivoire (Capital Markets in Africa) —- Whereas tourism is acknowledged as a driver of socio-economic development and growth in Africa, as evidenced in the last African Tourism Monitor, the 2015 edition of the annual report on competitiveness in travel and tourism, released in early May by the World Economic Forum (WEF), points out that West Africa lags behind when it comes to the travel sector. The ten West African countries assessed in the report…

Egypt Equity Watch | 29 June 2015: Egyptian equity markets weaken, indices drop, market cap down US$582 million

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Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets retracted yesterday’s gains by losing EGP 4.4 billion in the market capitalization, which ended at EGP 485.175 billion; relative to EGP 489.615 billion recorded at yesterday’s trading session. As a result of news that Egypt’s Prosecutor General Hisham Barakat and six others have been injured in a bomb attack in Cairo. The benchmark index EGX30 dropped 1.65 percent or 140.45 points to end the day below the 8,500 points barrier…

Zimbabwe Equity Watch | 29 June 2015: Zimbabwe equities start on uptrend, market cap US$13 million gains and indices rise.

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Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization started the week on bullish note at the end of today’s trading session. The industrial index grew by 0.04 percent or 0.06 points to end at 148.85 points. Equally, the market capitalization rose by US$13 million to end at US$ 3.877 billion (against US$ 3.864 market cap recorded at previous trading session). The market activity improved today with a turnover…

Egypt’s Draft Budget Hints at Slower Fiscal Consolidation, a Credit Negative

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Cairo, Egypt (Capital Markets in Africa) — Last Thursday, Egypt’s (B3 stable) Ministry of Finance announced the draft budget for the 2016 fiscal year that starts 1 July. The draft budget, which the cabinet approved and awaits sign-off from President Abdel Fattah el-Sisi, projects a fiscal deficit of 9.9% of GDP, down from the revised budget deficit of 10.8% during the current fiscal year. However, the budget hints at a slower fiscal consolidation pace than…

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