The Editorial Team |

Mozambique on strong growth performance and low inflation say IMF

Maputo, Mozambique (Capital Markets in Africa) – Following the Executive Board’s discussion, Mr. Min Zhu, Deputy Managing Director and Acting Chair, issued the following statement: “Mozambique’s continued strong growth performance and low inflation are commendable. Investments in large coal and natural gas projects underpin a positive medium-term outlook, but low commodity prices have increased near-term risks. “Recent program performance under the Fund’s Policy Support Instrument has been mixed. While structural reforms have been proceeding, there were macroeconomic policy…

Rwanda targets $1.2 bln foreign investment in 2015

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Kigali, Rwanda (Capital Markets in Africa) – Rwanda aims to increase foreign direct investment in 2015 to $1.2 billion, a fourfold jump from two years ago, helped by a new investment code that offers tax breaks and other incentives, a senior official said on Thursday. World Bank rankings show Rwanda is one of the easiest places to do business in Africa, after Mauritius and South Africa, but the country has struggled to meet past investment…

Mauritius Equity Watch | 2 July 2015: Mauritius equity market stays in red territory, MUR 758 million down

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity markets kept yesterday bearish mood at the end of today’s trading session. The Mauritius All Share Index (SEMDEX index) plunged by 0.35 percent or 6.82 points to close 1,966.19 points and the SEM10 index tumbled by 0.32 percent or 1.20 points to end at 373.86 points. The market capitalization further lost MUR 758 million to close at MUR 218.596 billion (as against MUR 219.354 billion recorded at yesterday’s…

African Stock Market Mid-Year 2015 Report: BRVM June leader, Botswana Q2 winner, Malawi YTD champ

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Lagos, Nigeria, Capital Markets in Africa — African stock market performance measured by country equity benchmark index return ended in red for the month of June, with seven advancers and eleven decliners on the local currency basis. The June monthly returns ranges from -4.7% registered by the Egyptian stock markets (measured by EGX30 index) to 5.49% recorded by Ugandan equity markets. Looking it from the quarterly return basis for local investor, African equity performance ended on neutral…

In Tunisia, Second Deadly Attack on Tourists in Four Months Is Credit Negative

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Tunis, Tunisia (Capital Markets in Africa) — Last Friday, a Tunisian student attacked foreign tourists at a beach resort in Sousse, Tunisia, killing at least 38. It was the second large-scale attack on foreign tourists in the country in just four months, following two Tunisian gunmen killing 22 people at a museum in Tunis in March. Although Tunisia’s (Ba3 stable) successful democratic transition between 2011 and 2014 and our outlook for its economic recovery prompted…

South Africa Market Watch | 1 July 2015: South African equity all share index closes 0.16% higher as industrial shares led gains, gold miners lost 2.41%.

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Johannesburg, South Africa (Capital Markets in Africa) — South African equity markets on Wednesday ended on a upward momentum. The Johannesburg Stock Exchange (JSE) All Share closed 0.16 percent or 81.09 points higher to close at 51,888.04 points. Likewise, the JSE Top 40 index added 0.37 percent or 171.77 points to end at 46,313 points and JSE Financial sector index surged by 0.05 percent at 43,643.48 points. Both Industrial sector index and industrial 25 index…

Morocco Equity Watch | 1 July 2015: Morocco equity markets reverts to red …Market cap MUR 1.1 billion, indices down

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Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market reverted to the south pole after yesterday gains. The Moroccan benchmark stock index (measured as MASI Index) slid by 0.33 percent to close at 9,546.32 points (with a year-to-date performance to -0.77 percent). On the same note, the Moroccan most active share index (MADEX) closed at 7,809.08 points, by losing 0.36 percent compared to previous trading session. However, FTSE CSE Morocco 15 Index faintly surged by 0.03…

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