The Editorial Team |

Egypt, AfDB sign two loans and a grant for Sharm el-Sheikh airport development

Abidjan, Cote D’Ivoire (Capital Markets in Africa):- The African Development Bank (AfDB) and Egypt, on May 29 in Abidjan, signed two loans and a letter of agreement. The two loans are worth US $140 million – US $90 million from the AfDB window and US $50 million loan from the Africa Growing Together Fund (AGTF). The letter of agreement concerned a grant from the Middle Income Countries (MICs) Technical Assistance Fund of UA 1.2 million…

How to ensure Africa’s natural wealth stays in Africa

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Abidjan, Cote D’Ivoire (Capital Markets in Africa):- With mineral prices plummeting 60 % from peak highs in 2011, turning Africa’s extractive industries, which include renewable resources, into lasting profits is a primary concern for the continent’s 54 nations. According to Ministers of Trade and Mining as well as experts in the fields, transparency and diversification of economies are the best ways to make sure that happens. “We are in the process of reviewing all mining…

Africa-India partnership: an opportunity for project financing in Africa

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Abidjan, Cote d’ Ivoire (Capital Markets in Africa):- Africa-India Partnership Day was one of the major events of the 2015 African Development Bank Annual Meetings. Jointly organized on May 27 in Abidjan by the AfDB’s Private Sector Department and the Export-Import Bank of India, it brought together financiers, sponsors, contractors, researchers and other key actors of Africa and India’s private sector for networking and identifying business opportunities mutually beneficial for the continent and India. The…

Taming the dollar as regional currencies take a beating

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Nairobi, Kenya (Capital Markets in Africa):- The strengthening of the dollar against other currencies has sent East Africa central banks back to the drawing board, after enjoying two years of stability, according to The East African News. The Newspaper further reported that Central banks are now making plans to protect their shillings from a free fall that has already induced inflationary pressure and increased the cost of servicing debts for governments and corporates. As a…

AfDB Report says Structural change needed to spur innovation in Africa

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Abidjan, Cote D’Ivoire (Capital Markets in Africa):- To make economic growth self-sustaining, African countries must urgently make deep structural changes to propel innovation, notably boosting public investment and strengthening social services. Innovation is needed to create jobs and offer livelihood opportunities to lift the majority of Africans out of poverty, according to the African Development Bank’s 5th Annual Development Effectiveness Review (ADER) released Wednesday in Abidjan. This year’s ADER has innovation as its theme. “While Africa today…

Mauritius Market Watch | May 29th 2015: Mauritius equity market indices ended the week on a negative note today

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market indices ended the week on a negative note today. The SEMDEX index lost 0.21 percent to end at 1952.00 points and the SEM10 index fell by 0.41 percent to 369.56 points. The market capitalization was recorded at MUR 217.018 billion at end of today’s trading sessions. Looking at the market activity, today total market turnover amounted to MUR 145.2 million mainly geared towards SBM Holdings, MCB Group…

Morocco Market Watch | May 29th 2015: Moroccan equity market maintains bullish tempo

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Casablanca, Morocco (Capital Markets in Africa):- Morocco’s benchmark stock index (MASI Index) gained 1.19 percent to close at 9,711.36 points (0.95 percent year-to-date performance) with total market capitalization at MAD 493.119 billion (increased by MAD 9 billion compared to previous trading sessions) and market activities measured as total traded value was recorded at MAD 967.881 million. Likewise, Moroccan most active share index (MADEX) closed at 7,947.39 points (advanced by 1.19 percent compared to previous trading day)….

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