Botswana Market Watch | May 28th 2015: Botswana equity market gains 0.1%

Botswana Market Watch | May 28th 2015: Botswana equity market gains 0.1%

Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index continued to head northwards, gaining 0.08 percent to extend its year-to-date growth by 10.15 percent. However, the foreign composite index remained flat to close at 1,569 points and year-to-date return is still in the red, reflecting the depressed international commodity market. The equity market capitalization was recorded at BWP 381.589 billion. From the market activity viewpoint; the total volume and total turnover were recorded at 8.442 million (increased by 122 percent…

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Ghana Market Watch | May 28th 2015: Ghanaian benchmark index adds 0.05% and market cap up GHS 135 million

Ghana Market Watch | May 28th 2015: Ghanaian benchmark index adds 0.05% and market cap up GHS 135 million

Accra, Ghana (Capital Markets in Africa):- Ghana equity benchmark composite index advanced by 1.26 points (about 0.05 percent) to end the day at 2,362.28, representing a year- to- date return of 4.48 percent. While the financial Index lost 0.12 point to close at 2,422.33 with a year-to-date return trim to 7.68%. The market capitalization was recorded at GHS 64,575.13  million (gained GHS 135 million  from previous market capitalization).  At the same time, market activities were impressive with improved volume and turnover and…

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Cote d’Ivoire Market Watch | May 28th 2015: BRVM give up XOF 30bn, index lower today

Cote d’Ivoire Market Watch | May 28th 2015: BRVM give up XOF 30bn, index lower today

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Thursday, lower than the previous day. BRVM 10 index decreased from 275.04 to 272.88 points, a drop of 0.79%. BRVM Composite index lost 0.44% to 267.14 against 268.32 points previously. The equity market capitalization was recorded at XOF 6,591.72 billion compared to XOF 6,621.05 billion previously (a decrease of almost XOF 30 billion). Looking at…

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Egypt: 20 companies listed on EGX with EGP 5bn capital since May 2014

Egypt: 20 companies listed on EGX with EGP 5bn capital since May 2014

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Stock Exchange (EGX) is preparing to welcome, for the second time, an investment conference on financial markets, reports Egypt “Daily News” citing a press release of the institution. Over 20 companies have been listed on the EGX with over EGP 5bn in capital since May 2014, EGX Chairman Mohamed Omran announced. In the statement issued by the Stock market, EGX Chairman Mohamed Omran said this “success” came…

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AfDB scaled up project funding by 15% to US$ 7.6 billion in 2014

AfDB scaled up project funding by 15% to US$ 7.6 billion in 2014

Abidjan Cote D’Ivoire (Capital Markets in Africa) — The African Development Bank Group (AfDB) realised a 15.3 percent increase in its operations turnover in 2014 compared to 2013 despite the challenging global and regional economic environment, according to AfDB 2014 Annual Report. Support to infrastructure accounted for over half of the US $7.6 billion invested in the Regional Member Countries (RMCs) during the year, representing a 15.3-percent increase over the 2013 funding portfolio. According to…

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African economies grew by 3.9% GDP in 2014 amid global and regional shocks

African economies grew by 3.9% GDP in 2014 amid global and regional shocks

Abidjan Cote D’Ivoire (Capital Markets in Africa) — African economies registered 3.9% average GDP growth in 2014 compared to the 3.7% in 2013. This reflects resilience to global and regional shocks which affected the continent last year, according to the African Development Bank Group’s Annual Report, which was released Wednesday, May 27 in Abidjan. According to the report, despite the negative impacts of low commodity prices, the Ebola epidemic in West Africa as well as…

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Botswana Market Watch | May 27th 2015: Botswana equity market continues the positive trend

Botswana Market Watch | May 27th 2015: Botswana equity market continues the positive trend

Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index continued to head northwards, gaining 0.01 percent (to close at 10,457.26 point) to extend its year-to-date growth by 10.06 percent. However, the foreign composite index remained flat to close at 1,569 points and year-to-date return is still in the red, reflecting the depressed international commodity market. The equity market capitalization was recorded at BWP 381.455 billion. Looking at the market activity; the total volume and total turnover were recorded at 3.807…

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