The Editorial Team |

Nigeria’s Monetary Policy Committe High Stakes, Tough Choices …

LAGOS, Nigeria, Capital Markets in Africa — The Nigerian Monetary Policy Committee (MPC) will be sitting for its 6th and last session for the year from 23rd and 24th of November 2015. The meeting is coming against the backdrop of concerns surrounding FX rate amid calls for further devaluation of the local unit, slow GDP growth, unrelenting inflationary pressure, robust liquidity levels in the financial system as well as the increasing expectation for a FED rate…

Africa’s much-trumpeted growth is a reality but not a quality growth — Dr. Calos Lopes

Posted on by The Editorial Team

Kinshasa, DR Congo, Capital Markets in Africa — The most urgent challenge faced by Africa at the present time is how to eradicate poverty while promoting prosperity. While we seem to be doing well on the latter front, with average economic growth of 5 per cent over the past decade – well above the global average – the picture is much less encouraging with regard to the fight against poverty. Africa’s much-trumpeted growth is a…

Billionaire denies being taken hostage in Mali terrorist attack

Posted on by The Editorial Team

Nigerian billionaire, Aliko Dangote has denied reports that he was taken hostage by terrorists in Mali. Dangote made the swift denial via his Twitter handle today, November 20, 2015. “Rumour about me being held hostage is false. I was in Mali yesterday. Thank you for your concern. My prayers with those involved,” the African billionaire tweeted. An earlier denial had also been reportedly made by Dangote’s aide, Anthony Chiejina who said that the billionaire was…

Egypt Equity Markets | 19 Nov 2015: All Green at Egyptian equity, EGX30 index 2.43% higher, Bank sector 3.01% up ….

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa —– Egyptian Exchange continued in the North Pole at the end of today trading session. The equity market capitalization added EGP 4.8 billion (nearly US$596 million) to end at EGP 423.117 billion relatively to the previous market capitalization of EGP 418.348 billion. The benchmark index EGX30 grew by 2.43 percent or 155.00 points to close at 6,568.97 points to reach its most high level in eleven weeks. The equal-weighted indexes EGX50 surged…

Nigerian Equity Markets | 19 Nov 2015: Equity Sell down Moderates as Breadth Rebounds …NSE sheds 6bps

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The Nigeria All Share Index continued the southbound course today to extend losses to the 4th trading session. The index dipped 6bps to 28,203.20pts while YTD loss remained 18.6%. Bellwethers that furthered the decline in the benchmark index were NIGERIAN BREWERIES (-0.5%), OANDO (-5.0%) and GUARANTY (-0.4%). Investors lost N5.6bn as market capitalization closed at N9.7tn. Market activity showed mixed signals today; volume traded increased 21.8% to 175.0m units…

Morocco Equity Markets | 19 Nov 2015: Morocco equity indices end higher, investors pocket US$68 million

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa —Positive sentiment returned to the Casablanca Stock Exchange at the end Thursday’s trading session. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.15 percent to close at 9,192.85 points (with a year-to-date performance to -4.44 percent) and the equity market capitalization ended at MAD 462.330 billion (a drop of MAD 670 million or US$67.7 million relative to previous market capitalization of MAD 461.660). The market activity measured…

South Africa Reserve Bank hikes Repo Rate to curtail inflation and strengthen rand …

Posted on by The Editorial Team

Johannesburg, South Africa, Capital Markets in Africa — The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) unexpectedly raised the Repurchase Rate by 25 basis points to 6.25 percent, according to the press release issued on Thursday 19 November 2015 and signed by the SARB Governor Lesetja Kganyago. The MPC also lowered its inflation and growth forecasts for 2015, it also warned of the risk of price pressures spreading because of a weakening rand…

« 1 … 947 948 949 950 951 … 1,066 »