The Editorial Team |

Mauritius Equity Markets | 16 Nov 2015: Bearish sentiment opens in the week … Market Capitalization of MUR 495 million lower

PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius equity markets trading opened the week in the negative region. The equity market capitalization ended at MUR 205.117 billion after dropping MUR 494.832 million (about US$13.9 million). The Mauritius All Share Index (SEMDEX index) fell by 0.24 percent or 4.44 points to end at 1,850.44 and SEM10 index declined by 0.41 percent or 1.46 points to end at 355.01 points. From the market…

Investment in Africa: Managing Currency Risk — Andrew Gillespie

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Volatility is not a new word for investors in Africa. Events of 2014 and this year across the continent highlight this – especially in the continent’s currency markets. Irrespective of the market, or country; be it via private equity, listed equity, fixed income, or underlying trade and capital flows – managing FX volatility and risk is a constant feature of the evaluation process. For most participants, it is often a frustrating, opaque and expensive exercise,…

African Economic Watch: African Countries Release October Inflation Rates Statistics …

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Lagos, Nigeria, Capital Markets in Africa — Most of the African countries released the inflation rates figure for October in the week ending Sunday 15 November 2015. South Africa also released the production figures for the mining and manufacturing sector and Tanzania’s M3 money supply September data were also released by the Bank of Tanzania. Sudan’s annual inflation rate eased to 13.37 percent in October from a revised 13.56 percent in September, a monthly report…

Africa’s key growth constraints are infrastructure deficits, extreme poverty — Steve Kayizzi-Mugerwa

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Kinshasa, DR Congo, Capital Markets in Africa — In September of 2015, global leaders gathered in New York to adopt the Sustainable Development Goals. Back home in Africa a number of constraints will need to be removed to make progress. The lack of adequate infrastructure, particularly energy, is a major constraint. It has been estimated that electricity supply for Africa as a whole is equivalent to that of Belgium, a country of only 11 million…

Moody’s changes outlook on the DR Congo’s Ba3 rating to negative; rating affirmed

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Brazzaville, DR Congo, Capital Markets in Africa —- The rating outlook on the Democratic Republic of the Congo issuer rating of Ba3 was changed to negative from stable and Ba3 rating was affirmed the rating by Moody’s rating agency on November 13 2015. Moody’s Rating Agency attributed the negative outlook to increasing uncertainty regarding the government’s capacity to consolidate its finances amid a protracted oil price shock that has depressed the fiscal and growth…

Africa Equity Weekly | 13 Nov 2015: Uganda, Kenya in the positive but Egypt, Nigeria, South Africa in the red zone …

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Lagos, Nigeria, Capital Markets in Africa — It was a bearish mood this week for most equity markets as news flows from several markets dampened investors’ sentiments. Equally, the impressive US October jobs report released last week which moved the US Fed closer to raising its benchmark interest rate during its next meeting in December further spurred sell-offs in equities. The African equity markets ended in the red zone at the end of Friday 13 November 2015,…

Moody’s affirms Gabon’s Ba3 ratings; outlook stable

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Libreville, Gabon, Capital Markets in Africa —- Moody’s Investors Service has today affirmed the Republic of Gabon’s Ba3 issuer and government bond ratings. The outlook is stable. The key drivers behind Moody’s decision to affirm the Ba3 ratings are: (1) Moody’s expectation that the oil shock-induced deterioration in the government’s debt profile will reverse from 2017 onwards and will remain in line with similar rated peers; (2) the country’s membership of the Economic and Monetary…

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