The Editorial Team |

Moodys assigns provisional (P)Ba2 rating to Angola’s forthcoming US dollar-denominated bond offering

Luanda, Angola, Capital Markets in Africa — Moody’s Investors Service has today assigned a provisional long-term (P)Ba2 rating to the forthcoming bond to be issued by the Government of Angola. The obligation is a senior unsecured bond issue and ranks pari passu with all current and future senior unsecured indebtedness of Angola. This rating is in line with Angola’s issuer rating of Ba2. This rating action concerns a new rating solicited by the issuer for…

Africa Equity Weekly | 23 Oct 2015: Egyptian Equity pulls African Equity Market to the Green Zone … South Africa, Nigeria among gainers

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Lagos, Nigeria, Capital Markets in Africa — The African equity markets ended in the green zone at the end of Friday 23 October, among the eighteen African equity indices ten ended in green and six in the red zone (Swaziland All Share index and Rwandan All Share index remained unchanged to end at 312.38 points and 133.83 points respectively) compared to the previous week ending Friday 16 October 2015. The overall average return of the eighteen…

Guinness Nigeria Plc announces 22bn net sales for first quarter of financial year

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Lagos, 22 October 2015 – Guinness Nigeria Plc, Nigeria’s leading beverage manufacturer and a subsidiary of Diageo Plc, has announced its financial results for the first quarter ended 30 September 2015. The results showed a 3% increase in revenue year on year. Commenting on the results, Mr. Peter Ndegwa, the company’s Managing Director/Chief Executive Officer, stated: “In the period under review, sales continued to grow despite a challenging trading environment, being 3% ahead of the…

Republic of Angola Enters Eurobond Markets with 10-year benchmark bond of US$1.5 billion

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Luanda, Angola, Capital Markets in Africa — Republic of Angola launched its first 10-year benchmark Eurobond on Thursday with the aim of raising US$1.5 billion for long-term economic development and to benchmark the country, according to the Angolan Finance Ministry. The Finance Ministry stated also that a sovereign issuance could enhance Angola’s transparency in the management of its public accounts and better manage the state’s financing costs. The statement further emphasized that the sovereign debt…

South Africa Equity Markets | 22 Oct 2015: Equity Markets Maintains Positive Sentiment lead by Gold sector ….

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Johannesburg, South Africa Capital Markets in Africa —Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) rose by 0.56 percent or 296.00 points to settle at 53,293.97 points and the benchmark JSE Top 40 index ended 220.13 points or 0.46 percent higher to end at 47,814.72 points. From the sector indices, financial sector index added 0.43 percent or 193.60 points at 44,835.44 points. Industrial sector index and industrial 25 index gained 0.47 percent to end at…

Kenya Equity Markets | 22 Oct 2015: : Kenya Equity Market Extends Gains … NSE All Share up 34bps

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Nairobi, Kenya Capital Markets in Africa — Nairobi Securities Exchange continued the bullish runs, as the equity market capitalization closed at KES 1,961 billion by gaining KES 6.6 billion (c.US$64 million) or 0.34 percent from the market capitalization of KES 1,955 billion recorded at the previous trading session. The Nairobi All Share Index gained 0.34 percent or 0.47 points to end at 139.43 points and the Nairobi Securities Exchange (NSE20) index rose by 26.61 points or 0.68 percent…

Tanzania Equity Markets | 22 Oct 2015 : Dar Es Salaam Equity Market Ends in a Mixed mood, All Share Index higher, Market Cap lower …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — The Tanzania Dar Es Salaam Stock Exchange equity markets ended in mixed mood, All share index up, but market capitalization down. The equity market capitalization added TZS 81.13 billion (about US$37 million) to end at TZS 21,220 billion relative to a market capitalization of TZS 21,301 billion recorded at the previous trading session. The Dar Es Salaam Stock Exchange All Share index (DSEI) advanced by 21.62…

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