The Editorial Team |

Nigeria’s President asks head of biggest private equity firm to join cabinet

Lagos, Nigeria, Capital Markets in Africa — Nigeria’s President Muhammadu Buhari has asked the head of the country’s biggest private equity firm to join his cabinet, Senate President Bukola Saraki said on Tuesday, as lawmakers started screening candidates for a long-awaited government. Saraki did not specify a portfolio for Okechukwu Enyinna Enelamah, head of African Capital Alliance (ACA), as he read out a second batch of Buhari’s cabinet nominees that need to be approved by…

Nigerian Equity Markets | 13 Oct 2015: Nigerian Equities Market Retracts Uptrend… ASI Down 57bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market retracted two consecutive days of gains as the composite index fell 57bps to close at 30,058.40 points after today’s trading session. In a similar manner, market capitalization lost N59.2bn to settle at N10.3tn. Today’s pullback was consequent on sell offs in DANGOTE CEMENT (-1.8%), NIGERIAN BREWERIES (-1.1%) and PZ (-3.9%). At end of trade, total volume and value of transactions traded declined 7.7% and 6.6%…

Tanzania Equity Markets | 13 Oct 2015 : All share index 0.70% lower, domestic share index 0.68% up …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — Tanzania Dar Es Salaam Stock continued in the red zone, as the equity market capitalization dipped by TZS 146 billion (about US$67.5 million) to end at TZS 20,945 billion relative to market capitalization of TZS 21,091 billion recorded at previous trading session. The Dar es Salaam Stock Exchange All Share index (DSEI) declined by 16.80 points or 0.70 percent to end at 2,390.72 points. Also, Tanzanian…

Kenya Equity Markets | 13 Oct 2015: Nairobi Securities Exchange Ends in Red Again, Market Cap US$141 Mill down …

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Nairobi, Kenya Capital Markets in Africa — Nairobi Securities Exchange continued to walk toward the southern region at the end of Tuesday’s trading session. The equity market capitalization ended at KES 1,967 billion after losing KES 14.59 billion (c.US$141 million) or 0.74 percent from the market capitalization of KES 1,982 billion recorded at previous trading session. The Nairobi All Share Index declined by 0.75 percent or 1.05 points to end at 139.87 points and the Nairobi Securities…

Morocco Equity Markets | 13 Oct 2015: MASI Index 0.71% lower, MADEX Index 0.76% lower, Market cap drops US$346 million

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Casablanca, Morocco, Capital Markets in Africa —Casablanca Stock Exchange backed to negative territory after two days in the positive region. The Moroccan benchmark stock index (measured as MASI Index) edged down by 0.71 percent to end at 8,989 points (with a year-to-date performance to -6.56 percent) with total market capitalization at MAD 452.870 billion (a decrease of MAD 3.32 billion or US$346 million relative to previous market capitalization of MAD 456.191 billion). The market activity measured…

Mauritius Equity Markets | 13 Oct 2015: Bear continues to rule, SEMDEX index 0.43% down, Investors lose US$25 Million …

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PORT LOUIS, Mauritius, Capital Markets in Africa — Stock Exchange of Mauritius equity market stayed in the south zone. The equity market capitalization ended at MUR 209.798 billion after dropping MUR 896 million (about US$25.1 million) compared to previous market capitalization of MUR 210.694 billion. The Mauritius All Share Index (SEMDEX index) plunged by 0.43 percent or 8.09 points to close at 1,893.94 (lowest level since March 2013) and SEM10 index dipped by 060 percent or…

South Africa Equity Markets | 12 Oct 2015: JSE equity markets lower, key indices down, gold index higher

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JOHANNESBURG, South Africa, Capital Markets in Africa — The South Africa equity began the week on a negative note, Johannesburg Stock Exchange (JSE) All Share index closed 1.01 percent or 538.04 points lower to close at 52,757.60 points. The JSE Top 40 index also sagged by 568.12 points or 1.19 percent to end at 47,241.76 points. Looking at the sector indices, JSE financial sector index shrunk by 0.55 percent to end at 44,213.06 points. Both Industrial and industrial 25 sector indexes declined…

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