The Editorial Team |

African Development Bank to triple Annual Climate Financing to nearly $5 billion by 2020

Abidjan, Cote D’Ivoire, Capital Markets in Africa — The President of the African Development Bank (AfDB), Akinwumi Adesina, announced on Friday, October 9 that the AfDB would nearly triple its annual climate financing to reach $5 billion a year by 2020. AfDB’s climate spending will increase to 40% of its total new investments by 2020. “Climate change is both an urgent threat and a unique opportunity,” Adesina said. “The Bank is significantly stepping up its support…

South Africa’s banking system outlook is stable despite economic headwinds — Moodys

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Johannesburg, South Africa, Capital Markets in Africa — Moody’s Investors Service has revised to stable from negative its outlook on the South African banking system for the next 12-18 months. Although subdued economic growth and rising interest rates will increase non-performing loans (NPLs), the rating agency nevertheless expects banks’ financial performance to remain resilient. “The stable outlook reflects our view that South African banks are well-positioned to withstand headwinds from the country’s weak economy,” says…

South Africa Equity Markets | 08 Oct 2015: Positive Momentum Persists, JSE All Share closes 0.31% higher, Financial index 0.52% lower …

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JOHANNESBURG, South Africa, Capital Markets in Africa — On Thursday, the South African equity markets continued on the positive momentum, with major indices ended higher except the financial sector index. The Johannesburg Stock Exchange (JSE) All Share index closed 0.31 percent or 161.8 points higher to close at 52,726.60 points. The JSE Top 40 index also soared by 130.87 points or 0.28 percent to end at 47,293.81 points. Looking at the sector indices, JSE financial sector index sagged…

Nigerian Equity Markets | 08 Oct 2015: Nigerian Equity Losses Moderate on the Bourse… NSE ASI Sheds 6bps

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Lagos, Nigeria, Capital Markets in Africa — The equities market continued on its losing streak today, although marginal, as the Nigerian All Share Index shed 6bps at the close of today’s trade to 30,123.20pts. Equally, after shedding N6.1bn, market capitalization settled at N10.4tn. This decline in the benchmark index was consequent on the losses recorded in banking counters – ACCESS (-3.8%) and ZENITH (-1.5%). Market activities measured by the volume and value of transactions also…

Tanzania Equity Markets | 08 Oct 2015 : Dar es Salaam Stock Exchange Equity market capitalization loses US$53 Mill …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — Tanzania Dar Es Salaam Stock Exchange equity ended in red district for both All Share index and market capitalization. The equity market capitalization dropped TZS 114 billion (about US$52.7 million) to end at TZS 21,446 billion relative to market capitalization of TZS 21,560 billion recorded at previous trading session. The Dar es Salaam Stock Exchange index (DSEI) slacked by 12.69 points or 0.52 percent to end…

Kenya Equity Markets | 08 Oct 2015: Losses Continue to the Seventh Day… NSE ASI down 0.21%…

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Nairobi, Kenya Capital Markets in Africa — The Nairobi Securities Exchange equity markets have been in the red zone for seven consecutive trading days at the end of today’s trading session. The equity markets capitalization ended at KES 2,003 billion after losing KES 4.25 billion (c.US$41 million) or 0.21 percent from the market capitalization of KES 2,007 billion recorded at previous trading session. The Nairobi All Share Index slacked by 021 percent or 0.30 points to end at 142.40…

Cote D’Ivoire Stock Markets | 08 Oct 2015: BRVM Composite Index 0.45% down, BRVM 10 Index drops 0.53%, investors lose US$58 Mill …

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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 304 to 302.38 points, a drop of 0.53 percent. BRVM Composite index lost 0.45 percent at 301.28 points against 302.63 points previously. The equity market capitalization sagged by XOF 33.53 billion (about US$58 million) to close at XOF 7,434 billion relative to previous trading…

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