The Editorial Team |

Cote D’Ivoire Stock Markets | 09 Oct 2015: BRVM Equity Ends Higher, Market Cap US$30 Million Surge ….

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Friday higher than the previous day. BRVM 10 index rose from 302.38 to 303.32 points, a gain of 0.31 percent. BRVM Composite index gained 0.24 percent at 301.99 points against 301.28 points previously. The equity market capitalization soared by XOF 17.67 billion (about US$30 million) to close at XOF 7,452 billion relative to previous trading sessions’…

Kenya Equity Markets | 09 Oct 2015: Kenya Equity Stays in Red, Investors Lose US$73 Mill, Indices down…

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Nairobi, Kenya Capital Markets in Africa — It all red at the Nairobi Securities Exchange equity markets this week after the equity markets capitalization ended at KES 1,996 billion after losing KES 7.54 billion (c.US$73 million) or 0.38 percent from the market capitalization of KES 2,003 billion recorded at previous trading session. The Nairobi All Share Index slumped by 0.37 percent or 0.53 points to end at 141.87 points and the Nairobi Securities Exchange (NSE20) index sagged by…

Morocco Equity Markets | 09 Oct 2015: Positive Sentiment Ends Equity trading, Market Cap Gains US$206 Mill …

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Casablanca, Morocco, Capital Markets in Africa —On Friday, the equity trading witnessed a relief by ending in positive mood. The Moroccan benchmark stock index (measured as MASI Index) surged by 0.61 percent to close at 9,020.26 points (with a year-to-date performance to -6.24 percent) with total market capitalization at MAD 454.268 billion (a gain of MAD 2.5 billion or US$260 million relative to previous market capitalization of MAD 451.773). The market activity measured as total traded…

Mauritius Equity Markets | 09 Oct 2015 : Mauritius Equity Trading Ends in Red, SEMDEX 0.21% down, SEM10 index 0.14% lower

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius equity markets trading closed the week in negative mood. The equity market capitalization ended at MUR 211.245 billion after giving up MUR 446 million (about US$13 million) compared to previous market capitalization of MUR 211.691 billion. The Mauritius All Share Index (SEMDEX index) went down by 0.21 percent or 4.01 points to close at 1,896.93 and SEM10 index decreased by 0.14 percent or…

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

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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…

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