The Editorial Team |

Cote D’Ivoire Equity Markets | 07 Oct 2015: BRVM Composite index 0.23% down, BRVM 10 index 0.28% lower, Investors shed US$20 Million

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Wednesday lower than the previous day. BRVM 10 index decreased from 304.86 to 304 points, a drop of 0.28 percent. BRVM Composite index lost 0.23 percent at 302.63 points against 303.33 points previously. The equity market capitalization sagged by XOF 11.37 billion (about US$20 million) to close at XOF 7,468 billion relative to previous trading…

Kenya Equity Markets | 07 Oct 2015: Negative sentiment continues, NSE All Share 0.16% lower, NSE20 Index 0.18 up..

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Nairobi, Kenya Capital Markets in Africa — Negative sentiment continued to prevail on the Nairobi Securities Exchange equity trading platform at the end of Wednesday’s trading session. As a result equity markets capitalization ended at KES 2,007 billion after losing KES 3.17 billion (c.US$31 million) or 0.16 percent from the market capitalization of KES 2,010 billion recorded at previous trading session. The Nairobi All Share Index sagged by 0.16 percent or 0.23 points to end at 142.70 points and…

Morocco Equity Markets | 07 Oct 2015: Bear rules the Morocco equity markets, Investors further lose US$260 million ….

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Casablanca, Morocco, Capital Markets in Africa —The bear ruled at the Morocco equity markets, as a result the Moroccan benchmark stock index (measured as MASI Index) sagged by 0.60 percent to close at 8,993.97 points (with a year-to-date performance to -6.51 percent) with total market capitalization at MAD 452.840 billion (a decrease of MAD 2.5 billion or US$260 million relative to previous market capitalization of MAD 455.645 billion). The market activity measured as total traded value…

Mauritius Equity Markets | 07 Oct 2015: Market Capitalization down by US$13 Million, SEMDEX Index 0.22% lower …

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PORT LOUIS, Mauritius, Capital Markets in Africa — Persistence of the negative sentiment continued at the Stock Exchange of Mauritius equity markets trading session on Wednesday. Therefore, the equity market capitalization ended at MUR 212.623 billion after dropping MUR 465 million (about US$13.2 million) compared to previous market capitalization of MUR 213.088 billion. The Mauritius All Share Index (SEMDEX index) tumbled by 0.22 percent or 4.18 points to close at 1,909.31 and SEM10 index crashed by…

BMCE likely to maintain solid profits from pan-African operations, outweighing risks — Moodys

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Casablanca, Morocco, Capital Markets in Africa — BMCE Bank’s (Banque Marocaine du Commerce Extérieur) rising profitability is increasingly mitigating the risks arising from its rapid pan-African expansion, says Moody’s Investors Service in a report published today. Moody’s report, entitled “Banque Marocaine du Commerce Exterieur: Stronger Profits Increasingly Mitigate Risks of Rapid Pan-African Expansion”. The rating agency’s report is an update to the markets and does not constitute a rating action. BMCE Bank (ba3/BCA, Ba1/Local Currency…

Forte Oil Nigeria Sales 17% Stake to Mercuria For US$200 Million

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Lagos, Nigeria, Capital Markets in Africa —- One of Nigeria’s integrated energy solution providers, Forte Oil Plc, confirmed the acquisition of 17 percent of its equity by Mercuria Energy Holdings SA for $200 million. With the foreign direct investment in Forte Oil, the world’s third largest independent energy trader and asset operator has made inroads into the West African energy sector. Forte Oil said in a press release that through this investment, it had…

Tanzania Equity Markets | 06 Oct 2015: Bear the King at Tanzania Stock Markets, Indices down ..

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DAR ES SALAAM Tanzania, Capital Markets in Africa — On Tuesday, equity market trading returned to negative sentiment after the market capitalization went down TZS 462 billion (about US$214 million) to end at TZS 21,585 billion relative to market capitalization of TZS 22,047 billion recorded at previous trading session. The Dar es Salaam Stock Exchange index (DSEI) sagged by 53.07 points or 2.11 percent to end at 2,464.24 points. Also, Tanzanian domestic Share Index fell…

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