The Editorial Team |

Nigerian Banks’ Foreign Currency Liquidity Still Tight — Fitch Ratings

LAGOS, Nigeria, Capital Markets in Africa — Cutting reserve requirements will not add liquidity to the Nigerian banking system because it releases no additional foreign currency (FC), says Fitch Ratings. Substantial government-related FC deposits are exempt from reserve requirements and have already been withdrawn from the system after the government ordered all public-sector deposits to be moved from commercial banks into the centralised Treasury Single Account (TSA) earlier this month. Nigeria’s Monetary Committee reduced mandatory…

South Africa Equity Markets | 23 Sep 2015 : South African Equity ends in Green As Reserve Bank Holds Rate …

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JOHANNESBURG, South Africa, Capital Markets in Africa —On Wednesday, South Africa equity markets ended in the positive momentum at the end of trading session. Johannesburg Stock Exchange (JSE) All Share index ended 1.06 percent or 528.54 points lower to close at 50,381.63 points. The JSE Top 40 index also added 538.33 points or 1.21 percent to end at 45,062.05 points. The JSE Financial sector index plummeted by 0.83 percent or 354.06 points to end at 43,163.82 points….

Ghana Equity Markets | 23 Sep 2015: Indices Marginally down, Investors lose US$ 0.2 Mill …

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Accra, Ghana Capital Markets in Africa — Ghana Stock Exchange equity markets continued to stay in the red district at the of Wednesday’s trading session. The equities market capitalization lost GHS 880,000 (about US$ 229,765) to close at GHS 62,339.27 million relative to market capitalization of GHS 62,340.15 recorded at previous trading session. The benchmark composite index lost 0.01 percent or 0.16 points to close the day at 2,039.07 points, representing a year-to-date performance 0f -9.82 percent. The financial Index sagged…

Kenya’s Economic Growth Robust and to Grow by 6.5% in 2015 — IMF

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Nairobi, Kenya, Capital Markets in Africa — Kenya’s economic growth has been robust despite headwinds from the global slowdown and ongoing domestic security problems, according to the International Monetary Fund (IMF) Country Report No. 15/269. However, the IMF revised its forecast for Kenya’s Gross Domestic Product (GDP) growth for 2015 from 6.9% to 6.5%, and trimmed 2016 figure from 7.2% to 6.8%. The Fund also revised inflation upwards to 6.4 percent from the previous projection of…

Nigerian Equity Markets | 23 Sep 2015: Rise ahead of Sallah Holiday…NSE ASI up 0.4%

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Lagos, Nigeria, Capital Markets in Africa — The stock market closed the week positive as DANGOTE CEMENT (+0.9%), NESTLE (+2.4%) and FORTE OIL (+3.4%) drove ASI 0.4% higher to close the week at 30,543.17pts, tempering YTD loss to -11.9%. Market capitalization added N43.6bn to close at N10.5tn. Market activity increased as volume traded rose 138.9% to 466.9m units while value traded improved 40.3% to N4.4bn. All sector indicators drifted northwards, save the Banking sector index…

Tanzania Equity Markets | 23 Sep 2015 : Dar es Salaam Stock Exchange witness the Bull, indices and market cap higher …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — The Tanzania equity market witnessed the bullish sentiments at the end of Wednesday’s trading session with the equity market capitalization and All Share index ended higher. The equity market capitalization gained TZS 9.67 billion (about US$261.63 million) to end at TZS 22,162 billion relative to market capitalization of TZS 22,152 billion recorded at previous trading session. The Dar es Salaam Stock Exchange index (DSEI) sagged by…

Cote D’Ivoire Stock Markets | 23 Sep 2015: BRVM Equity indices end higher, investors pocket US$134 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 Wednesday, higher than the previous day. BRVM 10 index rose from 293.07 to 297.33 points, a gain of 1.45 percent. BRVM Composite index gained 1.07 percent to 296.60 against 293.45 points previously. The equity market capitalization added XOF 78 billion (about US$134 million) to close at XOF 7,319 billion relative to previous trading sessions’ market capitalization…

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