The Editorial Team |

APR Energy Commissions New Botswana Project, Senegal Expansion

APR Energy, a global leader in fast-track power solutions, today announced that it has successfully completed the installation and commissioning of its new two-year, 35MW project for Botswana Power Corporation and the 48MW expansion of its existing project for Senelec, Senegal’s national electric utility. “I want to congratulate our installation and commissioning teams for demonstrating our commitment to operational excellence and customer satisfaction by quickly bringing this new capacity on line,” said Chief Executive Officer…

Kenya Equity Markets | 21 Sep 2015: NSE ends in red, All Share 0.0.5% down, NSE20 0.14% lower, market cap US$5 Million Short

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Nairobi, Kenya Capital Markets in Africa — The bear experienced in the last trading session was carried forward to begin the first day of the week on a negative note. The equity market capitalization ended at KES 2,065.5 billion after sagging by KES 500 million (c.US$4.74 million) or 0.024 percent from the market capitalization of KES 2,066 billion recorded at previous trading session. The Nairobi All Share Index marginally advanced by 0.05 percent or 0.08 points to end…

Morocco Equity Markets | 21 Sep 2015: The bullish mood opens the Equity Markets, investors US$102 Million Richer …

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Casablanca, Morocco, Capital Markets in Africa — At the beginning of the week, Casablanca Bourse equity trading closed in the positive sentiment. The Moroccan benchmark stock index (measured as MASI Index) surged by 0.27 percent to close at 9,087.24 points (with a year-to-date performance to -5.54 percent) with total market capitalization at MAD 465.523 billion (an increase of MAD 982 million or US$102 million relative to previous market capitalization of MAD 464.541). The market activity…

Mauritius Equity Markets | 21 Sep 2015 : Stock Exchange of Mauritius starts in positive moods, investors gain US$6.4 Mill …

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius began the week on a positive momentum and the equity market capitalization closed at MUR 213.725 after gaining MUR 230 million (US$6.4 million) relative to previous market capitalization of MUR 213.495 billion. The Mauritius All Share Index (SEMDEX index) surged by 0.11 percent or 2.07 points to close at 1,919.20 points and SEM10 index closed at 366.10 points after adding 0.26 percent or 0.96 points. From…

AfricInvest to exit investment in Alios Finance S.A.

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Tunis, Tunisia, Capital Markets in Africa — AfricInvest is pleased to announce that its fund AfricInvest Ltd., acting as lead investor, alongside FMO (the Dutch development bank), Finnfund (Finnish Fund for Industrial Cooperation Ltd.), Bank of Africa Group (a pan-African bank majority-owned by BMCE bank of Morocco) and Gras Savoye (a French insurance broker), has completed the sale of its 59.34% equity stake in Alios Finance S.A. to TLG Finance, a holding company controlled by…

Islamic Finance in Africa: A Promising Future — ICD

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JEDDAH, Kingdom of Saudi Arabia, Capital Markets in Africa — A newly-released report “Islamic Finance in Africa: A Promising Future” by the Islamic Corporation for the Development of the Private Sector (ICD) takes an in-depth look at the tremendous growth opportunities for Islamic finance to flourish in the region. The new report was released during the Africa Islamic Finance Forum 2015 in Abidjan. The report is being published as the global banking community comes together…

Nigerian Equity Markets | 18 Sep 2015: Equity Market Retreats to end in bear … NSE ASI down 0.2%

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Lagos, Nigeria, Capital Markets in Africa — After adding 0.2% each in the last two consecutive sessions, the All Share Index ended the week in the red, declining 0.2% to close the week at 30,332.68pts. Equally, market capitalisation fell N26.5bn to settle at N10.4tn for the week. Today’s decline was majorly driven by losses in DANGCEM (-1.8%), OANDO (-4.7%) and STANBIC (-1.6%). On the contrary, market activities closed the week up as volume and value…

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