The Markets | - Part 237

Zambians say our Lord’s Prayer: Gives us our daily bread …

Lusaka, Zambia, Capital Markets in Africa — Zambian President Edgar Lungu wants Zambians to pray and fast on this Sunday. All bars, nightclubs and entertainment venues have been instructed by the government to shut on the day, while the Football Association of Zambia has cancelled domestic games. Church leaders are rallying their members to heed the president’s call in a nation where more than 80 percent of the 15 million people are Christian. The country prayer…

African Sovereign Eurobond September 2015 Review: Yield widening, US$449 Billion Amount Outstanding …

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The continued low oil and commodity price environment had doubled whammy on most African countries (especially commodity dependent countries) by reducing foreign earnings and depreciation of currency. New issuance from the continent dropped to $4.25 billion in the first nine months of 2015, with only Egypt (US$1.5 billion) Cote D’Ivoire (US$ 1 billion), Gabon (US$ 500 million) and Zambia (US$1.25 billion) coming to the market a disappointing figure relative to a of…

African Stock Market Sept & Q3 2015 Report: Nigeria Local Champ, Uganda Foreign Favourite, BRVM Q3 Winner

Posted on by The Editorial Team

Lagos, Nigeria Capital Markets in Africa — African stock markets performance measured by country equity benchmark index returns ended in negative for the month of September, with eight gainers and ten laggards on the local currency basis. Still on local basis return, the September average return of -0.6 percent was recorded across eighteen African equity indices and September monthly returns ranges from -7.4 percent recorded by the Namibian equity markets (measured by Namibia Overall Index) to +8.1 percent registered…

South African Reserve Bank Keeps Repurchase Rate at 6.00 percent

Posted on by The Editorial Team

Johannesburg, South Africa, Capital Markets — The South African Reserve Bank Monetary Policy Committee (MPC) has unanimously decided to keep the repurchase rate unchanged at 6.0 percent, according to statement released by the Lesetja Kganyago, Governor of the South African Reserve Bank. The statement stated that inflation outlook remains a concern for the Monetary Policy Committee, with the risks to the forecast assessed to be on the upside. Although two breaches of the target are…

Central Bank of Nigeria Keeps Benchmark Rate at 13 percent

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — On 22 September 2015, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting was held where the MPC resolved to reduce the cash reserve requirement (CRR) to 25 percent from 31 percent, retain the monetary policy rate (MPR) at 13 percent, with the symmetric corridor of 200 basis points around the MPR, and retain the liquidity ratio at 30 percent. The MPC decisions were based on…

Kenya’s Monetary Policy Committe retains Policy Rate at 11.50 percent

Posted on by The Editorial Team

Nairobi, Kenya, Capital Market in Africa — At the end of the September 22nd 2015 Monetary Policy Committee (MPC) meeting, the MPC kept the policy rate (Central Bank Rate — CBR) at 11.5 percent, with intention to keep inflation in control which was trending towards the five percent target. The benchmark interest rate, was kept unchanged for the third time after it was raised in July by 150 basis points to current level. The MPC, also…

Egypt central bank keeps its interest rates unchanged at 9.75 percent

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa — In its meeting held on September 17, 2015, the Central Bank of Egypt (CBE) Monetary Policy Committee (MPC) decided to keep the overnight deposit rate, overnight lending rate, and the rate of the CBE’s main operation unchanged at 8.75 percent, 9.75 percent, and 9.25 percent, respectively. The discount rate was also kept unchanged at 9.25 percent. According to the statement issued by the CBE, the headline Consumer Price…

« 1 … 235 236 237 238 239 … 252 »