September 25, 2017//-Most of the indices under our watch closed in the green zone with the ZSE reversing part of its gain from last week as doubt regarding the length and the sustainability of the rally is rising.
Category: Capital Market
FSDH Merchant Bank Ltd Announces Investment by AFIG Funds
Mr. Papa Madiaw Ndiaye, CEO of AFIG Funds Lagos, Nigeria, 21 September 2017,-/African Media Agency (AMA)/- FSDH Merchant Bank, a financial services group in Nigeria, announced that Advanced Finance and Investment Group (AFIG Funds), a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in […]
‘SSNIT Scheme Unsustainable, Contributors Reducing’
Accra, September 21, 2017//-The Social Security and National Insurance Trust (SSNIT) scheme will not be sustainable by 2030 if the dynamics of the scheme or the contribution rate does not change, a former Managing Director (MD) of SIC Insurance Company (SIC), Mr Peter Osei Duah, has said.
Performance of African Stock Markets
September 19, 2017//-Sentiment was on the bearish side on African markets this week. Most indices under our watch closed on negative territories with the Zimbabwean stock exchange being the exception that proves the rule.
Ghana: Bearish sentiments Swell Around GCB stocks
—since takeover of UT & Capital banks Accra, September 13, 2017//-Exactly a month ago after the GCB Bank takeover of UT and Capital banks, all but one GCB stakeholder seems not to accept the new normal.
Africa50 Gains Guinea and DR Congo as Shareholders
Dakar, Senegal,September 12, 2017// Africa50, the pan-African infrastructure investment platform, held its third Shareholder Meeting in Dakar on Tuesday, September 12 where two new Africa50 shareholders, Guinea and the Democratic Republic of Congo were welcomed.
Group Calls on President to Revoke SEC Boss Appointment
Accra, September 6, 2017//-A youth group has raised red flag over the appointment of Rev. Daniel Ogbarmey Tetteh as the Director General of the Securities and Exchange Commission (SEC), a regulatory body for the country’s securities market.
RMB Research: IMF Bailout Extension Gives comfort to the Market
September 4, 2017//-South African based research firm, RMB Research, has lauded the government’s decision to agree an extension of the IMF bailout programme with Ghana, noting that it brings comfort and continuous fiscal discipline to the market.
South African Equities Set to End the Month at a New all-time High
September 4, 2017//-South African stocks are on track to close the month at a new all-time high, after trading in a sideways range for over two years.
4 African Currencies That Are Under Pressure In 2017
August 30, 2017//-The economies of sub-Saharan Africa have felt the pain of 2015 and 2016, and African currencies have experienced volatility as a result.