The Rwanda Stock Exchange (RSE) shed 1.49 points on its share index during the week, mainly due to the drop in Bank of Kigali (BK) and Bralirwa’s share prices, yesterday’s market report indicates. BK’s share price dropped from Rwf 296 last Monday to Rwf 295 yesterday while Bralirwa’s dropped from Rwf 374 a share last […]
Author: Curated Content
Tanzania: Shilling Depreciation leads to 40% drop in volumes at Dar bourse
THE shilling depreciation has favoured foreign investors’ participation on Dar es Salaam Stock Exchange (DSE), who are buying more shares as their involvement has increased by 91.35 per cent in the first quarter. The shilling in this year’s first four months sunk to its lowest level in history since the local currency was introduced in […]
Kenyan Stock Exchange to introduce ETFs
INDIVIDUAL investors may from the third quarter buy into a diverse number of stocks and bonds including highly priced blue chips trading at the Nairobi Securities Exchange. This will be possible through the Exchange-Traded Funds whose regulations, the Capital Markets Authority and the Nairobi Securities Exchange said yesterday, are being fast tracked. An ETF basket […]
East Africa: EALA Urges Inclusive Investment Policies to prevent social unrest
The xenophobic violence currently taking place in South Africa could happen in East Africa if partner states don’t ensure inclusive policies to benefit citizens during the ongoing integration process, members of the East African Legislative Assembly (Eala) have warned. “South Africa is the most industrialised economy in Africa because of high investment levels but why […]
Egypt: Bourse Continues Gains for 2nd Day
The Egyptian Exchange (EGX) closed on Thursday with gains for the second day backed by share purchases by local and foreign investors. The market capital achieved gains worth EGP 3.4 billion to reach EGP 507.2 billion, after transactions hit EGP 546.1 million. The EGX 30 benchmark index soared 1.18 percent to close at 8,731.29 points. […]
Brand South Africa has lost its shine over new bout of xenophobic attacks
From a position of strength, post-apartheid South Africa has steadily lost its shine. South Africa has lost much of its regional lustre. BRAND South Africa is desperately mounting a fightback after a week of horrific xenophobic attacks mainly aimed at African nationals left its reputation sullied and Pretoria grappling with a major backlash from the rest of […]
Reprisal attacks against South African have started in other countries. Eye for an eye will keep us as the dark continent!
A demonstration against migrant workers outside a hostel in Johannesburg. Photograph: Marco Longari/Getty South Africa is facing a backlash from the rest of the continent over the targeting of immigrants in a wave of xenophobic violence. South African vehicles were pelted with stones in Mozambique on Friday and South African companies are reportedly being threatened […]
Rapid West African growth makes issued debt manageable
Rapid economic growth in West Africa’s CFA-franc zone will keep debt loads manageable despite a recent wave of heavy borrowing by governments, the governor of the regional central bank told Reuters. The Economic and Monetary Union of West Africa (UEMOA) plans to issue 2,865 billion CFA francs ($4.9 billion) in debt this year, down 22.4 […]
DHL confident of Zimbabwe growth
Leading international express and logistics company, DHL Express will be continuing its expansion and investment strategy across Sub-Saharan Africa and considers Zimbabwe as a key market within this strategy. DHL managing director of Express Sub-Saharan Africa, Charles Brewer who is in the country said Zimbabwe was seen as a strategic business hub for DHL in […]
Habaka incubator working with Malagasy government to boost tech
Habaka incubator working with Malagasy government to boost tech Malagasy tech hub Habaka is engaging with the government of the country in order to assist in increasing the percentage of the country’s gross domestic product (GDP) contributed by technology. Habaka was founded in 2011 and registered as a non-profit in 2012, becoming the first innovation […]