Namibia: GIPF Market Value Soars

[Namibia Economist] The market value of the investments made by the Government Institutions Pension Fund has surpassed the N$50 billion mark as at 31 March 2012, up from N$46 billion last year. … [Read more...]

Tanzania: Investors Trust On DSE Likely to Grow

[Daily News] THE Dar es Salaam Stock Exchange (DSE) bullish trend is expected to continue this week backed by good signs of liquidity increase in the money market. … [Read more...]

Nigeria: Equities Maintain Downward Trend

[This Day] Investors in the Nigerian equities market last week waited in vain for a possible rebound of the market after two weeks of consistent decline following weak confidence on the back of negative news from the House of Representatives Ad Hoc Committee investigating the near collapse of the capital market. … [Read more...]

Nigeria: Calls for Capital Injection

[This Day] In her presentation to House of Representatives Ad Hoc Committee investigating the near collapse of the capital market last week, Okereke-Onyiuke declared that no amount of "workshops and discussions" will revive the market without direct and cash injection. … [Read more...]

Rwanda: Mining Companies Asked to Support Residents’ Development

[News of Rwanda] Stanislas Kamanzi, Minister for Natural resources has asked mining companies to develop the residents near the mines because precious stones are resident's property. … [Read more...]

Nigeria: Sheathe the Sword, Save the Capital Market

[Leadership] The current face-off between two formidable amazons undoubtedly roiled Nigeria's financial markets recently. Testifying before the reconstituted House of Representatives' ad-hoc committee probe on the near-collapse of the capital market, incumbent director-general of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh, accused former … [Read more...]

Nigeria: Oteh Elected AMERC Chairperson

[This Day] The capital market got some respite last week when the Director-General, SEC, Ms. Arunma Oteh, was unanimously returned un-opposed as chairperson of the African/Middle East Regional Committee (AMERC) of International Organisation of Securities Commissions (IOSCO). Her re-election took place at the IOSCO annual conference in Beijing, China. … [Read more...]

Nigeria: SME Listing – Stock Exchange Considers More Incentives

[This Day] The Nigerian Stock Exchange (NSE) may give more incentives to small and medium scale companies to list their shares as part of its contribution to the development and growth of the Nigerian economy. … [Read more...]

Nigeria: FG, States, LGAS Share N563 Billion in April

[Leadership] The three tiers of government are to share the sum of N563.089 billion from the Federation Account in the month of April, 2012. … [Read more...]

Zimbabwe: Cambria Seeks to Comply With Law in Celsys’ Takeover

[Financial Gazette] LONDON-listed Cambria Africa Plc is planning to take over the entire issued share capital of Zimbabwe Stock Exchange-listed Celsys Lim-ited, in which it already holds a 60 percent stake. … [Read more...]

Nigeria: NSE Trading Ends on a Negative Note

[Leadership] Activities on the Nigerian Stock Exchange closed for the week on negative note on Friday as major blue chips recorded price losses. … [Read more...]

Kenya: NSE Close the Week on a Nine Month High

[The Star] The NSE 20 rallied a further 21.88 points to close at 3699.69 and this is a fresh 9+ month closing high. The Nairobi All Share firmed 0.18 points to close at 80.09. The Market is bullish and has been gaining traction throughout 2012.Breadth continues to improve. … [Read more...]