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[Guardian] Transactions on the equities sector of the Nigerian Stock Exchange (NSE) yesterday, sustained sliding profile, occasioned by price depreciation recorded by most blue chip stocks, as the All-share index depreciated by 0.14%.At the close of transactions, the NSE-All-share index declined by 43.07 absolute points, representing a decrease of 0.14 per cent, to close at 31,082.32 points.
Nigeria: NSE-Asi Dips Further By 0.14 Percent
[Leadership] Lagos -Nigerian equities market extended negative stance into the second trading session of the week as the Nigerian Stock Exchange- All Share Index (NSE-ASI) shed 0.14 per cent, yesterday.
Nigeria: Jumia's Billion-Dollar NYSE Listing Comes Amid Both Good and Worrying Signs
[Daily Maverick] Later in 2019, the New York Stock Exchange will see the first listing of an African technology company to be valued at more than $1-billion, a real, actual dinkum unicorn. The company, Jumia, is Nigeria-based and is known as the African Amazon since it is primarily an e-commerce business. But is it a good investment?
Kenya: Bank Stocks Gain Sh13.6 Billion After Freeze of Rate Cap Law
[Nation] Kenyan banks' share prices rose further on the Nairobi Securities Exchange (NSE) on resumption of trade on Monday, three days after a court declared the lending rate cap null and gave Parliament 12 months to review it.
Nigeria: SEC Seeks Mergers of Shareholder Groups for Positive Change, Economic Growth
[Guardian] The Securities and Exchange Commission (SEC) has stressed the need for all registered shareholders' associations in the Nigerian capital market to form alliance through mergers.
Zimbabwe: Listed Entities Stick to U.S. Reporting Standards
[The Herald] Zimbabwe Stock Exchange listed companies that have released their financial results to date, have resorted to the use of old reporting standards as they await detailed guidelines from various regulators, Business Weekly has established.
Tanzania: Tanzania Bourse Starts Week On Bad Note
[The Exchange] The Dar es Salaam Stock Exchange (DSE) posted a bullish increase in total turnover of Tshs.8.2 billion ($3.5 million) last week compared to Tshs.1.7 billion ($739,130) of the previous week with Tanzania Breweries Limited (TBL) and Dar es Salaam Stock Exchange (DSE) emerging as top movers.
Nigeria: NSE All-Share Index Gains 0.15% As Stock Market Rebounds
[This Day] Reprieve came the way of investors yesterday as the equities market bucked five days of losses to close on a positive note. The market pared losses as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.15 per cent to close at 31,360.28, while market capitalisation added N17.5 billion to be at N11.69 trillion.
Nigeria: 10 Companies Control 71% of NSE Equities Market Capitalisation
[This Day] Ten companies, led by Dangote Cement Plc, account for 71 per cent of the market capitalisation of the equities listed on the Nigerian Stock Exchange (NSE), THISDAY investigation has shown.
Zimbabwe: 'Black Market Can't Determine Forex Rates'
[The Herald] Government cannot allow itself to be influenced by the black market in determining foreign exchange rates on interbank transactions as the parallel market is run by a few individuals transacting on nominal amounts, Reserve Bank of Zimbabwe Governor Dr John Mangudya has said.
Kenya: Stockmarket Mints New Dollar Millionaires
[East African] Investments in the stockmarket have turned more than 9,000 Kenyans into dollar millionaires, with latest data showing that super-rich individuals have put at least a quarter of their money in listed companies.
Nigeria: MTN to List On NSE By June
[Guardian] Abuja and Maiduguri -Barring unplanned changes, telecommunication giant, MTN, will list its shares on the Nigerian Stock Exchange (NSE) in or before June this year.MTN, while announcing its results for the year ended December 31, 2018, confirmed its intention to list by introduction on the NSE in the first half of 2019.
Nigeria: Telecom Companies Decry Increasing Tax Burden, Seek Clarification On Eia
[Guardian] Telecommunications companies plying their trade in Nigeria, have cried out once again over what they described as, increasing tax burdens on their shrinking business.
Nigeria: Stakeholders Link Sustainable Market Rebound to Infrastructure Funding
[Guardian] With close to 38 per cent loss suffered investors due to free fall in equity prices in 2018, stakeholders have urged President Muhammadu Buhari to use his second term to prioritise the stock market as the most reliable medium to finance critical infrastructure.Dearth of infrastructure is routinely identified as the bane of doing business in Nigeria.
Kenya: Foreign Net Inflows Back at NSE After 16 Months
[Nation] Foreign investors at the Nairobi Securities Exchange (NSE) in February recorded a net buying position for the first time in 16 months, taking positions on a number of blue chips with an eye on dividend and capital gain.
Tanzania: Mineral Centre in the Offing to Control Tanzanite
[Citizen] Babati -Manyara Region, the home of famous tanzanite gemstones, wants to set up mineral buying centres, it was announced here at the weekend.
Namibia: Trade Union Calls for Geingob to Act On Zimbabwe
[Namibian] Trade Union Congress of Namibia's secretary general Mahongora Kavihuha has urged president Hage Geingob to use his "authority and power" as SADC chairperson to intervene in the deteriorating situation in Zimbabwe.
Ethiopia: Battle for U.S. Skies - Ethiopian Airlines Ups the Stakes
[East African] Africa's leading carrier, Ethiopian Airlines, has upped the competition for the US market, with this week's announcement that it will introduce three-times-a-week flights to the John F Kennedy International Airport in New York, adding to its flights to the city's Newark International Airport.
Mozambique: Food Insecurity in Southern Mozambique
[AIM] London -The US-funded Famine Early Warning Systems Network (FEWS NET) has warned that southern Mozambique and parts of the centre of the country are facing a food crisis due to December's abnormally high temperatures and late rains.
Tanzania: Dar es Salaam Stock Exchange Extends Trading Hours
[Citizen] Dar es Salaam -The Dar es Salaam Stock Exchange closed last week in a low note, as only Sh15 million turnover was recorded on Friday, compared with Sh100 million the day before.