Friday, 11 July 2014
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LuSE All Share Index 2014-04-30 5,985.35 2.94% 10.94% 12.93% 39.94% 52.62%


Cigarette manufacturing orders drive up profit at BAT Kenya

British American Tobacco Kenya posted a 14 percent jump in first-half pretax profit to 2.56 billion shillings ($29.22 million), thanks to higher revenue from contracts to manufacture cigarettes for other companies.

Lafarge Nigeria gets approval to merge South African, Nigerian units

July 10, 2014 Nigerian Stock Exchange
Shareholders in Lafarge Wapco, the Nigerian unit of French cement maker Lafarge, on Wednesday approved a $1.35 billion deal combining its Nigerian businesses with Lafarge's wholly-owned South African subsidiary.

Anglo American to sell its 50% interest in Lafarge Tarmac to Lafarge

July 07, 2014 Botswana Stock Exchange
Anglo American announces its intention to sell its 50% interest in Lafarge Tarmac to Lafarge for a minimum value of £885 million ($1.5 billion) (subject to Lafarge / Holcim merger related conditions, including Lafarge Tarmac being deemed an…

Forte Oil Plc to join High Priced Stocks

July 03, 2014 Nigerian Stock Exchange
The Nigerian Stock Exchange (NSE) concluded its review of the prices of stocks, as part of its plans to improve liquidity and deepen the market, with the announcement of a new security that will be joining the league of High Priced Stocks. The stock…

Kenyan bourse says to sell 31% of its shares in IPO

The Nairobi Securities Exchange said it will sell 31 percent of its own shareholding in the bourse after receiving regulatory approval, aiming to complete the sale during the second half of this year.

Egyptian Exchange: Market Hours During Ramadan

June 25, 2014 Egyptian Exchange
EGX set the trading hours during Ramadan to be from 10:00 am till 01:30 pm for the ordinary trading session, for OTC (Orders Market) trading session on Mondays and Wednesdays from 11:30 am till 12:00 pm and for the Deals Market for the materialized…


Banks raise 200 mln euros for second Abidjan container port

July 11, 2014 Ivory Coast
Banque Atlantique, SocGen and Afreximbank have raised 200 million euros ($272.81 million) to start a second container terminal at Abidjan port in Ivory Coast, a banking spokesman said on Thursday.

Ivory Coast gold output to reach 22 tonnes by 2016

July 11, 2014 Ivory Coast
Ivory Coast gold output is expected to reach 22 tonnes in 2016, an increase of around 30 percent from 2014 estimates, due to the start-ups of two new mines, the country's mines minister said on Thursday.

Ivory Coast increases budget on higher cocoa, gas, port revenues

July 10, 2014 Ivory Coast
Ivory Coast has increased its 2014 budget by nearly 4 percent on expectations of higher earnings from cocoa, natural gas and the country's ports, a government spokesman announced on Wednesday.

Bank of Ghana raises prime interest rate to 19.0%

July 09, 2014 Ghana
The Bank of Ghana raised its prime interest rate by 100 basis points to 19.0 percent on Wednesday, citing risks to the West African nation's fiscal outlook.

BRICS to launch New Development Bank next week - Russia

July 09, 2014 International
Leaders of the BRICS nations will launch their long-awaited development bank at a summit next week and decide whether the headquarters should be in Shanghai or New Delhi, Russian Finance Minister Anton Siluanov said on Wednesday.

Ghana annual inflation rises to 15.0% in June: stats office

July 09, 2014 Ghana
Ghana's annual consumer price inflation rose to a four-year high of 15.0 percent in June from 14.8 percent in May, the West African nation's statistics office said on Wednesday.