Stock Market

Zimbabwe: Cairns Requires U.S.$ 40 Million for Recapitalisation

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Posted by admin 165 days ago (http://allafrica.com)

[The Herald]Cairns Holdings said yesterday it required in excess of US$40 million in fresh capital to retire its debt and to replace obsolete equipment. Cairns was suspended from trading on the Zimbabwe Stock Exchange on Wednesday after management voluntarily applied for judicial management.

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Nigeria: FG, Stockbrokers Meet On Economy

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Posted by admin 165 days ago (http://allafrica.com)

[Daily Trust]Lagos -Federal Government and key stockbrokers will be meeting in Abuja on Tuesday to brainstorm on the telecommunications and power sectors of the economy.

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Namibia: Fitch Outlook Stable

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Posted by admin 165 days ago (http://allafrica.com)

[Namibia Economist]The recent Fitch ratings has shown a stable outlook for Namibia, a slight improvement from the previous negative outlook. Long-term foreign currency and long term domestic currency issuer default ratings remain at "BBB-" and "BBB" respectively

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Zimbabwe: Probe Shakes BAT

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Posted by admin 165 days ago (http://allafrica.com)

[The Herald]TOBACCO processor BAT Zimbabwe's shares fell 12 percent yesterday after police launched investigations into allegations of industrial espionage levelled against the firm. After trades yesterday, BAT lost US50c from US400c with the industrial index falling 0,27 percent or 0,41 points to 148,83.

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Kenya: NSE Index Rise Signals Market Has Completed

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Posted by admin 165 days ago (http://allafrica.com)

[The Star]The Nairobi All Share eased a further 0.12 points to close at 91.86. The Nairobi All Share has been on a losing streak since closing at a 17 month high on November 26th.

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Nigeria: NSE Turnover Dips By 17 Percent, Index Appreciates

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Posted by admin 165 days ago (http://allafrica.com)

[Leadership]The volume of shares traded on the Nigerian Stock Exchange (NSE) on Thursday declined by 17 per cent but the market indices appreciated.

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Egypt: ESE Gains LE 8 Billion

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Posted by admin 166 days ago (http://allafrica.com)

[Egypt Online]The Egyptian Stock Exchange (ESE) revived at the closing of Tuesday's 4/12/2012 trading on the back of the approval by judicial authorities to oversee the public referendum on the draft constitution slated for December 15.

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Nigeria: SEC Deepens Stock Market, Woos Corps Members

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Posted by admin 166 days ago (http://allafrica.com)

[This Day]As part of efforts to deepen the Nigerian capital market and widen the scope of its development mandate, the Securities and Exchange Commission (SEC) Nigeria is extending its public enlightenment programme to members of the National Youth Service Corps (NYSC).