Nigerian stocks surged to a 4-month high on Monday after equity index provider MSCI increased the weight of Africa's biggest economy.
The All share Index swung to a positive close yesterday rallying 1.1 per cent to close at 39.553 points.
Nigerian stocks hit a 7-week low while the country's shortest tenor bond yield spiked 10 basis points on Thursday.
Nigeria’s Debt Management Office has issued 30 billion naira worth of three and 20 year bonds.
The Kenyan shilling traded steadily against the dollar closing at 87.80/90 to the dollar on Thursday.
The Nairobi Securities Exchange (NSE) 20-share index continues to shed points.
Kenya’s Equity Bank has unveiled its Mobile Virtual Network Operator (MVNO) strategy set to launch in July 2014.
The Nairobi Securities Exchange 20 Share Index has continued to drop as Kenya continues to feel the threat of terror attacks.
Mondi said that it expects underlying operating profit for the half year ended 30 June 2014 to be above last year’s 367 million euros.
AECI explosives’ revenue remained flat for the first six months of 2014 due to the strike in South Africa’s platinum sector.
The Spur Corporation reported a 13.5 per cent increase in total restaurant sales, reaching 5.5 billion rand for the year ended 30 June 2014.
Merafe Resources expects its basic earnings per share (EPS) to rise dramatically due to an increase in ferrochrome production.
South Africa's rand was largely flat against the dollar on Thursday ahead of a central bank decision on interest rates later in the session.
South Africa's rand was still on a firm footing against the dollar on Friday after touching 10-day highs the previous session.
The Kenyan shilling was little changed against the dollar on Friday and traders said it was likely to remain supported next week.
South Africa's rand was largely stable against the dollar on Friday.
Rand Refinery has announced that its shareholders have approved a 1.2 billion rand irrevocable, subordinated loan facility.
About 50,000 metric tons of unsold sugar is being held by Ugandan sugar processors which is slowing the industry's expansion programmes.
Numsa members working for Eskom will join other union members when they down tools next Tuesday.
Mondi Limited is set to acquire the industrial bags and kraft paper business of Graphic Packaging International for 105 million US dollars.
Global equities are getting more expensive and definitely not the same value experienced in 2008 and 2009.
Markets opened Monday morning relatively flat in the industrials, down in the financials and banks and up in the resources.
The Johannesburg Stock Exchange AltX market welcomed a new company listing on Friday, Visual International.
South African stocks inched higher on Wednesday.