RC SSA 50 index launched for Africa by Renaissance Capital

Russian investment bank Renaissance Capital has recently launched a stock index known as RC SSA 50 index which will be covering 11 markets in sub-Saharan Africa.

The index covers equities in Botswana, the West African regional stock exchange Bourse Regionale des Valeurs Monetaires, Namibia, Ghana, Kenya, Zambia, Mauritius, Malawi, Nigeria, Uganda, and Zimbabwe.

New RC SSA 50 index for these 11 African countries is made up of 50 equities and represents 62 percent of the total market capitalisation of the domiciled sub-Saharan equity market, at $61.3 billion