Market Insight: April 17, 2013


Africa

•  Rwanda plans $400mill debut bond sale to accelerate economic growth
•  IMF raises sub-Saharan African growth forecast for 2014 to 6.1%
•  Ghana Stock Exchange pursuing companies including Kosmos Energy to list in effort to boost liquidity

Nigeria

•  ASI -0.59%, $22.46m
•  Quiet session as investors non-committal as to next move

Kenya

•  NSE20 -0.95%, $6.2m
•  Profit taking the name of the game while activity driven by local participants
•  President Kenyatta targets sustained economic growth of more than 10% per year by cutting wage bill

Botswana

•  DCI +0.12%, $136k

Egypt

•  EGX30 +0.38%, $50m

Mauritius

•  Semdex +0.12%, $1.98m

South Africa

•  Top40 +1.18%, $1.6bn

Zambia

•  LuSE +0.89%, $408k

Zimbabwe

•  Ind -0.21%, Mining +0.43%, $1.57m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.14

-7.37

Nigeria

NGN

158.10

-1.23

Kenya

KES

83.90

+2.62

Mauritius

MUR

31.03

-1.53

Botswana

BWP

8.17

+5.05

Tanzania

TZS

1627.00

-2.58

Uganda

UGX

2540.00

+5.42

Rwanda

RWF

636.93

-0.86

Ghana

GHS

1.94

-2.06

BRVM

XOF

501.49

-0.46

Egypt

EGP

6.88

-7.60

Morocco

MAD

8.48

-0.31

Tunisia

TND

1.59

-2.82

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833