Market Insight: April 24, 2012

Africa

•  Ghana seeks new markets for cocoa amid plans to boost production
•  StarAfrica of Zimbabwe plans 33% increase in sugar production
•  Moroccan wine thrives amid religious bans
•  See attached for issuance calendar for Government of Ghana Securities

Nigeria

•  ASI +0.10%, $21.13mill
•  IBTCCB released 2012 Q1 numbers after the close with PAT increasing 135%

Kenya

•  NSE20 +47bps, $6.85mill
•  Omnicom’s TBWA opens Kenya office for East African ad market
•  The U.S. Embassy in Kenya said it received “credible” information about a possible attack on hotels and government buildings in Nairobi

Botswana

•  DCI unch, $11k

Egypt

•  EGX 30 +248bps, $130m

Mauritius

•  Semdex +12bps, $1.3mill

South Africa

•  Top40 -166bps, $1.32bn

Zambia

•  LuSE -50bps, $61k

Zimbabwe

•  Ind -1bps, Mining +235bps, $890k
 

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