Market Insight: April 30, 2012

Africa

•  China to loan South Sudan $8bn for infrastructure projects
•  Malawi to devalue Kwacha by 40% to unlock aid by meeting IMF terms
•  Angola Central Bank keeps benchmark rate unchanged at 10.25%
•  Mauritius to open new airport terminal to boost capacity
•  Soliton of Dubai to invest $114mill in Ethiopian real estate
•  Tanzania boosts Tanzanite output by 17% amid certification drive

Nigeria

•  ASI +5bps, $19.44mill. Rally in banking stocks becoming more muted as BNK10 -18bps
•  Nigerian court voids $5.3bn awards to Shell, Exxon Mobil
•  Nigeria needs $20bn for power industry over next 3 years
•  Dangote Cement in talks over location in Cameroon
•  NSE announces that it will start trading bonds within next 12 months

Kenya

•  NSE20 -64bps, $7.68mill. Large cross in EABL dominating days vols while large caps all soft

contacts
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  • South Africa +27 11 268 5833
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