Market Insight: August 10, 2012


Africa

•  Air Mauritius posts Q1 loss as the EUR decline fuels losses
•  Angola inflation rate drops to 10% in July (down from 10.1%)

Nigeria

•  ASI +5bps, $9.36mill

Kenya

•  NSE20 +22bps, $5.1mill. Positive day in Nairobi as foreign activity returns to the large caps
•  Kenya’s biggest lender, KCB, says regional oil and gas discoveries may boost earnings as much as 30%
•  Nation Media Group rallies for the most in 4 years after raising interim dividend 67% and H1 earnings climbed 25%
•  AccessKenya H1 profit rises 11% after sales jump 10%

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