Market Insight: August 31, 2012


African Currencies

 
Country
Notation
Currency
 
South Africa
ZAR
8.39
 
Nigeria
NGN
158.00
 
Kenya
KES
84.35
 
Mauritius
MUR
30.45
 
Botswana
BWP
7.761
 
Tanzania
TZS
1571.00
 
Uganda
UGX
2510.00
 
Rwanda
RWF
614.3657
 
Ghana
GHS
1.9315
 
BRVM
XOF
522.93
 
Egypt
EGP
6.1028
 
Morocco
MAD
8.79
 
Tunisia
TND
1.59

Africa

•  South Africa posts biggest monthly budget gap of $6.8bn
•  South Sudan expects oil deal with Sudan to be signed by September
•  Zambian inflation accelerates to 6.4% in August
•  Ghana’s Tema oil refinery to start in 3 weeks
•  Tanzania to levy capital gains tax on proposed Barrick sale
•  Ehypt to detain former presidential candidate Ahmed Shafiq if her returns home

Nigeria

•  ASI +14bps, $14.6mill
•  Guaranty Trust Bank released H1 2012 results with PAT increasing 64.74%
•  China’s Export-Import Bank to lend Nigeria $1bn

Kenya

•  NSE20 -8bps, $2.33mill
•  CIC Insurance released H1 2012 results which saw profit decrease 12% as costs and claims increase

Botswana

•  DCI +1bps, $60k

Egypt

•  EGX30 +45bps, $109mill

Mauritius

•  Semdex -8bps, $1.7mill

South Africa

•  Top40 -128bps, $1.29bn

Zambia

•  LuSE -61bps, $190k

Zimbabwe

•  Ind +31bps, Mining unch, $690k
 

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