Market Insight: December 17, 2013


Africa

•  Tanzania-Uganda railway to spend $211m on upgrades by 2018
•  Zimbabwe’s November consumer prices rise by 54bps from previous year

Nigeria

•  ASI +2.22%, $17.8m
•  Limit up in DangCem (+10%, N220) pushed the index higher while banks (-45bps) and consumers (-83bps) still soft
•  Inflation quickens to 7.9% in Nov, mainly due to higher food prices

Kenya

•  • NSE20 -2bps, $9.1m
•  • Increased foreign participation in the large caps, although large caps continue to soften (Safcom -50bps, EABL -1%)

contacts
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