Market Insight: December 19, 2012

Africa

•  West and Central African Central Banks look into unifying francs in effort to boost trade and fight money laundering

Nigeria

•  ASI -0.20%, $16.99m
•  Crosses in NB the main talking point while profit taking on banks and consumers evident

Kenya

•  NSE20 +0.45%, $5.8m
•  Reduced foreign participation reduces total turnover. Safcom, BATK and BMBC the most active stocks on the day
•  Kenyan Tea Development Agency agrees to buy 15% of Family Bank for undisclosed sum
•  Barclays seeks CBK approval to set up Barclays Shared Services, unit to handle opening accounts, loan approvals and card services

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