Market Insight: December 21, 2012

Africa

•  ABSA Group’s Tanzania unit to boost capital amid increase in bad debts
•  Zimbabwe Power Co and Sinohydro sign $400mill agreement to upgrade Kariba plant
•  Mauritius trade deficit widens to Rs8.02bn in October

Nigeria

•  ASI +0.58%, $17.79m
•  Consumer stocks the main focus with lots of activity on Nestle, NB and Guinness while banks up 2.58%

Kenya

•  NSE20 +0.09%, $9.2m
•  Foreign investors pumping in Nairobi, EABL the most active with large foreign cross at KES259
•  Safaricom loses bid for M-Shwari dispute to be heard by Tribunal

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