Market Insight: February 11, 2014


Africa

•  McDonald’s looking towards Africa for next expansion drive
•  Botswana to sign deal with Namibia to develop coal export line

Nigeria

•  ASI -31bps, $32.7m
•  Chunky local crossing once again dominating the session (DangCem) while outside of crosses in FBNH (-2.38%) and Zenith (-1.93%) not much going on
•  Nigerian housing shortage rising with slums demolition

Kenya

•  NSE20 -28bps, $5.2m
•  Local investors dominate on a quiet day
•  Diageo to delay buying stake in Serengeti Breweries until 2018

Botswana

•  DCI -19bps, $421k

Egypt

•  EGX30 +36bps, $115m

Mauritius

•  Semdex -3bps, $1.3m

South Africa

•  Top40 +1.33%, $1.29bn

Zimbabwe

•  Ind -16bps, Mining unch, $440k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.12

-5.70

Nigeria

NGN

163.15

-1.75

Kenya

KES

86.20

+0.12

Mauritius

MUR

30.30

-0.83

Botswana

BWP

9.05

-3.32

Tanzania

TZS

1622.00

-1.97

Uganda

UGX

2468.75

+2.36

Rwanda

RWF

678.01

-0.30

Ghana

GHS

2.53

-6.13

BRVM

XOF

482.69

-0.52

Egypt

EGP

6.96

-0.20

Morocco

MAD

8.23

-0.53

Tunisia

TND

1.59

+3.18

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