Market Insight: February 22, 2013


Africa

•  Ghana seeks to curb wage burden after deficit soars
•  IBM embraces risk in bet that Africa makes $1bn by 2015
•  Tunisia seeks new premier as revolution’s stumble mirrors Egypt

Nigeria

•  ASI -0.60%, $32.95mill
•  Nestle fell most in 3 months on dividend
•  T-bill yields fall to 17-month low on offshore demand

Kenya

•  NSE20 +0.06%, $10.10mill
•  KenGen plans 20-year bond backed by geothermal revenue
•  Kenya plans to start building power line to Ethiopia in December

Botswana

•  DCI +3bps, $300k

Egypt

•  EGX30 +32bps, $42mill

Mauritius

•  Semdex +4bps, $1.2mill

South Africa

•  Top40 -20bps, $1.97bn

Zambia

•  LuSE unch, $845k

Zimbabwe

•  Ind +18bps, mining -101bps, $2.1mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

8.91

-4.91

Nigeria

NGN

157.25

-0.70

Kenya

KES

87.60

-1.71

Mauritius

MUR

30.70

-0.49

Botswana

BWP

8.02

+3.13

Tanzania

TZS

1632.00

-2.88

Uganda

UGX

2687.50

-0.36

Rwanda

RWF

633.53

-0.33

Ghana

GHS

1.90

-0.21

BRVM

XOF

497.12

+0.43

Egypt

EGP

6.73

-5.47

Morocco

MAD

8.44

0.11

Tunisia

TND

1.56

-0.86

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