Market Insight: February 25, 2013


Africa

•  Tullow drills for Ethiopia’s first oil in Kenyan extension
•  Zambia Banks attracting interest from global buyers
•  Ghana Commercial Bank gained 7th week on lending
•  Uganda parliament approves oil refinery bill

Nigeria

•  ASI +1.16%, $33.85mill
•  Nigerian Breweries released FY 2012 numbers which saw PAT fall -0.02%
•  Nigeria signs power-company sales pact with Siemens , Transcorp

Kenya

•  NSE20 -0.61%, $4.2mill
•  Diageo’s Kenya unit CEO Hainsworth resigned
•  Mombasa’s port traffic rose from a year ago before elections

Botswana

•  DCI +2bps, $47k

Egypt

•  EGX30 -84bps, $34mill

Mauritius

•  Semdex +47bps, $2.06mill

South Africa

•  Top40 -8bps, $1.64bn

Zambia

•  LuSE -41bps, $250k

Zimbabwe

•  Ind -22bps, mining -98bps, $2.91mill

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