Market Insight: July 15, 2013


Africa

•  Tanzania drafts new law to deal with tax evasion on customs and excise
•  Zimbabwe’ police and army officers to vote today ahead of 31 July vote
•  DRC aims to modify law to lure foreigners for $5.7bn farming plan
•  Mozambique Central Bank keeps benchmark rate unchanged at 9%
•  Mauritius June tourist arrivals rises by 0.7% vs 1 year earlier

Nigeria

•  ASI +0.13%, $18.39m
•  Quiet day in Lagos with foreign demand for Tier 1 banks continue to push the sector higher

Kenya

•  NSE20 +1.33%, $8m
•  Safcom and KNCB action the bulk of the day’s activity. BATK reported 1H13 numbers

Botswana

•  DCI -0.14%, $355k

Egypt

•  Closed

Mauritius

•  Semdex -0.59%, $451k

South Africa

•  Top40 +0.40%, $1.31bn

Zambia

•  LuSE +0.09%, $11k

Zimbabwe

•  Ind +1.18%, Mining unch, $2.35m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.97

-15.03

Nigeria

NGN

161.50

-3.31

Kenya

KES

87.15

-1.20

Mauritius

MUR

31.05

-1.61

Botswana

BWP

8.62

+10.83

Tanzania

TZS

1615.00

-1.86

Uganda

UGX

2580.94

+3.75

Rwanda

RWF

640.25

-1.37

Ghana

GHS

2.04

-6.87

BRVM

XOF

504.59

-1.06

Egypt

EGP

6.99

-9.05

Morocco

MAD

8.53

-0.79

Tunisia

TND

1.66

-6.57

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