Market Insight: July 17, 2013


Africa

•  Egypt calls on Ethiopia to seek solution on Nile water sharing
•  Tanzania mobile phone CEOs meet with Finance Minister Mgimwa about new SIM card charges
•  Angola said to start onshore oil block auction in September
•  Mauritius May tourist income rises 20% from year earlier

Nigeria

•  ASI -0.01%, $17.87m
•  Quiet day across the board in Lagos
•  Lawmakers want Shell and Eni $1.1bn award revoked
•  Glaxo SmithKline plans to raise stake in GSK Nigeria from 46% to 75% despite opposition from investors
•  Guaranty Trust Bank to buy 70% of Kenya’s Fina Bank for $100mill

Kenya

•  NSE20 -0.14%, $4.3m
•  Quiet day in Nairobi

Botswana

•  DCI -0.02%, $72k

Egypt

•  Closed

Mauritius

•  Semdex -0.03%, $859k

South Africa

•  Top40 -1.54%, $1.15bn

Zambia

•  LuSE -0.01%, $9k

Zimbabwe

•  Ind +1.2%, Mining unch, $3.3m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.86

-14.15

Nigeria

NGN

160.87

-2.93

Kenya

KES

86.85

-0.86

Mauritius

MUR

30.95

-1.29

Botswana

BWP

8.54

+9.74

Tanzania

TZS

1619.00

-2.10

Uganda

UGX

2583.00

+3.67

Rwanda

RWF

647.39

-2.46

Ghana

GHS

2.07

-8.00

BRVM

XOF

501.46

-0.44

Egypt

EGP

7.00

-9.12

Morocco

MAD

8.48

-0.15

Tunisia

TND

1.65

-6.45

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