Market Insight: July 23, 2013


Africa

•  Sifca Group, Africa’s largest palm-oil refinery, says it plans to spend $417m in next 5 years on plantations and factories
•  Zambian SEC Head Mubipe resigns due to conflict of interest

Nigeria

•  ASI -0.62%, $16.8m
•  Very slow start to the week as interest in July remains light
•  Central Bank may lower target range for naira as dwindling forex reserves and falling oil prices undermine Banks ability to halt the currency’s slide

Kenya

•  NSE20 unch, $2.8m
•  Very slow start to the week at foreign activity drops
•  Kenyan government fires National Social Security Fund head Odongo

Botswana

•  DCI -0.07%, $41k

Egypt

•  EGX30 +0.60%, $74m

Mauritius

•  Semdex +0.16%, $720k

South Africa

•  Top40 +1.01%, $1.14bn

Zimbabwe

•  Ind +0.34%, Mining unch, $800k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.81

-13.64

Nigeria

NGN

161.27

-3.17

Kenya

KES

87.25

-1.32

Mauritius

MUR

30.95

-1.29

Botswana

BWP

8.52

+9.53

Tanzania

TZS

1619.00

-2.10

Uganda

UGX

2582.00

+3.71

Rwanda

RWF

656.92

-3.88

Ghana

GHS

2.05

-7.32

BRVM

XOF

598.34

+0.18

Egypt

EGP

7.00

-9.13

Morocco

MAD

8.46

-0.05

Tunisia

TND

1.65

-6.14

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