Market Insight: July 30, 2013

Africa

•  Copperbelt Energy to raise $150m through loans and equity to expand as well as refinance debt
•  Prima Reinsurance, a Zambian insurer, plans Zambia’s first IPO since 2008 to fund expansion
•  Ivory Coast attempting to clean up awarding of public bids

Nigeria

•  ASI +1.13%, $10.68m
•  A woeful day as investors content to sit on the sidelines
•  Banks (+1.52%) rebound and pull the consumers (+68bps) higher
•  ETI, UBA and Cadbury all released 2013 H1 results

Kenya

•  NSE20 -0.16%, $3.3m
•  Activity remains dull in Nairobi as nothing of excitement to report
•  Equity Bank released 2013 H1 results which saw earnings increase 16.7% - the name closed unchanged at KES33.50
•  Treasury Secretary Rotich says little to no room left for further rate cuts as inflation outlook deteriorates

Botswana

•  DCI -0.01%, $135k

Egypt

•  EGX30 -0.58%, $24m

Mauritius

•  Semdex +0.09%, $597k

South Africa

•  Top40 +0.95%, $1.04bn

Zambia

•  LuSE +0.08%, $161k

Zimbabwe

•  Ind +0.60%, Mining -0.14%, $1.47m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.78

-13.40

Nigeria

NGN

160.70

-2.83

Kenya

KES

87.35

-1.43

Mauritius

MUR

30.75

-0.65

Botswana

BWP

8.51

+9.41

Tanzania

TZS

1623.00

-2.34

Uganda

UGX

2597.00

+3.11

Rwanda

RWF

650.97

-3.00

Ghana

GHS

2.06

-7.77

BRVM

XOF

497.27

+0.41

Egypt

EGP

7.00

-9.11

Morocco

MAD

8.43

+0.43

Tunisia

TND

1.65

-6.02

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