Market Insight: June 18, 2012

African Currencies as at GMT 15:30

 
Country
Notation
Currency
 
South Africa
ZAR
8.3711
 
Nigeria
NGN
163.495
 
Kenya
KES
84.9
 
Mauritius
MUR
30.2
 
Botswana
BWP
7.761
 
Tanzania
TZS
1584
 
Uganda
UGX
2495
 
Rwanda
RWF
609.4399
 
Ghana
GHS
1.9275
 
BRVM
XOF
521.7351
 
Egypt
EGP
6.0473
 
Moroccan
MAD
8.7687
 
Tunisia
TND
1.5931

Africa

•  Please remember that Egypt is still closed today for the Presidential Voting
•  Ivory Coast resumes payments on $2.3bn Eurobonds
•  Ethiopia offering expanded tax breaks and more land in drive to double export revenue from flower farming
•  Tanzania inflation rate drops to 18.2% in May (down from 18.7% in April)
•  London based Private Equity company Ariya raises $450mill to build airport near Lake Victoria in Uganda

Nigeria

•  ASO -32bps, $18mill. Dull day with a large cross in Law and Union Insurance accounting to large chunk of this
•  Inflation data to be released on Tues 19 June in Abuja

Kenya

•  NSE20 +24bps, $2.14mill
•  Kenya, Uganda and Tanzania boost budget spending for the next FY in effort to shield economies from Euro debt crisis
•  World Bank puts Kenyan economic growth at 4.4% in 2011

Botswana

•  DCI unch, $237k

Egypt

•  Closed

Mauritius

•  Semdex -17bps, $940k

South Africa

•  Top40 +44bps, $1.9bn

Zambia

•  LuSE +56bps, $16k

Zimbabwe

•  Ind +11bps, Mining +23bps, $827k
 

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