Market Insight: June 24, 2013


Africa

•  Sinopec Group pays Marathon $1.52bn for 10% of Angola oilfield
•  Angola’s $5bn sovereign wealth fund to focus on cash investments and hotels
•  Geothermal Power Tanzania plans first steam generation next year
•  Rwandan Q1 econominc growth slows to 5.9% (down from 7% one year ago)

Nigeria

•  ASI -1.35%, $32.57m
•  Profit taking in the banks and consumers
•  Shell Petroleum to spend $3.9bn on 2 Nigerian Delta projects

Kenya

•  NSE20 -0.14%, $6.6m
•  Foreign action driving volumes although supply in the large caps dragged the market lower

Botswana

•  DCI +0.01%, $545k

Egypt

•  Closed

Mauritius

•  Semdex -0.12%, $436k

South Africa

•  Top40 -1.50%, $2.11bn

Zambia

•  LuSE +0.13%, $266k

Zimbabwe

•  Ind -0.29%, Mining +0.49%, $2.85m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.20

-16.97

Nigeria

NGN

159.45

-2.07

Kenya

KES

85.90

+0.23

Mauritius

MUR

30.95

-1.29

Botswana

BWP

8.69

+11.70

Tanzania

TZS

1637.00

-3.18

Uganda

UGX

2597.00

+3.11

Rwanda

RWF

649.00

-2.70

Ghana

GHS

2.00

-5.23

BRVM

XOF

501.93

-0.52

Egypt

EGP

7.00

-9.13

Morocco

MAD

8.49

-0.30

Tunisia

TND

1.63

-5.20

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