Market Insight: March 05, 2014

Africa

•  Ecobank’s biggest investor wants CEO gone as old board kept
•  Ivory Coast poised for second biggest cocoa mid-crop on record
•  Congolese government raises 2014 growth estimate to 9.5% from 8.7%

Nigeria

•  ASI -0.92%, $30.24mill
•  Nigerian millionaires will increase by 47% in the next four years according to a study by New World Wealth
•  Nigerian Breweries took a hammering yesterday and fell 8.8%

Kenya

•  NSE20 -0.57%, $5.2mill
•  The MPC kept the benchmark rate at 8.5% yesterday
•  Safcom released a cautionary after the session stating that it intends to purchase some of Essar Telecoms assets

Botswana

•  DCI -28bps, $2.6mill

Egypt

•  EGX30 +95bps, $130mill

Mauritius

•  Semdex -27bps, $395k

South Africa

•  Top40 +114bps, $1.72bn

Zimbabwe

•  Ind -11bps, mining -638bps, $730k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.79

-2.79

Nigeria

NGN

164.55

-2.58

Kenya

KES

86.35

-0.06

Mauritius

MUR

30.10

-0.17

Botswana

BWP

8.86

-1.53

Tanzania

TZS

1629.00

-2.79

Uganda

UGX

2508.54

+0.74

Rwanda

RWF

677.10

-0.16

Ghana

GHS

2.55

-7.05

BRVM

XOF

480.30

-0.01

Egypt

EGP

6.96

-0.18

Morocco

MAD

8.18

+0.04

Tunisia

TND

1.58

+3.95

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