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Market Insight: March 19, 2014
Africa
• Zambia Kwacha slides most in Africa as Dollar supply evaporates
• Ghana debuts point of sale device to triple debit card users
Nigeria
• ASI -1.62%, $28.39mill
• Large crosses in NB and GTB helped boost activity
• Consumers (-1.73%) took a hit thanks to Nestle (-5.00%)
• Nigerian gas shortages stalling start of electricity market
Kenya
• NSE20 +0.12%, $6.8mill
• Kenya caps borrowing as $1.75bn before Eurobond sales
• EABL to cut 100 jobs at Kenya unit
- Bermuda +1 441 278 7620
- South Africa +27 11 268 5833
