Market Insight: March 24, 2014


Africa

•  Zambia scraps 2 restrictions on FX laws triggering kwachas biggest gain in 15 months
•  Zimbabwe to get $100m finance facility from African Exim Bank

Nigeria

•  ASI +129bps, $31.6m
•  Bulls run amok in the banks (+2.93%) while contagion spread to the consumers (+1.21%)
•  Nigeria to receive $4.3bn from sale of 7 Niger Delta power plants

Kenya

•  NSE20 +62bps, $8.5m
•  Strong end to the week as local buying continues to drive sentiment

contacts
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