Market Insight: March 13, 2012

Africa

•  Ivory Coast suts 2012 economic growth forecast to 8.1% as cocoa output expected to decrease
•  Namibia Breweries invested $40mill in Windhoek plant upgrade
•  Tanzania gets EUR51.5mill from EU for water and sanitation to help achieve Millenium Development goals

Nigeria

•  ASI +66bps, $28.6mill. Consumer names continue to be active and strong (Guinness and Nestle both limit up) while NB finds lots of activity around the 98 level

Kenya

•  NSE20 unch, $2.2mill. EABL, BATK and KNAL account for over 60% of days vols
•  KNAL seeks $3.6bn (partly through rights issue and loans) to fund 10-year expansion plan
•  Kenya signs loan agreements with African Development Bank to fund road and geothermal-power projects

Botswana

•  DCI -13bps, $73k

Egypt

•  EGX30 -1.45%, $105mill

Mauritius

•  Reopens today after holiday yesterday

South Africa

•  Top40 -11bps, $1.54bn

Zambia

• LuSE reopens today after public holiday

Zimbabwe

•  Ind -41bps, Mining unch, $1.8mill
 

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