Market Insight: March 30, 2012

Africa

•  Zambia’s central bank sets new benchmark interest rate at 9%
•  Tanzania power utility gets $165m HSBC loan for plant
•  Zimbabwe rules out foul play in Mujuru’s death

Nigeria

•  ASI -96bps, $11.60mill
•  IBTC reports disappointing full-year profit after tax of -21.3% with the name closing limit down at 6.80
•  Ecobank Transnational reports full-year profit after tax of +56.9%

Kenya

•  NSE20 -21bps, $2.37mill
•  Africa Finance may get syake in Athi River Mining
•  Kenya plans to increase value-added tea exports
•  Equity Bank signed a $101m agreement with the International Finance Corp to help fund lending to the agriculture industry

Botswana

•  DCI -6bps, $150k

Egypt

•  EGX 30 -43bps, $72m

Mauritius

•  Semdex +115bps, $844k

South Africa

•  Top40 -50bps, $1.51bn

Zimbabwe

•  Ind -82bps, Mining -113bps, $1.2m
 

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