Market Insight: May 11, 2012

Africa

•  UN says African agriculture needs at least $40bn investment per year to reach full potential
•  IMF forecasts Angolan economy to grow 9.7% as oil output increases

Nigeria

•  ASI -11bps, $14.88mill
•  NB says insecurity and violence in north is hurting sales
•  Dangote Group says it will invest $7.5bn in mining, petrochemicals and infrastructure over next 4 years
•  UBA may expand into South Africa and consider acquisitions in Angola and South Sudan

Kenya

•  NSE20 +9bps, $7.28mill. Large cross in SCAN at KES53 dominated vols, both sides foreign
• Equity Bank CEO James Mwangi says may consider overseas listing as rapid expansion means in danger of outgrowing the NSE

Botswana

•  DCI -1bp, $111k

Egypt

•  EGX30 -33bps, $46mill

Mauritius

•  Semdex -26bps, $840k

South Africa

•  ALSI +1.54%, $1.19bn

Zambia

•  LuSE +80bps, $556k

Zimbabwe

•  Ind +30bps, Mining unch, $726k
 

contacts
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  • South Africa +27 11 268 5833
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