Market Insight: May 13, 2014


Africa

•  FirstRand looking to establish Ghana banking operation and also looking at Angola and Kenya
•  IFC plans to issue as much as Rwf15bn of 5 year bonds
•  IMF says Swaziland growth rose by 2.75% in 2013
•  Ethiopian consumer price growth accelerates to 9.1% in April

Nigeria

•  ASI +2bps, $25.17m
•  News out that NB and Consolidated Breweries looking to merge pushed NB higher by 1.35% with rest of banks and consumers broadly unchanged
•  Wema Bank to raise $250m of debt funding as it seeks to increase consumer loans

Kenya

•  NSE20 +29bps, $6.5m
•  Generally dull day ahead of Safcom FY14 Results which came out after the market closed

Botswana

•  DCI +6bps, $1.18m

Egypt

•  EGX30 +21bps, $66m

Mauritius

•  Semdex +8bps, $850k

Zimbabwe

•  Ind -35bps, Mining unch, $672k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.37

+1.13

Nigeria

NGN

161.56

-0.78

Kenya

KES

87.10

-0.92

Mauritius

MUR

30.05

-0.92

Botswana

BWP

8.67

-0.81

Tanzania

TZS

1649.00

-3.58

Uganda

UGX

2523.00

+0.16

Rwanda

RWF

682.79

-0.99

Ghana

GHS

2.89

-18.03

BRVM

XOF

479.51

+0.14

Egypt

EGP

7.05

-1.48

Morocco

MAD

8.16

+0.23

Tunisia

TND

1.61

+1.79

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