Market Insight: May 15, 2012

Africa

•  Banque Saudi, Bank Asya, Qatar, Turkey, IDB are expected to sell Islamic bonds
•  Arab Spring, Mafia Drive 40% Rise in Money Laundering, Swiss Say
•  Ecobank Plans on Nedbank Stake in 2013 After Profitable Alliance
•  Sub-Saharan Africa’s ‘Strong’ Growth to Offset Risks, IMF Says
•  Tanzania to Get $495 Million in Donor Funds in 2012-13, EU Says
•  Zimbabwe Orders Impala Platinum Unit to Release Unused Land

Nigeria

•  Nigeria: ASI -0.31%, Vols USD 14.72m
•  Quiet day in Nigeria again, DangF up +5% again so +30% since announcement
•  Nigeria Police, Militants Clash Leaving 5 Dead in Northeast
•  Shell Nigeria loses 43,000 barrels of crude a day to theft
•  Skye Bank signs a $150m 5-year loan with three lenders

Kenya

•  Kenya: NSE 20 +0.81%, Vols USD 2.22m
•  Quiet too, KNCB +2% provides the support for the market
•  Kenyan Leaders Reject New County Officials
•  Kenya Shilling Weakens for a Fifth Day, Weakest in Three Months
•  Kenya ranks 3rd in Africa on foreign investment

Botswana

•  DCI -0.04%, Vols USD 44k

Egypt

•  EGX 30 -0.42%, Vols USD 64m

Mauritius

•  Semdex +0.33%, Vols USD 1.3m

South Africa

•  Top 40 -1.66%, Vols USD 1.22bn

Zambia

•  LuSE -0.52%, Vols USD 150k

Zimbabwe

•  Industrial -0.11%, Mining -1.84%, Vols USD 2.6m
 

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