Market Insight: May 21, 2014


Africa

•  Rwanda gets $11.2m loan for electricity roll out to rural areas
•  Zimbabwe draft a law to prevent institutions from owning more than 25% of a bank without authorisation

Nigeria

•  ASI +40bps, $24.4m
•  Crosses still heavily dominate the market. Dangote Flour announced 2014 Q1 results
•  MPC keeps benchmark interest rate unchanged at 12%, as expected

Kenya

•  NSE20 -38bps, $12.6m
•  Chunky foreign cross in ARML while active foreign trading in KNCB dominated the session

Botswana

•  DCI +17bps, $1.84m

Egypt

•  EGX30 +88bps, $181m

Mauritius

•  Semdex -6bps, $1.57m

Zimbabwe

•  Ind -8bps, $940k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.38

+1.00

Nigeria

NGN

162.55

-1.38

Kenya

KES

87.73

-1.62

Mauritius

MUR

30.12

-0.23

Botswana

BWP

8.69

-0.59

Tanzania

TZS

1651.00

-3.72

Uganda

UGX

2525.31

+0.07

Rwanda

RWF

681.51

-0.81

Ghana

GHS

2.94

-19.25

BRVM

XOF

478.32

+0.38

Egypt

EGP

7.11

-2.38

Morocco

MAD

8.19

-0.08

Tunisia

TND

1.62

+1.52

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