Market Insight: September 24, 2013


Africa

•  Ghana seeks to raise $1bn in 2014 in infrastructure bonds to boost growth after expansion forecasts cut
•  Copperbelt Energy of Zambia to invest in Namibia’s planned Kudu gas-fired station as it seeks to secure electricity supply for its clients

Nigeria

•  ASI -0.28%, $9.5m
•  Just small crosses in DangCem and UACN in a very dull day in Lagos
•  Nigeria fixes 3 trunk pipelines that were sabotaged by vandalism and crude theft, raising output to 2.4m barrels

Kenya

•  NSE20 -0.26%, $3.2m
•  As expected, market activity was dire as investors digest the horrific attack at Westgate Mall over the weekend

Botswana

•  DCI -0.02%, $441k

Egypt

•  EGX30 +1.09%, $92m

Mauritius

•  Semdex +0.10%, $802k

South Africa

•  Top40 -0.25%, $914m

Zimbabwe

•  Ind +0.50%, Mining unch, $1.7m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.83

-13.86

Nigeria

NGN

159.30

-1.98

Kenya

KES

87.55

-1.66

Mauritius

MUR

30.60

-0.16

Botswana

BWP

8.45

+8.63

Tanzania

TZS

1612.00

-1.67

Uganda

UGX

2546.50

+5.15

Rwanda

RWF

658.29

-4.08

Ghana

GHS

2.18

-12.64

BRVM

XOF

488.61

+2.19

Egypt

EGP

6.89

-7.68

Morocco

MAD

8.30

+1.89

Tunisia

TND

1.64

-5.47

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