Africa Weekly 21042011

Africa Weekly 21042011 - The Africa Weekly Equity research...

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Unformatted text preview: The Africa Weekly Equity research | Pan-Africa | News & Analysis Refer to important terms of use, disclaimers and disclosures on back page. In this week's issue 21 April 2011 Regional s Africa 'must take practical steps to promote business'; AfDB cuts Africa growth fcast East Africa s Kenya: Kenya Govt to force teleco’s to share infrastructure; KCB to receive KES 8.8bn for mortgage financing; Scangroup Ltd FY10 shows 45.2% increase in profits; CIC confirms it will raise KES 1.7bn in IPO West Africa s Nigeria: Jonathan declared winner of election; Capital market needs market makers; Nigeria’s AMCON to list NGN 1.7trn; Inflation accelerates to 12.8% North Africa s Egypt: Moody downgrades outlook on Egyptian banking sector; Amer group scraps gold resort plans; Orascom Telecom release FY10 results s Morocco: WB supports Morocco’s solar plan; CNIA Saada increases stake in Unimer to 6.02%; Mauritian hotel group takes over hotel project in Morocco MARKET MOVES WEEK % YTD % Botswana 0.4 7.9 Malawi 0.3 -1.6 Mauritius -0.2 3.8 Namibia 0.0 1.1 Zambia 4.1 18.3 Zimbabwe 0.8 5.8 Kenya 0.7 -9.6 Tanzania -0.1 1.9 Uganda 2.8 3.2 BRVM -0.3 0.2 Ghana 2.7 7.4 Nigeria 2.0 2.2 Egypt -5.9 -30.2 Morocco 1.0 -5.5 Tunisia -0.6 -17.4 MSCI EM ex SA -1.4 -13.3 FTSE 0.2 2.1 Johannesburg 0.5 1.3 Nikkei -0.4 -6.1 S&P 500 1.2 5.8 CURRENCY MOVES LEVEL* WEEK % BWP 6.50 0.00 MWK 150.77 0.00 MUR 27.65 0.00 ZMK 4705.0 -0.21 KES 84.08 0.04 TZS 1511.5 0.07 UGX 2375.0 1.71 XOF 453.50 -0.27 GHS 1.50 -0.99 NGN 154.58 -0.37 EGP 5.95 -0.17 MAD 7.83 -0.22 TND 1.37 -0.28 EUR 0.69 -0.32 GBP 0.61 -0.78 JPY 82.44 -1.62 ZAR (NAD, SZL, LSL) 6.80 0.09 * relative to USD Randolph Oosthuizen CFA Head of Research +27 11 214 8384 [email protected] Chris Blaine Editor +27 11 214 8324 [email protected] Rob Brownlee Head of Group Sales +27 11 214 8464 [email protected] The Africa Weekly Equity research | Pan-Africa | News & Analysis 2 | African Alliance Pan-African Securities Research 21 April 2011 TABLE OF CONTENT Market Snapshot..................................................................................................................... 3 Market Commentary .............................................................................................................. 5 Company Results Summary ................................................................................................... 6 Inflation and Interest Rate Summary .................................................................................... 7 Regional .................................................................................................................................. 8 Nigeria ..................................................................................................................................... 9 Kenya ..................................................................................................................................... 14 Egypt ...................................................................................................................................... 18 Egypt ....
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This note was uploaded on 05/20/2011 for the course ECON 5128 taught by Professor Ram during the Spring '11 term at Cambridge College.

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Africa Weekly 21042011 - The Africa Weekly Equity research...

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