Market Insight: December 31, 2012

Africa

•  Sudan to raise minimum wage to $96 a month in 2013
•  Zambian Central Bank left interest rate unchanged at 9.25%
•  Ghana growth to drag on Africa’s third worst currency in 2013

Nigeria

•  ASI +0.46%, $12.54mill
•  Rather quiet session on Friday as the year draws to a close
•  Banks lead the move higher with the Index gaining 1.24%

Kenya

•  NSE20 -0.01%, $1.4mill
•  With most foreign participants absent from the market last Friday, things were extremely slow
•  Inflation slowed to 3.2% in December from 3.3% in November

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