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MARKET UPDATE – AFRICA | <strong>February</strong> <strong>2015</strong><br />
Counters in the<br />
industrial and<br />
allied segment<br />
have retained the<br />
lead in market<br />
performance and<br />
are poised to<br />
remain so given<br />
the favourable oil<br />
prices.<br />
Tanzania Breweries Ltd<br />
Source: Bloomberg, StratLink <strong>Africa</strong><br />
The Brewery’s rebound has been driven by<br />
strong results for the period to September<br />
2014 that saw revenues surge by 8.0% while<br />
operating profit grew by 17.0%. The company,<br />
however, faces headwinds in the quarter<br />
under way owing to the battered shilling<br />
that is bound to raise the cost of imported<br />
inputs.<br />
Oil prices likely to keep bears away<br />
Counters in the industrial and allied segment<br />
have retained the lead in market performance<br />
and are poised to remain so given<br />
the favourable oil prices.<br />
Sector Indices Comparison<br />
Dec ‘14 Jan ‘15 Change<br />
Industrial & Allied 3,461.0 6,260.4 80.9%<br />
Commercial Services 2,006.9 3,011.5 50.0%<br />
Banking & Finance 2,648.5 3,608.2 36.2%<br />
Source: Bloomberg, StratLink <strong>Africa</strong><br />
12 International Monetary Fund Region Outlook October 2014<br />
12 | StratLink <strong>Africa</strong> Ltd.<br />
www.stratlinkglobal.com
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