Africa Market Update - July 2015
This report includes the economies of Kenya, Gabon, Tanzania, Uganda, Rwanda and Ethiopia
This report includes the economies of Kenya, Gabon, Tanzania, Uganda, Rwanda and Ethiopia
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MARKET UPDATE – AFRICA | <strong>July</strong> <strong>2015</strong><br />
We observe,<br />
however, that<br />
liquidity remains<br />
high in the money<br />
market and could<br />
also be a driving<br />
factor in the<br />
Franc’s weakness.<br />
Available data<br />
indicates the<br />
interbank rate is<br />
at a low of 2.8%.<br />
Interbank Rate<br />
Source: National Bank of Rwanda, StratLink <strong>Africa</strong><br />
EQUITY MARKET UPDATE<br />
Rwanda Stock Exchange All Share<br />
Index<br />
RSE All Share Index Month-on-month<br />
Source: Bloomberg, StratLink <strong>Africa</strong><br />
Source: Bloomberg, StratLink <strong>Africa</strong><br />
-7.1 %<br />
All Share Index<br />
year-on-year change<br />
The market continues to underperform under<br />
the weight of beer manufacturer Bralirwa<br />
and Bank of Kigali. Bank of Kigali’s average<br />
share price for the month under review<br />
fell by, month-on-month, 2.7% to USD 0.4.<br />
We also note that the Crystal Ventures IPO<br />
closed on June 05th, <strong>2015</strong> and could have occasioned<br />
decelerated investor activity in the<br />
market.<br />
24 | StratLink <strong>Africa</strong> Ltd.<br />
www.stratlinkglobal.com
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