SBUL 500 IAS Africa Rising 10 February 2015
User Manual: SBUL-500
Open the PDF directly: View PDF 
.
Page Count: 3
| Download | |
| Open PDF In Browser | View PDF |
Equity Research Sub-Saharan Africa 10 February 2015 Africa Rising Rwandan Telcos shun new 4G network Telecommunications companies in Rwanda have shunned the usage of the new 4G network due to high charges according to a report by the East African. Almost three months after the launch of the network, all telecos save for Tigo are yet to launch any products because of the high costs involved. In February 2015, Tigo unveiled online television services for 4G internet subscribers in partnership with iRokotv, an online entertainment TV channel to provide subscriptionbased video entertainment for its 4G clients. However, some telecos companies are being cautious to fully embrace the network while others are launching fibre as an alternative network. By the end of April, Liquid Telecom hopes to launch fibre to the home, FTTH, to provide homes and small businesses in the country with unlimited data packages. Sam Nkusi, the chief executive of Liquid Telecom Rwanda, said FTTH networks are the latest technology, which are according to him, more affordable than any other network method. With FTTH in place and being embraced by one of the biggest data providers in the country, the uptake of the 4G network is likely to suffer a further decline. TOP 5 VALUE TRADED Country Value traded (USD m) Nigeria 31.05 Kenya 5.95 Zimbabwe 1.17 Mauritius 1.01 Tanzania 0.30 TOP 5 VOLUME TRADED Country Volume traded (m) Nigeria 364.47 Kenya 26.32 Zimbabwe 6.32 Mauritius 3.86 Tanzania 0.86 Low uptake of 4G was anticipated given that a few months preceding its launch, the telecoms operators and the providers of the network — Korea Telecom and government of Rwanda - were engaged in prolonged discussions regarding the pricing. MTN, the biggest telecoms operator in the country by subscriber numbers, has been pushing the 4G network on the market since its launch albeit with limited uptake. Yvonne Makolo, chief marketing officer of MTN attributed the low uptake of the network to the small area which it covers and the pricing. 4G was rolled out in Kigali city with plans to extend the coverage to other parts of the country over time. “The pricing is still an issue but we hope as more users join the network, the prices will ultimately come down and a growth in uptake will be witnessed,” said Mrs. Makolo. Source: IAS With limited up take in Kigali which is considered relatively affluent, the roll out by the service providers to other parts of the country may take a cautious path especially if the prices remain high. The pricing problem stems from the 4G network model in the country where Rwanda telecos were locked out from developing and providing the network, which has seen some operators drag their feet in introducing the product. Previously, internet networks such as 3G were provided by the telecos to their retail customers. Local telecos now purchase the universal mobile broadband bandwidth at wholesale prices from the government and Korea Telecom which have the exclusive rights to sell to the operators. Telecos are expected to purchase from the suppliers with 1 gigabyte being sold for RWF 2,411 with the cost burden transferred to the end users. At MTN for example, the 3G network data at the end of 2014 was being sold to consumers at RWF 800 per GB, which was much lower than the latest 4G retail price where 5GB retails at RWF 18,600 for a one month subscription while Airtel has projected to sell the same for RWF 20,000. Rwanda Utilities Regulatory Authority (Rura) however, has said it will not take any position regarding the pricing of the 4G network. “We are still assessing the impact of the current price and we have sent out questionnaires to all the service providers,” said Jean Baptist Mutabazi, director of communications at Rura. “We are still analysing the data to find out the challenges in adopting the network.” Country Performance Country Daily % 0.01% 4.46% Zimbabwe 0.32% 4.02% Kenya 0.50% 2.90% Malawi 0.00% 1.90% Uganda -0.21% 1.45% Tanzania -1.16% 0.96% Botswana 0.19% 0.49% Rwanda 0.60% -0.65% Zambia -0.39% -2.75% 0.00% -7.19% BRVM Mauritius -0.20% -7.78% Ghana 0.29% -10.43% Nigeria -2.08% -20.28% Source: IAS/S&P S&P Africa Frontier Index 2 300 2 100 1 900 1 700 1 500 1 300 1 100 Nov-13 Mar-14 US$ price index The move towards 4G technology by Rwanda is commendable. However, consumers may fail to see the benefits of the new technology as long as the prices remain unaffordable and out of reach for most of them with cheaper alternatives such as 3G still available, albeit at slower speeds. Consequently we believe that the regulatory authorities need to move faster to make 4G more ubiquitous within Rwanda. YTD% (USD) Namibia Source: IAS/S&P Jul-14 US$ total return Nov-14 CLOSING MARKET SUMMARIES - 09 FEBRUARY 2015 BOTSWANA BRVM Index BSE DCI Today Previous Day % YTD % Index Today Previous Day % YTD % 9 475.62 9 457.70 0.19% -0.27% BRVM 10 261.85 261.85 0.00% -2.12% BRVM Composite 254.33 254.33 0.00% -1.45% Trading Ac tivity Volume Daily % Turnover (USD) Trading Ac tivity Volume Daily % Turnover (USD) Daily % 9-Feb-15 97 764 -92.54% 115 089 -66.69% Top Traders Volume BIHL 25 379 Turnover (USD) 9-Feb-15 Top Traders No Data SECHABA Bottom Losers SECHABA 1.35% SEFALANA 0.94% CHOBE 0.45% BIHL 0.43% Previous Day % YTD % Index GSECI 2 155.95 2 149.80 0.29% -4.65% NSE All Share NSE 20 Volume 206 220 Daily % Turnover (USD) -18.30% 23 297 Volume Daily % -90.16% Turnover (USD) 126 500 Trading Ac tivity 9-Feb-15 Top Traders 6 687 Top Gainers Safaricom Bottom Losers ETI 4.17% SIC -15.00% BOPP 0.72% UTB -5.26% GCB 0.40% TLW -0.14% MALAWI Index 5,280.72 0.29% 3.59% Volume Daily % Turnover (USD) Daily % -5.30% 5 945 855 19.73% 26 316 200 Volume Turnover (USD) 13 757 300 2 226 685 Bottom Losers -3.17% -2.78% Total Kenya 6.67% I&M -1.61% Kenya Re Insurance Corp 5.10% NIC Bank -1.53% Sameer Africa 4.88% TransCentury -1.34% MAURITIUS Index 0.00% 0.51% Semdex MASI 14 961.60 14 961.60 0.00% 0.51% Sem 7 Daily % Turnover (USD) Volume 542 816 -74.40% 38 507 Volume Daily % Trading Ac tivity 46.34% 9-Feb-15 Turnover (USD) 389 580 Top Traders 35 230 SBM Top Gainers Bottom Losers Top Gainers There were no gainers There were no losers ROCKCASTLE(USD)* Today Previous Day % YTD % 1 990.82 1 994.83 -0.20% -4.00% 369.74 370.94 -0.32% -4.17% Daily % Turnover (USD) Daily % Volume 3 855 922 -63.22% 1 010 622 Volume -74.4% Turnover (USD) 3 081 163 533 008 Bottom Losers 13.89% United Docks -12.86% Fincorp 1.36% Policy -9.32% MUA 1.32% NMH -1.84% Lux Island Resorts 0.98% BLUELIFE LIMITED -1.03% Rogers 0.70% CIEL LIMITED -0.86% NIGERIA NAMIBIA YTD % Index 0.01% 3.53% NSE All Share 1 132.60 0.26% 3.41% Turnover (USD) Today Previous 402.74 402.68 1 135.49 Trading A c tivity Volume Daily % 9-Feb-15 10 629 -97.26% Top Traders Volume Bank Windhoek Ltd 3.77% 5,296.07 Carbacid Investments 11 780.30 NSX Overall YTD % 0.50% Mumias Sugar Co. 11 780.30 NSX Local Day % 168.19 7.44% DASI Index Previous Kakuzi YTD % NITL Today 169.03 9.17% Day % Top Traders Bottom Losers E.A.Portland Cement Co. Previous 9-Feb-15 - Top Gainers Today Trading Ac tivity Turnover (USD) - KENYA Today UTB Daily % -100.00% -0.25% Index Top Traders - Volume Top Gainers CHOPPIES GHANA 9-Feb-15 -100.00% 70 126 Top Gainers Trading A c tivity - Day % 33 711 Daily % -97.42% Turnover (USD) 9-Feb-15 Top Traders 5 700 Access Oceana 22 223 Top Gainers Trading Ac tivity Today Previous Day % YTD % 29,360.55 29,985.08 -2.08% -15.28% Daily % Turnover (USD) Volume 364 472 058 -15.67% 31 052 406 Volume Turnover (USD) 107 361 184 Nestle Bottom Losers Daily % 24.24% 12 461 146 Top Gainers Bottom Losers Truworths 1.83% B2Gold Corp -4.43% Seplat Maybaker -8.67% Anglo-American 1.66% Paladin Energy -2.33% Dangflour 9.50% Stanbic -6.80% Trustco 1.61% Vukile Property -1.82% Vitafoam 4.92% Nem -6.78% Barloworld 1.04% Shoprite -1.24% Rtbriscoe 4.88% Pz -5.00% Investec 0.68% PSG Konsult -1.01% Eterna 4.76% Nestle -5.00% 10.25% CLOSING MARKET SUMMARIES - 09 FEBRUARY 2015 TANZANIA RWANDA Today Previous Day % YTD % Index Today Previous Day % YTD % RSI 236.48 235.07 0.60% -0.12% TSI 4 970.62 5 028.96 -1.16% 6.38% RSE All Share 136.29 135.43 0.64% 0.32% DSEI 2 699.25 2 717.45 -0.67% 7.13% Daily % Turnover (USD) Daily % Turnover (USD) Daily % -71.02% 297 775 -93.34% Index Trading Ac tivity 9-Feb-15 Top Traders Bank of Kigali Volume 418 500 135.24% Volume Bralirwa 1.30% USE All Share Trading Ac tivity 9-Feb-15 Top Traders SBU 9-Feb-15 CRDB Volume 859 128 Volume Turnover (USD) 828 525 225 682 Bottom Losers Top Gainers There were no losers NMB 19.35% SWALA -7.14% JHL 2.12% ACA -4.86% KCB 1.77% NMG -1.16% EABL 1.18% TPCC -0.51% SWISSPORT 0.19% TCC -0.18% UGANDA Index Trading Ac tivity Top Traders 170 845 Top Gainers 1.72% 117.93% Turnover (USD) 402 500 Bank of Kigali Daily % 179 824 Bottom Losers ZAMBIA Today Previous Day % YTD % Index 2 012.00 2 016.28 -0.21% 4.41% LuSE All Share Daily % Turnover (USD) Volume 576 085 -77.46% 21 554 Volume Daily % -91.20% Turnover (USD) 500 000 NVL 13 770 Top Gainers Today Previous Day % YTD % 6 158.30 6 182.56 -0.39% -0.04% Turnover (USD) Daily % Trading A c tivity Volume Daily % 9-Feb-15 19 071 -23.38% Top Traders Volume Zanaco 15 385 2 420 Turnover (USD) ATEL Bottom Losers JHL 1.08% UCHM -5.90% KA 0.88% EBL -1.01% KCB 0.76% CENT -0.85% DFCU 0.42% NMG -0.47% EABL -0.42% -9.75% 796 Top Gainers Bottom Losers There were no gainers CEC -4.69% ATEL -1.44% ZIMBABWE Index Industrial Mining Trading Ac tivity 9-Feb-15 Top Traders ZPIL Today Previous Day % 169.91 169.37 0.32% 4.02% 59.93 59.03 1.52% -12.01% Daily % Turnover (USD) Volume 6 324 644 94.70% 1 170 539 Volume YTD % Daily % -43.81% Turnover (USD) 3 255 281 DELT 800 350 Top Gainers Bottom Losers EDGA 25.00% TURNAL -8.33% POWE 22.22% HIPP -6.25% DZLH 12.50% ZPIL 9.09% BIND 1.96% Imara Africa Securities (A division of Imara SP Reid) Imara House Block 3, 257 Oxford Road, Illovo Johannesburg 2146 South Africa Tel: +27 11 550 6200 Fax: +27 11 550 6295 Imara Securities Angola SCVM Limitada Rua Rainha Ginga 74, 13th Floor, Luanda Angola Tel: +244 222 372 029/36 Fax: +244 222 332 340 Imara Capital Securities 2nd Floor Morojwa Mews, Unit 6, Plot 74770 Western Commercial Road CBD Gaborone Botswana Tel: +267 3188886 Fax +267 3188887 Members of the Botswana Stock Exchange Imara Edwards Securities (Pvt.) Ltd. Tendeseka Office Park 1st Floor Block 2 Samora Machel Avenue Harare Zimbabwe Tel: +263 4 790590 Fax: +263 4 791435 4 Fanum House Cnr. Leopold Takawira/Josiah Tongogara Street Bulawayo Zimbabwe Tel: +263 9 74554 Fax: +263 9 66024 Members of the Zimbabwe Stock Exchange Imara S.P. Reid (Pty) Ltd Imara House 257 Oxford Road Illovo 2146 P.O. Box 969 Johannesburg 2000 South Africa Tel: +27 11 550 6200 Fax: +27 11 550 6295 Members of the JSE Limited Stockbrokers Malawi Ltd Able House Cnr. Hanover Avenue/ Chilembwe Road Blantyre Malawi Tel: +265 1822803 Members of the Malawi Stock Exchange Namibia Equity Brokers (Pty) Ltd 1st Floor City Centre Building, West Wing Levinson Arcade Windhoek Namibia Tel: +264 61 246666 Fax: +264 61256789 Members of the Namibia Stock Exchange Stockbrokers Zambia Ltd 2nd Floor, Stock Exchange Building, Central Park Cairo Road/ Church Road P O Box 38956 Lusaka Zambia Tel: +260 211 232456 Fax: +260211 224055 Members of the Lusaka Stock Exchange
Source Exif Data:
File Type : PDF File Type Extension : pdf MIME Type : application/pdf PDF Version : 1.5 Linearized : No Page Count : 3 Language : en-ZA Tagged PDF : Yes Author : Loyiso Hoza Creator : Microsoft® Word 2010 Create Date : 2015:02:10 12:56:16+02:00 Modify Date : 2015:02:10 12:56:16+02:00 Producer : Microsoft® Word 2010EXIF Metadata provided by EXIF.tools