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Sub-Sahara Africa Stocks: KenGen, United Bank for Africa Move

April 30 (Bloomberg) -- Namibia’s FTSE/Namibia Overall Index was up 1 percent to 908.52 in Windhoek.

Kenya’s All-Share Index fell for a fourth day, losing less than 0.1 percent to 62.22 in Nairobi. In Mauritius, the SEMDEX Index rose for a second day, adding 0.1 percent to 1797.63 in Port Louis. The Nigerian Stock Exchange All-Share Index was little changed at 22,109.76 as of 2:30 p.m. in Lagos, according to data compiled by Bloomberg.

The following shares rose or fell in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.

Kenya Electricity Generating Co. (KEGC KN), the east African nation’s largest power producer, snapped three days of declines, rising 3.1 percent to 8.25 shillings, on bets rainfall across the country will increase the amount of energy generated.

United Bank for Africa Plc (UBA NL), a Nigerian lender with operations in 19 countries, jumped for a ninth day, gaining 4.8 to the highest level since Oct. 13, after forecasting higher first-half profit of 26.6 billion naira ($169 million), compared with 8.2 billion naira in the same period of 2011.

To contact the reporter on this story: Chris Kay in Abuja at

To contact the editor responsible for this story: Gavin Serkin at

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