From The National. Story by Gavin du Venage.

African central banks are bracing for a Brexit fallout that could further damage already shaky economies hurt by a collapse in commodity prices.

On Friday, Kenya’s central bank said it was prepared for disruptions. “The Central Bank of Kenya stands ready to intervene in the money and foreign exchange markets to ensure their smooth operation,” it said.

Other banks around the continent began to follow suit as they face a changing trade landscape. About 20 percent of South Africa’s Europe-bound exports go to Britain.

As the shock of the exit vote is absorbed, another concern is that the political landscape of the past generation is about to change. “Europe is in danger of falling apart into tiny little fascist, nationalistic enclaves of the type that existed before World War I and II,” said influential South African columnist Justice Malala in the Rand Daily Mail.

Some of South Africa’s largest companies that are dual listed in Johannesburg and London are feeling the pain of Brexit.

Anglo American and BHP Billiton, two of the world’s largest mining companies, lost 6 percent and 5 percent of their value during trade Friday. Johannesburg-based Intu Properties, a £3.7-billion ($5.06-billion US) fund that specializes in shopping centers around London saw nearly 12 percent of its value wiped out.

Financial services provider Old Mutual with a market value of £9 billion ($12.32 billion) lost nearly 5 percent, while Investec wealth management lost nearly 7 percent on its FTSE listing.

Of the dual-listed companies, the £89 billion ($121 billion) British American Tobacco was a rare bull on Friday, gaining nearly 2 percent in London on Friday.

Dual-listed firms are acutely sensitive to currency moves as they involve multiple countries. Old Mutual for example is one of South Africa’s largest pension and investment funds, and its earnings payout to shareholders back in South Africa will decline because of the pounds’ decline against the rand.

However for many on the African continent it was just another day, as summed up by Ifeanyi Uddin, head of business intelligence at First Bank of Nigeria, who said via Twitter: “Brexit. OK, so the E.U. unravels. But I’ve got bigger worries living in Nigeria.”

Read more at The National.