Below is a headline summary of our Weekly African Footprint. Please click here for more detailed reports. It includes the following:
Quick summary table displaying the performance of all the African Stock Exchanges and African currencies on a WTD and YTD basis. Summaries of the keys markets and relevant economic and corporate news.
Do not hesitate to contact us should you require further information.
• Egypt to pay $1.5 bln arrears to foreign oil firms
• Tycoon Naguib Sawiris to invest $1 bln in Egypt in Q1 2014
• Central bank unexpectedly cuts rates to boost economy
• Fortiz announces completion of Merchant Bank Ghana acquisition
• Inflation goes up in last quarter of the year—BoG
• ECG targets 15% system losses by 2018
• Inflation target for 2013 will be missed—BoG
• Netherlands provides 7 million Euros to Ghana
• Ghana’s Parliament approves $15.5b spending plan for 2014
• S&P revised Ghana’s credit outlook to negative from stable
• Talks on how Essar would exit refinery postponed
• NMG unveils e-paper app in partnership with Safaricom
• Kenya's Safaricom buys extra capacity in undersea cable
• Kenyan inflation falls to 7.36%, points to rate hold
• Kenya remittances on course for record in 2013
• Top price of best Kenyan coffee rises at auction
• Capital markets set for major reforms
• The Banker magazine, a publication of Financial Times of London, has named Zenith Bank Plc, the
• The value of retail trading in bonds on the Nigerian bourse has soared by 2, 400 per cent 10 months
• Nigeria plans a huge jump in domestic sugar production over the next six years to cut dependence on imports
• The decline in Nigeria’s crude oil revenue this year may negatively affect the budget framework for 2014, a report has stated.
• Statoil, ExxonMobil makes big gas find off Tanzania
• Zambia’s central bank leaves benchmark interest rate unchanged at 9.75%
• Japan, Zambia trade volume triples
• Dawn Properties earnings decline
• Arda to revive tea plantations
• AKZL capitalization approved
• Puma Energy seals Redan deal
• RBZ deposit lifts Meikles
• Anglo American to inject US$100m in Unki Mine
• Consumer basket rises marginally
• Government mulls new mining policy by 2014
• Mining firms bank 3% of revenue
• Demand for mortgage finance surges