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.
• Letshego applies for banking licence
• Galane Gold ramps up exploration
• Diversification progress impresses US Treasury exec
• Sluggish diamond market dents government coffers
• Govt resorted EGP 20bn by resolving disputes with companies
• Egypt's balance of payments deficit narrows in Q3
• yuMobile owners commit KES 17bn to revitalize network
• KQ’s recovery suffers blow as sacked workers are reinstated
• KenolKobil loses market lead to Total
• Co-op Bank keeps dividend flat to boost war chest
• Investors protest KQ ruling in workers row
• 36 trade barriers in EAC dropped in a year
• Power output up by 10% as Kipevu III plant goes live
• World Bank report pegs Kenya’s economic recovery to March poll
• Probe on large taxpayers’ accounts leads to 20% jump in revenue tally
• Malawi raises benchmark rate to tame inflation
• New product shores up Dangote Sugar profits
• Starcomms banks on shareholders’ approval to seal Capcom’s $210m deal
• Lafarge invests N100m in infrastructure development in host communities
• Banks raise USD 202m for IHS
• Cement Dumping Forces Closure of Dangote’s Gboko Plant
• Fidelity Bank Partners ABC Transport on Paydirect
• NAICOM set to enforce ‘No premium no cover’ rule
• Stock Exchange unveils value added services to attract listings
• Growth in interest, non-interest income boost banks’ earnings
• Nigeria Seeks Farming Boom With USD 3bn Rail Plan: Freight
• Nigeria central bank says tightening achieved aims
• FG Accused of Politicising Lagos USD 600m World Bank Loan
• ICT investment crucial to improved internet services
• ‘Boosting industries key for growth’
• MTN Captures 3.5m clients, spends USD 200m
• Bank of Zambia keeps policy rate at 9.25%
• NSSA takes over AFRE
• Agribank gets new advisors
• Radar seeks shareholders’ approval
• Pelhams in USD 500k loss
• BAT denies espionage allegations
• African Sun looks to reduce borrowings
• Metallon Gold risks losing licence
• AirZim to settle USD 2,8mn debt
• ‘Essar deal will not fail’
• Africa Sun turns the corner
• Cairns Holdings suspended from ZSE
• EcoCash spreads to CBZ Bank
• Delta announces new beer prices
• Prob shakes BAT
• Mimosa worried over platinum prices
• Mash Holdings posts USD 17m profit
• Insurers castigate side marketing in tobacco
• EU thaws on Zimbabwe diamonds