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.
• Botswana to Sign Deal With Namibia to Develop Coal-Export Line
• Ezz Steel Q3 trims net loss by 74% y/y
• SODIC says 2013 sales revenue up 69% y/y
• Egypt's largest listed bank CIB posts 29% rise in Q4 net profit
• Egyptian urban annual inflation slows to 11.4% in January
• Egypt unveils $4.9 bln stimulus package to prop up struggling economy
• Egypt's growth rate sluggish: 1.6% Y-o-Y in Q1 of 2013/14 • Egypt minister says ready to talk about deeper trade ties with EU
• Egypt minister says ready to talk about deeper trade ties with EU
• Egypt signs oil, gas exploration deals Dana, Edison, Petroceltic
• Bank of Ghana directive triggers panic withdrawals
• Bank of Ghana to issue 402m cedi 3-year bond on February 13
• Ghana consumer inflation rises to 13.8 pct in January
• Govt’s three year bond oversubscribed
• Equity uses credit rating to cut cost of loans for SMEs
• Tullow Says Kenya Sees First Oil Exports as ‘National Priority’
• Australia’s Base Resources exports first minerals from Kenya mine
• EABL say H1 pretax profit up 5%
• Kenya shilling stable, liquidity to set path
• Kenya shilling holds steady, export earnings eyed
• Kenyan shilling stable against the dollar
• Price of top Kenyan coffee eases at auction, volume rises
• Kenyan tea prices ease at latest sale
• Kenyan shilling eases versus dollar, further losses seen
• Malawi’s central bank leaves lending rate at 25%
• Mauritius central bank questions government borrowing
• Oil majors sell Nigerian stakes worth USD6.5bn in 2013
• MTN looks for buyers for Towers portfolio
• Nigeria adds $550 million to sovereign wealth fund
• Retail bonds trading soars by 2,561% in year one
• SEC to sanction unregistered public companies
• Nigerian Central Bank Will Probably Increase Cash Requirements
• Nigerian inflation steady at 8 pct y/y in January
• Trading houses in race to buy oil majors' $3 bln Nigeria assets
• Nigeria central bank confident it can defend naira after intervention
• Excess crude account now USD 2.1bn
• Nigeria sells NGN 90bn in 3, 20 year bonds
• Tigo-Pesa, NMB Partner in Cash Transfers
• Sierra Leone Talks to Copperbelt Energy, Salini to Boost Power
• NamPower, Zambia's CEC sign Kudu plant deal
• First Quantum to engage govt over nickel duty
• IFC hails Zambia on bond issuance
• Zambia president says to spend USD 385m to create regional airport hub
• NMBZ warns of loss
• TSL in good performance but worrying cash-flows
• Hwange secures US$11m loan
• Mwana Africa Plans to Reopen Zimbabwe Smelter to Refine Platinum
• OK opens tech shop
• Barclays records profit
• NMB gets USD 10m French loan
• FY13 earnings to mirror economic performance
• Zimbabwe re-engages the European Union