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 issues law restricting protests
• Egypt to start fuel subsidy cuts in 2014
• Egypt draft charter deflates hopes for change
• ABL to expand operations with USD 100m
• Ghana gets USD 22m agric support from USAID
• Ghana Seeks Okay for Third Eurobond as Power Fund Planned
• Ghana Central Bank Keeps Benchmark Interest Rate Steady at 16%
• Finance Ministry disagrees with Fitch Rating
• Kenya's I&M Bank 9-month pretax profit up 38 pct
• Kakuzi warns 2013 pretax to be down 25% or more
• Kenya's NIC Bank says 9-month profit up 16 pct
• KenGen replaces chair, targets equity sale with 7.7bn shar
• Kenyan shilling eases slightly, seen under pressure
• Next Eurobond targets at least USD 1bn
• South Africa’s FNB targets entering Ghana retail banking by end of 2014
• Kenya Postpones Renewable Energy Drive to Reduce Power Costs
• Kenya shilling holds steady before inflation data
• Mauritius trade deficit widens 48% year-on-year in September
• Mauritian Yields Rise to Highest in Year on Inflation Outlook
• Shell shuts Nigeria gass plant on safety concerns
• Commercial paper rises to NGN 29bn
• GSK Nigeria Optimistic Parent Will Agree to Take Stake
• Skye Bank explores retail opportunity in unbanked market
• SAB Miller in more difficulties as Nigeria’s brewing industry slides
• Lafarge to sell excess electricity to help boost Nigeria output
• Nigerian Breweries to commission Aba can line in December 2013
• GTBank Strengthens Internet Banking Platform
• Nigerian inflation could fall to 5% by end of 2015: central bank
• CBN to revert to paper banknotes before June 2014
• Nigeria to open bidding for 31 marginal oil fields next month
• Foreigners invest N864bn in Nigerian bonds
• Vodacom to pay ZAR 2.5bn to hike Tanzania stake
• NMB launch a special business account
• Govt to take bold decisions on KCM
• Zambia raises external debt ceiling to over $6 billion
• Zambia's consumer inflation ticks up to 7.0 pct y/y in November
• Innscor’s business model reaches maturity
• Old Mutal in USD 100m property projects
• Cairns deal almost done
• IMF still monitoring Zim progress
• Astra profit declines
• EcoCash to start offering loans to subscribers
• Meikles Freda overtures flop
• Indigenised mine ups dividend 20pc
• Zimplats to set up refinery in Zimbabwe
• Dawn Properties restructures lease agreements
• Aico writes down US$30m
• Mash Holdings full-year earnings decline
• Government needs US$200m to recapitalise RBZ