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 cuts 2013 GDP forecast to 4.4 percent of GDP
• Quarterly profit tumbles at Egypt’s Eastern Company
• Kuwait gives Egypt 5 years to repay $2 billion deposit
• Egypt hopes to start oil debt payments by year-end
• Egypt to raise stimulus by a third, implement minimum wage by Jan
• Egypt to start paying foreign oil firms by year end-EGPC
• Egypt says not interested in Israeli gas as plans LNG imports
• Ghana’s Biggest Cocoa Buyer Delays 150 Million-Cedi Rights Offer
• Tullow Oil, govt in talks over jubilee oil field
• Ghana’s Terkper Seeks Budget Gap Below 9% of GDP in 2014
• Bank of Ghana disseminates 2012 Capital flow survey
• No ban on Ghana cocoa—COCOBOD
• Kenya Power soothes investors with dividend promise in 2014
• Kenya's Carbacid full year profit up 19 pct, sets bonus share issue
• Shelter Afrique KES 3.5bn bond starts trading
• Kenyan shilling holds steady, supported by tea bonus payments
• Tight liquidity keeps Kenyan shilling steady
• Kenya finalizing Eurobond mandate with JP Morgan as lead manager
• Top Kenyan tea prices slide for fourth straight week
• ICC declines to allow Deputy President to skip hearings
• Kenyan shilling slips, tight liquidity seen supporting
• Mauritius trade deficit narrows 21% year on year in August
• Julius Berger, Stanbic, Lafarge outperform large cap stocks Q3
• PZ Cussons Records 37% Growth in Profit in Q1
• Zenith Bank rises to 4-month high on valuation
• Nigeria's Forte Oil more than triples 9-mth profit
• Unilever Nigeria says 9-mth pre-tax profit drops 12.8 pct
• Tiger Brands to Increase Stake in Dangote Flour to 70%
• Wema Bank Consolidates with N564m Q3 Profit
• Diamond Bank partners IFC on USD 33m Agric Sector lending
• Stanbic IBTC introduces mobile money platform
• GTBank records N82bn profit in 9 months
• Nigeria Exchange to Lure 500 Companies in Next Five Years
• Bank lending drops to N13.1tn
• Nigerian 125,000 bpd refinery catches fire
• Nigeria’s 40% debt ceiling conservative
• Tanzania GDP up 6.7% in second quarter, slower than previous quarter
• Tanzania signs USD 1.7bn energy, construction deals with China
• Swedish companies explores agro potential
• Zambia suspends 10 pct duty on unprocessed metal exports
• Zambia records USD 3.6bn investment inflows
• BNC mining plan bears fruit
• US$5bln needed for platinum expansion
• Zimbabwe government deficit widens
• ENRC, China Move Toward Platinum Production in Zimbabwe
• Fuel prices to go down in November
• TelOne recovers USD 20m
• Zimbabwe petrol to be blended with 10% ethanol
• Zimbabwe revenues miss target as economy slows