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.
• IMF lowers 2016-17 growth forecast for Egypt to 3.5 percent
• Egypt to raise maximum issuance of dollar bonds to up to $7 bln
• IMF deal to end in April 2018 – Finance Minister
• IMF backs Ghana’s domestic borrowing drive to check ballooning debts
• Weak banks require urgent recapitalisation
• Housing Finance eyes growth in MasterCard deal
• KCB begins job cuts to counter technology and Kenya rate cap
• March coffee sales hit Sh12 billion at the exchange
• Kenya’s top tea importers take up 88pc of Feb sales
• Kenya's economy grows by 5.8 percent in 2016
• IMF cuts Kenya growth outlook on persistent drought
• World Bank in fresh warning as Kenya’s debt hits Sh3.8 trn
• Kenyan shilling stable, draws support from charity inflows
• Malawi's inflation slows to 15.8 percent in March
• Mauritius trade deficit widens 15.6 pct y/y in February
• Ecobank shares fall after African lender reports full-year loss
• Forte Oil Grows Profit by 98% to N1.9bn in First Quarter
• Nigeria needs reforms to hedge against future FX crisis -World Bank Africa economist
• Unilever Nigeria’s Profit Hits N2.8bn in First Quarter
• Pension fund investment in infrastructure rises to N2.22bn
• Nigeria needs reforms to hedge against future FX crisis -World Bank Africa economist
• Nigerian finance minister says country needs to tap its non-oil revenues
• NMB profit after tax grows 2.4 pc
• CRDB’s Burundi posts 2.4bn/- net profit
• Vodacom Tanzania extends IPO deadline to woo more local investors
• NMB opens business centre in Kahama
• Acacia mining reports production drop in Q1
• IMF projects 2.5pc fiscal deficit this year
• High investors demand greets five year treasury bonds auction
• Zambia Seeks IMF Deal of as Much as $1.6 Billion This Month
• Hwange Colliery gets 5mtpa long-term coal supply deals
• Pick n Pay earnings from Zimbabwe associate up 75pct
• Caledonia gold production up 18pct in Q1
• Zimbabwe Inflation Up
• Tobacco sales up 42%
• Cash crunch chokes industrial performance
• Inflation within manageable levels: Economists
• Zimbabwe tax agency beats first quarter revenue target
• Mugabe's Ruling Party Fractures as Zimbabwean Opposition Unites