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 revises Botswana's 2017 growth forecast as diamond demand rises
• Egypt expects 3-5 IPOs before year-end -stock exchange vice chair
• Egypt's stock exchange gets new chairman
• Egypt's Suez Canal revenues jump to $446.3 mln in July - Reuters calculations
• Yields drop sharply on Egypt's T-bills after foreign currency reserves surge
• Billionaire Saudi prince to invest about $800 million in Egypt
• Egypt's fuel subsidy spending rose to $6.76 bln in FY 2016-17
• Egypt's annual urban consumer price inflation accelerates to 33.0 pct in July
• Average yields drop on Egypt's six-month, one-year T-bills
• GIPC woos Israeli investors
• Cocoa production gets boost as Iran set to construct 30,000-tonne chocolate factory
• KCB in partnership with UnionPay to issue d
• Kenya Re sets aside Sh104m for bad debt
• Kenya Airways shareholders back restructuring plan
• Vodacom completes purchase of 35pc Safaricom stake
• Afreximbank opens shareholding to public in Sh31bn offering
• Baloobhai Patel sells two million Flame Tree shares
• Intimidation Tactics Gagging Traders in Kenya's Currency Market
• Trade deficit up 46pc as imports rise sharply
• Political tension subdues trading at Nairobi bourse
• Interbank rate hits year high of 9 per cent on low liquidity
• Mauritius inflation falls to 5.3 percent year-on-year in July
• MTN to go ahead with Nigeria listing
• Union Bank has sufficient cover for loans to telecoms group 9mobile
• Nigeria's Union Bank aims to close 50 bln naira share sale year-end
• Lafarge to merge Nigerian units to simplify ownership structure
• Nestle Nigeria Records N16.5bn Profit on Reduced Finance Cost
• Dangote to Commence Operations in Fertiliser Plant in First Quarter 2018
• Dangote, Kano sign MoU on 100MW solar power plant
• Zenith Bank Records N75bn Profit, Declares N7.8bn Interim Dividend
• Naira reverses gain, closes at 363/dollar
• FG offers monthly Savings Bond at 14.54%
• Nigeria to refinance $3 bln worth of T-bills with dollar debt
• Central bank slashes rates again to boost credit for private sector
• Shilling stability seen to continue
• Amend VAT law, JPM orders
• Inflation on downtrend -NBS
• Shilling tips to gain in Q3
• Sino-Tanzania trade reaches 4.6 billion USD
• Zambia Central Bank Reduces Key Rate to Lowest Since 2014
• Budget deficits threat to Zim economy: WB
• More lithium discovered at Premier’s Zulu Mine
• S.Africa's Transnet to recapitalise Zimbabwe rail firm
• Old Mutual profit grows seven-fold to $89mln in H1
• ZB Holdings net profit up 38 pct in H1
• Hotelier African Sun back in black with $190k H1 profit
• CFI minority shareholders snub Stalap offer
• Barclays Zim H1 net profit trebles to $9,5mln
• First Mutual to acquire NicozDiamond as NSSA calls the tune
• CABS H1 profit falls 20pct to $16,5mln
• Dairibord narrows loss to $845k in
• Foreign buyers dumping local shares in droves
• Local investors sustain ZSE momentum
• Securities Commission tells CFI minority shareholders to ignore Messina offer
• Local authorities can issue infrastructure bonds – Chinamasa
• Cash-strapped Zimbabwe plans $1 billion Robert Mugabe university
• Fuel marking could save Zim $240mln annually, says expert