Weekly African Footprint: December 16, 2016

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's central bank keeps lending rate unchanged at 5.5 percent


•  Egypt received inflows of $1 bln in month since currency float- c.bank
•  Egypt cancels tender to rent third LNG regasification terminal


•  ADB grabs GHC325.7m from IPO
•  ADB begins trading on GSE
•  November inflation declines slightly hitting 15.5%


•  Kenya's Mobius Motors to ramp up production with new model
•  Treasury lines up Sh500m for Uchumi bailout
•  Safaricom expresses concern over ‘huge’ losses from vandalised masts


•  Malawi November inflation slows to 19.9 percent y/y


•  Access Bank, UBA Win Global Awards
•  Fidelity Bank Introduces Another Reward Scheme
•  External reserves hit three-month high, near $25bn
•  CBN to unveil N30bn agric/SME fund in January
•  Senate considers bill to reverse naira free float
•  Nigeria discloses $7.2 billion of unrecorded debts after audit
•  FG to service debt with N1.66tn as Buhari presents N7.3tn 2017 budget
•  Nigerian Stock Exchange Lists N6.3bn Wema Funding SPV Bond
•  Nigerian inflation rises to 18.48 percent in November


•  CRDB pledges more support to industrial growth
•  Tigo embarks on DSE listing procedures
•  Tanzania, Nigeria's Dangote reach natural gas supply deal


•  IMF advises Zambia to delay re-financing $2.8 billion of Eurobonds


•  Non-life insurance PAT up 170 pct to $9,8 mln
•  Art Corporation rebounds with $2mln FY profit
•  $1bn Hwange Power Project Takes Off
•  David Whitehead revival requires $50mln – judicial manager
•  ZSE market capitalisation in 20-month peak at $4,1bn
•  Govt to Cut Wage Bill By 55pc
•  Zimbabwe’s diamond output declines
•  Data drives telecos revenue up 15pct to $262mln in Q3
•  The future is golden as RioZim, Bindura drive resources index gains

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