Weekly African Footprint: December 15, 2017

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 2017/18 budget in surplus at half-year mark
•  Botswana exchange lists IFC local currency bond


•  Foreign investment in Egyptian securities rises to $19bln
•  Egypt's finance minister says expects Jan inflation at 20 pct
•  Rosatom says planned Egypt nuclear plant to cost $21bln
•  Moody's affirms B3 local-currency deposit ratings of Egyptian banks, stable outlook maintained


•  Access Bank Ghana shareholders approve 450mln cedis in bond, share issues
•  Ghana consumer price inflation roughly flat at 11.7 pct in Nov


•  Safaricom 4G network available in all counties
•  Safaricom bets on voice identity to rein in fraud
•  Troubled Uchumi postpones AGM
•  Kenya Airways Sees Revenue Decline After Protracted Vote
•  Safaricom launches digital TV decoders with new apps
•  Uchumi targets Sh3bn land sale to boost comeback
•  Uhuru bets on four key sectors to boost growth
•  World Bank pushes for removal of rate cap law
•  Treasury taps most cash from CBK facility in a year


•  Mauritius central bank forecasts 2017 c/a deficit of 5.1 pct of GDP


•  Flour Mills Applies to Raise N40 Billion via Rights Issue
•  Ecobank Nigeria Unveils Digital Banking Account
•  Nigerian Breweries appoints new MD, restructures management
•  2017 Budget: FG to Release Another N750bn Capital Vote
•  Investors Stake N27bn on Equities as Dangote Cement Lifts Market
•  IMF Harps on Economic Diversification for Nigeria, Others
•  CBN Injects $210m into Forex Market
•  Turkey's TAV Plans Bid for Four Nigerian Airports
•  FG to issue N10.69bn Green Bonds to finance budget
•  IMF Bullish on Nigerian Economy as SEC Assures Investors of Robust Market
•  Nigeria repays $1.1 bln worth of T-bills; overnight rates fall


•  CRDB sets 700bn/- for industrial drive
•  DSE turnover falls as TBL, CRDB shine
•  Domestic debt swells by 24 pc
•  Tanzania's Magufuli orders tighter FX controls, bank crackdown as growth slows
•  IMF urges Tanzania to reform and spend to stem economic slowdown


•  Zambia sees 2017 copper output rising up to 850,000 tonnes


•  Zimasco strikes deal with creditors
•  United Refineries Limited mulls ZSE listing
•  ‘No quick fix to cash shortages’
•  Telcos revenue jumps 19pc
•  Govt slashes platinum royalty
•  Growing economic activity increases demand for forex
•  Afreximbank avails $1,5 billion to Zimbabwe
•  Zimbabwe Botswana to ink MOUs
•  Zimbabwe earns $870m from tobacco
•  NRZ deal done by Q1: Chinamasa
•  Zimra surpasses November targets

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