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 gets offer for struggling BCL mines
• Botswana's growth to almost double as commodity sales rebound
• Egypt's AMOC to make secondary share offering in Cairo and offer GDRs in London
• Egypt's non-oil business activity shrinks for 16th consecutive month
• Egyptian Stock Exchange approves Banque Du Caire request for IPO
• UAE's Dana Gas freezes Egypt investments over debts
• Ghana says to miss 2016 targets on growth, deficit reduction
• Cedi ends January with 2.80% depreciation rate
• Portland Cement woos State with land in bid for Sh45bn
• Consumers get reprieve as Kenya Power relaxes pay plan
• Kenyan vehicle output gets boost from Peugeot plan
• Kenya’s retail spending hits Sh1.8 trillion, says P&G report
• Kenyan shilling steady, seen trading in narrow range
• Mauritius 5-year Treasury bond yield falls to 3.40 pct
• Mauritius central bank to sell notes worth 2 bln rupees this week
• Mauritius inflation rate at 1.8 pct yr/yr in January
• Nigeria's Fidelity Bank targets electronic banking for growth
• Court suspends proceedings on Ecobank’s suit against Honeywell
• Ecobank backs start-ups with $500,000
• Nigeria fine to push South Africa's MTN to 2016 loss, shares fall
• Jaiz Bank lists N36.8bn shares on NSE
• Nigeria sells 400 bln naira bills to mop up money market liquidity
• FG Unveils Measures to Turn Around Economy, Targets 7% GDP Growth
• Nigeria's recession "will soon be history", says vice president
• More Banks to Raise Capital in 2017
• Nigeria to raise tomato import duty to boost local production
• Nigeria approve $1 bln Eurobond sale as investors fret over oil, FX risk
• Nigeria prices $1 bln 15-year Eurobond at 7.875 pct
• Capital market operators apprehensive over high yields on FGN bonds
• BANK M Tanzania has posted 35 per cent pre-tax profit of 23.66bn/- in the year ended December 2016 compared to 17.49bn/- of the previous year.
• CRDB eyes increased focus on mortgage sector in 2017
• Tanzania hikes fuel prices due to weaker currency, crude costs
• Tanzania says needs $46 billion in power investment by 2040
• Low demand greets 5-year treasury bonds
• LAPF told to invest in industries to boost growth
• Tanzania inflation at 5.2 pct yr/yr in January
• Stanbic pumps $570 million in energy sector
• KCM CLEARS $160M DEBTS
• Zambia Sugar share earnings dip
• Munali Nickel Mine to resume ops
• Zambia says First Quantum plans $1 bln investment, company cites conditions
• Kansanshi Mine in K9.8 billion facelift
• Kwacha steady against dollar as copper price falls
• Government moves on fuel subsidies
• Zambia's 2016 investment pledges up marginally to $3.4 billion
• Econet’s $130mln capital raise gets shareholder nod
• PPC Zimbabwe cement volumes up 9pct
• ZSE sends CEO on leave over Econet
• Illiquid market impedes AfrAsia loan repayments
• Makomo Resources says coal production falls 70pct as ZPC fails to settle $25mln debt
• Nampak Zim’s Q1 turnover 11 percent below prior year as group warns of tough 2017
• Liquid Telecom acquires Tanzania’s ISP Raha
• Local bourse turnover down 67% in January
• Treasury creates foreign currency management system
• Zimbabwe shelves VAT on basic foodstuffs