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.
• Egypt's Pharos Holding plans to double assets under management
• Egyptian pound steady at forex sale, on black market
• Egypt gets $1.5 bln FDI in Q1 of 2015/16, sees more later in year: Minister
• Egypt tourism receipts down 15% in 2015 on back of security, currency woes
• China, Egypt sign financing deals worth at least $1.7 bln
• Tullow optimistic of weathering oil price storm
• Inflation rate now at 17.7%
• BoG confident about halting cedi fall
• Stock exchange to list itself
• Ghana's growth to rebound in 2016 - IMF
• Airtel cuts staff in reforms
• Court clears KenGen units supply deal
• Kenya's new car sales jump 12.86 pct in 2015: industry body
• Taxes may rise as govt seeks funding for infrastructure projects, analysts say
• CBK seeks to inject Sh5bn into market
• Kenya central bank holds benchmark lending rate at 11.5 pct
• Kenyan shilling steady after c.bank rate hold, shares fall
• MTN Results Show Telco Will Struggle to Pay N1.04tn Fine
• Skye Bank to raise fresh capital in 2016 first quarter
• FCMB Anticipates Lower Profit for Third Quarter of 2015
• Nigeria's Buhari requests withdrawal of 2016 budget to make changes - sources
• Nigerian banks allow foreign currency transfers as FX restrictions ease
• Nigerian inflation edges up to 9.6 pct in December
• Nigeria stocks fall 4.1 pct to 3 1/2-year low on sell-off by investors
• Crude flows to two Nigerian refineries shut after attacks: NNPC
• Nigerian minister says $6.8 bn of public funds stolen in seven years
• Nigeria to enforce stamp duties law on financial transactions: cenbank
• Stocks Decline: FG May Summon Stakeholders Meeting
• CBN blames declining non-oil revenue on low export loans
• Nigeria plans up to $5 bln borrowing from sources including Eurobonds: finance minister
• Nigeria will have to devalue in 2016: S&P
• Stanbic fined over improper deal
• NMB, partners to provide loans to farmers
• Acacia Mining forecasts higher gold output
• Treasury bills oversubscribed as liquidity squeeze eases
• Cotton yield likely to fall this year
• DSE market cap down 4pc
• BoT forex dealings generate 100bn/-
• Govt pledges maximum cooperation to investors
• Zanzibar exports fall
• Power outages 'choke' Airtel
• Zambia Sugar to export over 50,000tn of sugar to GLR
• Dangote takes Ikulile Enterprises to court over partnership claim
• Zambia's trade value deficit swells'
• Treasury bill expected to support Kwacha
• Zambia maize harvest to drop by a third - farmers
• Zambia's kwacha weakens on low dollar supply
• Zambia's biggest challenge is fiscal indiscipline - IMF
• Power shortages cut Lusaka Water's revenues by 30%
• Innscor spin-off Simbisa plans $7mln capex in 2016
• GetBucks debuts on ZSE
• SABMiller's Zimbabwe unit says lager volumes fell in third quarter
• Innscor disposes stake in Spar Corporate
• RioZim gets shareholder approval for Zamco deal
• Zimbabwe consumer prices edge down 2.47 percent in December
• Liquidated banks' account holders to be compensated
• 'Ebola, tax spur 20% tourism arrivals drop'
• Zimbabwe mining firms, farmers oppose 42 pct power tariff hike
• Zimbabwe tobacco exports up on China demand, drought dims outlook
• EIB aims to invest in financial sector
• Tobacco ban to negatively affect the economy