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 economy grows sluggishly in first quarter of 2017
• Egypt attracted $9.8 bln foreign investment in debt instruments in 2016-2017
• Egyptian government appeals ruling on food inspection system
• Fuel price hike to add 3-4.5 percentage points to Egypt's inflation
• Egypt's non-oil business activity contracts for 21st month in June
• Egypt to raise electricity prices by between 18-42 pct -electricity minister
• Egypt's central bank hikes key interest rates by 200 basis points
• MTN earmarks $145 million for expansion in 2017
• ENI pumps first oil from Ghana's Sankofa field
• Government to meet IMF board this month
• Moody's red flags Ghana's high debt, touts strong economic growth outlook
• KCB to handle Safaricom’s M-Pesa cash
• TransCentury’s stake purchase values subsidiary at Sh4.4bn
• Moody’s accords Co-op and Equity high deposit ratings
• Kenya's Barclays Bank says to shut down seven branches
• Kenya Airways seeks shareholders’ nod on revival plan
• CocaCola Africa buys out Kisumu bottling company
• Dutch banking giant gets Equity shares
• Kenyan growth slows in Q1 hurt by drought, credit slowdown ahead of election
• Kenya's year-on-year inflation falls to 9.21 percent in June
• Kenyan shilling eases, eyes on central bank dollar sales
• Kenya Government Reviews Mine Laws as Industry Struggles to Grow
• Kenya’s sugar imports up 36pc in four months on shortage
• Mauritius inflation rises to 6.4 percent year-on-year in June
• Honeywell Flour Recovers from Loss, Posts N5.5bn Profit
• Etisalat Nigeria chairman resigns after debt talks collapse
• Seplat receives one year extension of $150m facility
• Zenith, FBN, GTbank, Access, UBA, Diamond among Top 1000 Global Banks
• Guinness Nigeria starts $126 mln share sale to cut funding costs
• Access Bank Opens Second Digital Bank in Epe Community
• Nigerian state oil firm says saved $2 bln with cheaper contracts
• Nigeria Ranked 19th Most Attractive Investment Destination in Africa
• Acacia serves govt with notice of arbitration
• World Bank approves $345 million loan for Tanzania port expansion
• Tanzania Passes Laws Enabling Renegotiation of Mining Deals
• Zambeef to increase organic compost use
• BNC FY revenue up 7pct to $45mln
• Hwange to resume underground mining, says will trade profitably from July
• Outlook bright for Starafrica despite $5,8mln loss
• NSSA PAT more than doubles to $106mln
• BNC smelter restart project now 83% complete
• ZEEM listing requirements to be gazetted
• Dubai’s Albwardy withdraws Meikles bid
• CBZ launches $11mln housing project in Vic Falls
• Q1 mobile revenue falls 10pct as costs spike
• ZSE main index up 36pct in H1
• Zim trade deficit at $1bln in 5 months
• Zimbabwe’s trade flow improves