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.
• Pioneers Holding says to list 30 pct of Roya stake on Egypt stock market
• Egypt's EFG HERMES to invest $21.5 mln in asset manager FIM
• Egypt ordered closure of Ipsos office in Cairo -Manpower Ministry
• Egypt FDI likely hit $8bln - $8.5bln in fiscal year just ended -minister
• Foreign participation in Egypt's T-bill auction at $223mln -finance ministry
• Egypt expects third IMF loan disbursal of $2bln between December and January
• Egypt sets sights on doubling natural gas output by 2020
• Egypt's economic growth to pick up slightly this fiscal year
• Ghana's Cocobod may take $200mln extra debt for light crop
• Ghana president says will not extend three-year IMF aid programme
• Ghana's Biggest Cocoa Buyer Seeks Guarantee to Cut Finance Costs
• BAT half year profit drops 9.3 per cent
• Dutch oil marketer Lexo Energy launches in Nairobi
• No sweet news as sugar prices to remain high for years
• Kenya Holds Key Rate After GDP Growth Slows, Inflation Persists
• Chinese get Sh14bn power line contract
• Drop in Kenya's forex reserves should not cause concern -central bank chief
• Kenya Bond Rally Fueled by Investors Who Have Run Out of Options
• Kenya central bank assures public as forex reserves drop
• Rating agency paints rosy picture for three lenders
• CBK turns down banks’ request to increase charges
• Coffee farmers’ earnings rise to Sh630m under Nestlé plan
• Kenya misses 2016/17 revenue collection target by 9 pct
• Mauritius trade deficit widens 18.6 pct yr/yr in May
• Heritage Bank, Firm Seal N232m Deal on Oil Palm Production
• Holcim to wind up Nigerian company next month
• Nigeria's Skye Bank says central bank support extended
• Flour Mills Raises Stake in Rom Oil Mills
• Telecoms regulator approves Etisalat Nigeria name change
• Nigeria's Wema bank plans equity raise next year to bolster capital ratio
• Lafarge Africa Records N19.7bn Profit in Six Months
• U.S. seeks to recover $144mln in Nigeria oil industry bribery case
• Nigeria budget, despite being signed into law, still being amended
• ‘N7tn Spent on Importation of Consumables in 2015’
• Nigerian annual inflation at 16.10 pct in June -stats office
• Nigeria Banks Boosting Dollar Spending as Liquidity Improves
• CBN boosts FX supply with $195m
• FMDQ lists Nigeria Infrastructure Debt Fund, others
• Nigeria’s GDP to Hit $3.3 Trillion in 2050, Says PwC
• New laws to brighten mining sector
• China invests 5.6tri/, trails India in investment ranking
• UK-Tanzania investment forum to boost cooperation
• Kwacha continues aggressive trading
• Econet embarks on data network upgrade
• Unki Q2 production up 10 pct to 19,5oz
• Zimplow back in the black with $263k H1 profit
• Ipec approves Allied Bank pension fund liquidation
• Zimbabwe's agriculture authority to issue $80 million in grain bills to buy maize
• Zimbabwe's inflation slows to 0.31 percent y/y in June
• IPO expected on ZSE this year
• Zimbabwe Capital City Plans $100 Million Housing Bond This Year
• Zimbabwe budget deficit rose to $1.4 billion in 2016
• Gold production target reviewed