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 CIB and Beltone drop plans for CI Capital sale -sources
• Egypt non-oil business activity slows for eighth straight month in May-PMI
• Egypt central bank injected $15.694 bln into banks in Nov-April
• Egypt to issue $700mln in U.S. dollar denominated one-year treasury bill on June 14
• Ghana expects steady oil output as Tullow's Jubilee recovers
• Ghana to issue $2 bln bond to help clear power firms debt
• BoG cautions banks over electronic fraud
• Ghana's GDP rises by 5.9%
• Helios' Orange takeover may reignite a re-union with Equity
• Kenyan Security Company Considers Listing to Fund Expansion
• Kenya's Centum Investment pretax profit up, helped by investment income
• National Bank shareholders decry delay in rights issue
• Kenya's Safaricom to launch local rival to Uber
• Kenyan private sector activity expands at slower pace in May: PMI
• Kenya's tourism earnings fall 3 pct in 2015
• Mauritius inflation rises to 0.8 pct in May
• Julius Berger to diversity, assures shareholders of good outlook
• Oando secures N94.6b loan from local banks
• Skye Bank sacks 175 workers
• FCMB Expands Branch Network
• Shares in Nigerian oil firm Oando rise 10 pct on debt restructuring
• Unity Bank, Black Trituium plan equity investment deal
• UAC restructures three subsidiaries, pays N1.92b total dividend
• Forex policy delay hurting business - UAC CEO
• Dangote acquires shares in Afreximbank
• Nigeria says it has recovered $9.1 bln in stolen money and assets
• Desperate for Funding, Nigeria Prepares to Face Bond Investors
• W'Bank Cuts 2016 Global Growth Forecast to 2.4%
• CBN dangles fresh N93b in power sector intervention
• Nigeria to continue investor meetings after London roadshow: finance minister
• DSE primary offer oversubscription imminent
• China Exim Bank to support industrialization
• Vodafone, Afrimax to launch data services in Zambia
• Tullow Wins Oil Exploration Licence
• Kwacha fall continues
• Hippo reports $8,5mln FY loss as production falls 11pct
• OK Zimbabwe profit collapses 91 percent in 'disappointing' FY16, fears worse to come
• Zimbabwe sets Tuesday deadline for chrome miner to cede half its claims
• SeedCo defies El Nino, FY16 PAT up 3pct to $15mln
• IMF says to assess 'bond notes' impact
• Govt to cut stake in IDBZ
• Zimbabwe Stock Exchange Cuts Jobs After Trading Slumps
• Dollar shortages threaten Zimbabwe mining production
• Zimbabwe's Mugabe says "surrogate currency" will prevent dollar outflow