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 sells stake in state telecoms firm
• Botswana's CPI quickens to 3 pct y/y in February
• Botswana's 2016 GDP growth estimated at 3.7 percent
• Egypt's EFG Hermes board approves Credit Libanais stake sale at $33/share
• Egyptian pound stable in official auction, firmer on black market
• Egypt Central Bank Devalues Currency by 13% at Dollar Sale
• Egypt c.bank raises key interest rates by 150 basis points
• Moody's hands AngloGold Baa3 debt rating
• A second 5-year Bond successfully issued
• Ghana Debt Sales Bloom as Pension Funds Warm to Company Bonds
• Kenya's TransCentury secures $20 mln in capital as bond deadline nears
• Bank Coop Bank earnings jump 46pc to Sh11.7bn
• Kenya's Kakuzi 2015 pretax profit up 228 pct
• Equity Bank may be interested in parts of Barclays Africa: CEO
• IMF approves 24-month $1.5 bln standby facilities for Kenya
• Kenya aims to cut 50 bln shillings from net 2015/16 spending
• Kenya plans interest corridor to lower costs of credit: IMF
• Kenya's market regulator to tighten rules against money laundering
• Malawi inflation slows to 23.4 pct y/y in February
• Mauritius finance minister quits, PM says takes role
• Mauritius current account deficit narrows in Q4 2015: central bank
• Mauritius economy seen expanding 3.8 pct in 2016
• GTB Maintains Lead in Forex Allocation from CBN
• 7-UP, Honeywell, Sterling Bank lead N46bn market loss
• GTBank Records N99bn Profit After Tax, Declares N52bn Dividend
• UBA Reports PBT of N60bn, Pays Additional 40kobo as Dividend
• Nestle Records N24bn Profit, Declares N19 Final Dividend
• GTB, MoneyGram Unveil New Fund Receive Product
• Dangote Opens Tomato Factory to Vie With Chinese Imports
• Zenith Bank Declares N1.55 Final Dividend as ETI Expects Lower Earnings
• Dangote Partners Kaduna, Kebbi States to Bid for Peugeot Nigeria
• Access Bank Grows Profit by 53% to N66bn, Pays 30kobo Final Dividend
• UBA Expects 15% Loan Growth in 2016
• Nigeria's state oil company withheld $16 bln in 2014
• Nigeria's state oil company denies it failed to remit $16 bln in 2014
• Nigeria inflation at almost 3-1/2 year high in Feb: Stats office
• Nigeria raises 125 bln naira in 5-, 10-, 20-yr bonds at lower yields
• Swissport Tanzania profit soars in 2015
• NBC, Barclays Bank merger under consideration
• Brokers bullish on stock market prospects in 2016
• Zambeef's palm project needs $24m investment in 5 years
• Econet ventures into security industry
• Natfoods set to acquire snacks business
• Starafrica sells Bluestar for $1,5m
• Dairibord eyes 10pc volume increase
• New suitor eyes Zisco
• Zimbabwe sets up innovation fund, seeks to create own 'Silicon Valley'
• RBZ seeks to broaden financial inclusion
• IFC to draft new Zim investment programme
• Zimbabwe Considers Compensating Evicted Foreign Farmers
• Zimbabwe expects first IMF loan in nearly two decades this year
• February inflation steady at -2.22pct
• Treasury struggles to recover loans from 'broke' parastatals, threatens legal action
• ZimTrade calls for trade balance with SA
• RBZ to re-introduce TBs auction system
• Zimbabwe must clear arrears to get IMF loan