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 Choppies to treble shops in Kenya in next 3 years - CEO
• IFC and banks close $653mln in funding for Egypt solar plants
• Egypt says EU to fund 500 mln euros of development projects
• Egypt says Jordan to lift import ban on Egyptian potatoes
• Egypt to keep customs exchange rate at 16 pounds in November
• Shoprite Prepares Kenya Entry to Fill Gaps Left by Nakumatt
• KCB gets Sh10.4bn AfDB loan for lending to SMEs
• Tullow fails to strike oil in latest Turkana search
• Large caps tighten grip on bourse in quarter three
• Equity posts 3pc drop in net profit
• Safaricom CEO takes sick leave
• Kenya’s Biggest Retailer to Enter Administration in Revival Plan
• Safaricom share gains, shaking off Collymore sick leave
• Poll impasse stalls SBM takeover of Chase Bank
• Kenya's Safaricom EBITDA rises about 7 pct in H1
• Kenya's Equity bank says rate cap locks out 500,000 small borrowers
• Kenya Airways HR boss now latest executive to bow out
• Kenyatta Named Winner of Kenyan Vote Rerun
• Kenyan Opposition Shuns Courts, Vows Protests Demanding New Vote
• Kenya's top share index jumps 1.49 pct after presidential vote result
• Kenya's inflation slows to 5.72 percent in October
• Specter of Violence Looms Over Kenya After Two Chaotic Votes
• Kenya's stock exchange CEO says index will get a boost as political turmoil subsides
• Kenya economy to fare better after elections than post-2008 vote
• Guinness Nigeria grows revenue by 30% in 2017 first quarter
• Nigeria's Access Bank eschews M&A in Ghana growth strategy
• Oando Records N7.1 Billion Profit After Tax in Q3
• Flour Mills of Nigeria plans share sale to reduce debt
• MTN Focused on Preparing for Nigerian Unit IPO in Six Months
• MTN Restates Commitment to List on NSE in Six Months
• Lafarge Africa Applies to Raise N132bn through Rights Issue
• IMF wants Nigeria to stop tax holidays
• CBN rules out naira fall as external reserves hit $34bn
• Nigerian Breweries Records N24bn Profit, Declares N7.9bn Interim Dividend
• Russia Signs Agreement With Nigeria to Build Nuclear Power Plant
• SEC launches development fund for capital market
• CBN Pumps Another $195m into Forex Market
• African Development Bank says could consider $400 mln loan for Nigeria
• Nigeria Plans $1 Billion Processing Zone to Boost Exports
• Nigeria moves towards border controls on hard currency
• CBN Targets 80% Financial Inclusion by 2020
• Nigeria's President Buhari to present 2018 budget to parliament on Nov 7
• Citi profit slides by half in Q3
• Barrick's Trouble in Tanzania Deepens as Acacia Chiefs Depart
• Tanzanian Opposition Leader Arrested for Inflammatory Speech
• Tanzania's fuel prices rise on weaker currency, crude costs
• Econet grows revenue, profits
• Steward Bank PAT up threefold to $8,5mln in H1
• Larfarge makes play for PPC
• Mimosa output up 4pct in Q1, Zimplats flat -Implats
• Prospect’s Arcadia granted national project status
• Zim stock market rebounds
• Zimbabwe’s inflation puzzle
• Zim economic performance deteriorating significantly, says IMF
• Tobacco exports top $665 million
• Chinese telecoms firm ZTE eyes opportunities in Zim’s $1bn ICT industry
• ZSE indices open new month higher