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.
• National Bank of Egypt says new certificates of deposit have brought in 30 bln Egyptian pounds
• Newly floated Egyptian pound moves little as interbank trading begins
• Egypt delays third LNG terminal until electricity needs determined –official
• Saudi Aramco to halt petroleum product shipment to Egypt "until further notice": Egyptian official
• Egypt expects long-awaited IMF funds next week as currency slides
• Egypt's annual urban consumer price inflation eases to 13.6 pct in Oct-CAPMAS
• Egypt's newly floated pound strengthens as funds begin to flow
• IMF says Egypt to get $2.75 bln on Friday if board approves bailout
• Ghana's cocoa purchases totalled 200,000 tonnes in October
• Ghana consumer inflation falls to 15.8 pct in October
• Ghana raises $110 mln via first 10-year domestic bond
• Kenyan income drives KCB Group's 18 percent profit rise
• Global broker Securities Africa opens Kenya office
• Kenya shilling firm, central bank tells dealers will help as needed
• Court asks CBK to meet Imperial Bank owners
• Credit Bank, CPF ink deal to offer mobile-pension plan
• Kenyan share trading set to move towards same-day settlement
• Kenya targets roasting coffee beans to lift earnings
• Air Mauritius Q2 pretax profit more than doubles
• Mauritius central bank holds benchmark rate at 4.0 pct
• Mauritius tourist arrivals jump 19.6 pct year/year in October
• Skye Bank Set to Dispose Foreign Subsidiaries to Ease Pressure on Capital
• Dangote, Duke lament difficult intra- African trade
• Fidelity Bank Restates Commitment to Economic Development
• Moody’s Assigns National Scale Ratings to Seven Nigerian Banks
• Nigeria Population at 182 Million, With Widening Youth Bulge
• W’Bank disburses $7.24bn to Nigeria in five years
• Nigerian security agents raid black market FX dealers to stop slide of naira
• Buhari to launch economic recovery plan next month
• Twiga Bancorp restart work
• Tanzania tops Africa in financial inclusion drive
• Tourism seen booming in Zanzibar
• Dar mulls adding Tanzanite in foreign reserves
• First Quantum keen to grow local businesses
• Zambia starts exporting 100,000 tonnes white maize to Malawi
• National Foods volumes up 11pct in Q1
• Delta H1 revenue down 8pct, fails to remit $30mln in dividends
• Delta, Econet cry foul over foreign payment delays
• Zimbabwe Business Lobby Urges Switch to Rand as Primary Currency
• Month-on-month family basket falls by $1,76
• Cash transactions down 8pct as cash shortages intensify – RBZ data
• Zimbabwe’s Biggest Coal Miner Gets Orders for Fuel From Europe
• Chinamasa seeks informal sector tax