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 to hold treasury bill auctions before Eid holiday, bonds after
• Egypt to lower customs exchange rate to 16 pounds from Sept. 1
• Egypt signs oil and gas exploration deals with Shell, Apex
• Egypt's growth rises, foreign debt and investment surge
• Egypt's M2 money supply up 38.74 pct year-on-year in July
• Stock Exchange suspends trading for five companies
• Ghana Banks on IMF's Backing as Country Chases Ambitious Growth
• GSE lifts suspension in trading of CLYD and TRANSOL shares
• Ghana meets IMF to finalize exit
• Bamburi cuts dividend payout by half as net profit dips 36pc
• Safaricom hit hardest as telcos pay Sh312m penalty for poor calls
• EABL shareholders to vote on proposal for directors pay rise
• DTB’s earnings dip 5.78 per cent on lower interest income
• Jubilee Holdings six-month net profit rises 19pc
• StanChart half year profit dips 34pc on rate cap
• Kenya Power billed for idle wind farm
• EABL prices Sh11bn parent loan on old bankers’ formula
• Co-op Bank overtakes Equity in loans issued
• StanChart sets aside Sh10bn for unsecured loans
• Listed banks return up on ‘cap review’ expectation
• Kenya central bank extends sale of five-year Treasury bond
• Huge debt aside, economy will grow, say experts
• Pension funds raise investment in equities to 21.5pc
• SEC, NSE approve International Breweries, two others merger
• Nigeria's UBA makes provision on loans to 9mobile
• Stanbic IBTC Group Reports 113 % Growth in Profit to N24bn 36%
• Allianz buys Nigerian insurer in African push
• Nigeria's Access Bank takes impairment on 9mobile loan
• Fidelity Bank Grows Profit after Tax by 66% to N9bn in Six Months
• Insurance stocks: Operators, NSE move to attract investors
• Nigerian annual inflation slows in July to 16.05 pct, food inflation soars
• CBN Injects Additional $250m into Forex Market
• Nigeria’s External Debt May Hit N6.31tn in 2018
• New mobile bank platform to boost financial inclusion
• T-bill bounces back to oversubscription
• Zambian president tells Glencore unit to accept new power prices
• Zambia's CEC to restore full power to Glencore's Mopani Copper Mines
• Zambia's improving growth gets modest ratings nod from S&P
• Hwange pins hope on Zisco deal
• Datlabs back in the black, propels SA parent firm’s FY profits
• Mimosa HY output doubles to 60, 000oz
• Gold set to make economy self-sufficient
• Zimbabwe banks pile up on government paper as private sector gets squeezed out
• Gains in heavyweights propel ZSE
• Chinese firm R&F to invest $1 billion in latest bid to revive Ziscosteel
• Pensions register $112 mln income in Q1, assets at $3 bln- IPEC
• Zimbabwe’s trade deficit narrows to $1,2 bln in 7 months