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 Pharos Holding targets deals worth about 7.5 bln EGP within 18 months: CEO
• Egypt's tourism revenues rise 170 pct in first seven months of 2017
• Egypt signs memo with China on $739 mln of funding for new train to capital, minister says
• Egypt's non-oil business activity contraction slows slightly
• MTN Ghana invests US$144.5 million to expand operations
• IMF bailout extension gives comfort to the market – RMB Research
• IMF praises BoG over UT, Capital takeover
• Ghana 2016-17 cocoa purchases hit at least 940,000 T by end Aug
• KCB set to auction 119 defaulters’ vehicles
• KQ to restore employee share scheme at annual meeting
• Safaricom stake sale pushes local deals to Sh300 billion
• Cash-starved ARM plans to sell stake
• Sanlam set to sell iconic CBD office for Sh460 million
• Kenya Airways falls short on debt terms
• Kenya Airways in Sh2.6bn plane sub-lease losses
• Kenyan Growth Jitters Rekindled as Court Orders Ballot Rerun
• Investors show less interest in short-term T-bill
• Electricity prices surge to 6-year high on forex levy
• Kenya Will Hold Rerun of Presidential Election on October 17
• Raila Odinga rejects date for repeat presidential poll
• Kenya's private sector activity plunges amid election uncertainty: PMI
• Bad loans rise to 9.91pc as banks see further increase
• East Africa leads SWIFT global deals growth
• Election blues costing us Sh75m a day, say matatus
• Kenyan Electoral Body Chairman Asks CEO to Explain Vote Failures
• Kenyan shilling strengthens to highest level since March 2017
• Guinness rebounds, grows profit by 16%
• SEC clears Oando, approves planned AGM
• ETI Secures $250m Loan Facility to Boost Operations
• FirstBank Partners Visa on Mobile Payment Solution
• PZ Cussons Grows Profit to N3.8bn, to Pay N1.9bn in Dividends
• SEC discards investors’ petition against Oando
• Anxiety Grips Investors as More Companies Opt for Voluntary Delisting
• Nigeria's economy emerges from recession in second quarter, stats office says
• CBN Injects $250m in Forex Market
• Nigerian Sovereign Wealth Fund Grows to $2 Billion, CEO Says
• Telecoms sector adds N1.5tn to GDP, says NCC
• Acacia to reduce Tanzania operations, cut jobs
• Orca posts encouraging results in H1
• Tanzania raises petrol, diesel prices, kerosene edges down
• Tanzania Leader Asks Ministers Named in Mine Probe to Quit
• Metallon restructures, makes mines stand alone operations
• TelOne legacy grows to $374mln
• Tobacco export earnings up 13pc
• ZSE reaches new high in August
• Zimbabwe heading towards de-dollarisation
• ZPC seeks to set up three 100MW solar power plants
• Zimbabwe maize seed demand up 50pct, says official
• Afdis leads ZSE gains Zimbabwe retailers tell c/bank food shortages likely as cash crunch bites
• Zimbabwe earns $3,2bln forex in 8 months
• Zimbabwe platinum output falls 13pct in Q2
• Zimbabwe businesses warn Mugabe growing deficit could destabilise banks
• Zimbabwe to begin offshore dividend repatriation next month
• Microfinance institutions to lobby RBZ for higher interest charges