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 leaves interest rate unchanged at 7.5 percent
• Amoun Pharma Said to Consider IPO as Alternative to Sale
• Egypt's Qalaa Holdings Q1 net loss widens by 7 pct
• Egypt's Pioneers Holding posts 55 pct rise in Q2 net profit
• Markets look lacklustre; EFG Hermes Q2 could boost Egypt
• Egypt tourism revenue drops by 24.7 pct
• Egypt upbeat as foreign funds buy in; oil prices weak
• StanChart presents National Payment Strategy to BoG
• Regency Alliance sees tough times ahead
• Ghana company launches country's first 4G data network
• Stop charging high interest rates – BoG tells MFIs
• Ghana’s economic growth is enviable - World Bank
• Kenya Re targets southern Africa with Zambia office
• Umeme raises dividend pay despite 20pc drop in profit
• Safaricom opens talks with Vodafone on M-Pesa license fees
• Fleet financing pushes up KQ debt to Sh89bn
• Kenyan financial firm Britam's half-year profit leaps 31 pct
• Britam taps NSSF executives to grow management unit
• Nakumatt targets NSE, Dar and Kampala listings
• Kenya's KenolKobil H1 pretax profit jumps 299 pct on cost cuts
• Kenya's TransCentury swings to H1 loss after sale of railway stake
• NIC seeks Sh4.8bn from World Bank arm
• Banks record half year bond losses on high T-bill rates
• NIC Bank launches Sh3bn bond
• Kenya's Limuru Tea 1st-half profit drops 42 pct on weaker prices
• Kenyan shilling eases against dollar, central bank action eyed
• Surge in Chinese visitors lifts Mauritius H1 tourism earnings
• Mauritius trade deficit widens 23 pct in June
• International Breweries Q1 profit surges 32.46%
• Oando posts 20% increase in oil production H1 2014
• Continental Re strengthens local capacity for more expansion
• Nigeria naira unchanged as dealers expect oil firm dollar sales
• Dangote Cement Posts N95bn Profit in Six Months
• Conoil Profit Surges by 298%
• FEC Approves N31.2bn for Electricity Contract
• CBN: ATM Withdrawal Charges Will Increase Competition among Banks
• Dangote Cement Records Marginal Increase in Operating Profit
• Nigeria's GT Bank H1 profit down 7 pct, shares fall
• Nigeria's foreign debt at $9.38 bln, up 40 pct from last year
• Investment Inflows to Nigeria Decline 42% to $2.86bn
• Nigeria May Lose $2 Billion to Ebola
• NMB mulls extending loans in mining, oil & sector
• Government Urges China to Increase Investments in Tanzania
• Ecobank sinks $120m into Zimbabwe
• Delta injects $13m on key ingredients
• Ecobank continues to support Zim economic growth
• PPC volumes expected to grow
• Seed Co to offload 60pc of Quton
• Implats stops production at Zimbabwe mine after underground fall
• Fight insurance fraud, sector urged
• Zim imports 121 000mt of GM maize
• Reprieve for companies as Zim slips out of deflation