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.
• Orascom Construction suspends tax payment to Egypt
• Egypt aims to buy 4m tones of local wheat
• Egypt c.bank leaves key overnight rates on hold
• Drop in Ghana’s currency spurs cocoa smuggling to Ivory Coast
• Ghana 91-day bill yield rises to 19.4085%
• Ghana Will Allow Trading in Chinese Yuan This Year, Wampah Says
• Ghana Bourse Sees 3 Listings Lured to Africa’s Best 2013 Rally
• Ghana consumer inflation rises to 13.5 pct in December
• GSE targets six listings in 2014
• Britam of Kenya Is Said to Plan Acquisition of Money Manager
• Tullow ups Kenya oil estimates after two more discoveries
• KenGen targets Sh15bn in rights issue for growth
• Mumias eyes cost-cutting to reverse Sh1.6bn loss
• Kenya's KCB bank will continue operations in conflict-hit South Sudan
• Kenya shilling gains against the dollar
• Kenya shilling holds steady, debt inflows eyed
• Economic recovery helps boost Kenyan tax revenue
• Kenya keeps interest rates on hold again, says inflation stable
• Top price of highest grade tea rises at Kenyan auction
• Top price of benchmark Kenyan coffee slides at auction
• World Bank sees higher price for Kenya Eurobond
• Kenyan GDP growth seen at 5.8 pct in 2014
• Kenya edges towards oil production, hurdles remain
• Mauritius 273 Day treasury bills yield falls at auction
• Oando lead gainers on investors renewed demand
• Oando Says It Raises $1.6 Billion for Conoco Assets Acquisition
• Ecobank Moves to Strengthen Corporate Governance
• Five Dangote’s cement plants to be completed in 2014
• Six banks maintain market dominance
• Nigeria inflation edges higher to 8% y/y in December
• First Equity Exchange traded Fund gets approval
• NSE to protect investors via surveillance programme
• Dangote cement operations to strengthen ties
• State approves quoting ZSIC on LuSE
• Zambia in $115m irrigation boost
• Kwacha shows signs of appreciation
• Zambia Hires Deutsche Bank, Barclays for Planned Second Eurobond
• Zambia 2013 copper production rises to 915,773 tonnes
• New Zambia constitution curbs president
• Rand volatility affects Kwacha performance
• TSL to acquire premier forklifts
• Africa Sun to finalise debt restructuring
• Innscor courts Mauritian funding
• ZB merger at advanced stage
• Willdale suspends talks with Chinese investor
• Afdis concludes rights issue
• Another USD 5m earmarked for legislators
• Zimbabwe mining royalties, dividends to fund new SWF
• Tobacco to ease liquidity crunch
• Probe on listed firms continues
• Zimbabwe economy to grow 4.2 pct in 2014
• Zimbabwe inflation slows to 0.33% y/y in December
• Institutional investors turn to money market