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.
• Dubai's Arabtec says to float unit's shares in Egypt
• Egypt's Suez Canal revenues rise 8.9% in April Y-O-Y
• Egypt business activity shrinks in May: PMI
• Egypt foreign reserves dip to $17.284 bln at end-May
• TECNO wins Smart Phone of the Year award
• Gold Fields Ghana wins Platinum
• Oil production is raising cost of living
• Employment Ministry to establish Maritime Labour Unit
• Gov't targets up to $5bn in foreign direct investments
• Trade Minister inaugurates GIPC Board
• KCB seeks to grow customer numbers by three million
• Nation Media to install Sh1.5bn press mid next year
• Co-op Bank eyes Ethiopia joint venture
• Equity woos clients with phone loans in mobile banking bid
• KCB set for Sh2.2bn system upgrade
• Inflation rise to six-month high signals increase in interest rate
• Firms plan Sh50bn cash calls on rising business confidence
• Kenya pays Sh1.2bn in syndicated loan interest to local banks
• Kenya imposes new rules to rein in commercial loan costs
• Kenya starts marketing Sh135 billion Eurobond
• Kenyan economy to expand 6.4 pct in 2015: Eurobond document
• Kenya coffee prices ease at latest sale
• Mauritius inflation rate at 3.40 pct in year to May
• First Bank Concludes Acquisition of ICB Financial Group
• Access Bank Mulls London Stock Exchange Listing
• Ecobank Partners FG, Akwa Ibom on MDGs Fund
• GTBank Launches e-Commerce Portal for SMEs
• Skye Bank Rewards Shareholders
• Dangote Sugar Boosts Products Distribution with 380 New Trucks
• Lafarge dedicates N1.3bn to provide affordable housing for low income earners
• Helios invests N8bn to acquire stake in ARM Pension
• Lafarge Seeks Merger to Rival Dangote Cement
• UPDC Shareholders Get Dividend, Bonus Shares
• Skye Bank Set to Boost Cashless Policy with New Solution
• Diamond Bank Upgrades Mobile Application
• Guinness Nigeria Partners Health Ministry on Responsible Drinking
• Naira Appreciates on Dollar Inflow from Oil Firms
• Foreign Investors Pick Interest in A’Ibom Sea Port
• Nigeria's new central bank chief starts work, naira in focus
• Rebased GDP: Capturing true contribution of insurance sector to the economy
• New Nigeria central bank chief flags lower interest rate goal
• Tigo Tanzania adds 1 million mobile money users, eyes further growth
• Zimplats to refurbish base metals refinery
• Delta to upgrade its plant, machinery
• Mashonaland Holdings Limited records 28% decline
• Barclays to raise US$100m for business
• Willdale rights offer raises $3,2 million
• Innscor to invest $24m in production lines
• Lafarge to ramp-up production
• Cheap imports take toll on Natfood’s volumes
• PPC domestic sales decline
• Reserve Bank cancels Capital Bank licence
• European Investment Bank delegation expected in Zim