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, UAE choose army-linked company to build wheat silos
• Egypt's gas production to rise by 500 mln cubic feet/day by December -minister
• Egypt annual consumer inflation slows to 8.2 pct in May
• Egypt current account deficit narrowed to $232.7 mln at end-March
• Distell Ghana builds bottling plant in Tema.
• Ghana set to issue Voluntary Partnership Agreement licenses
• Gold Fields earmarks US$180m investment this year
• Nestle trains 9,000 farmers to increase yields
• Societe General channels GH¢315m to SMEs
• Shops to close in protest against foreign retailers
• Alltel embarks on multi-million project to create jobs
• Accra Brewery Limited launches Stone Lager
• Banks feel pressured
• Ghana to raise cocoa price high enough to stop smuggling
• World Bank cautions government
• Cocobod to raise cocoa price to stop smuggling
• Ghana central bank funding budget deficit - bank governor
• Poverty levels reducing – ministry of finance
• BoG set to ease foreign exchange restrictions
• Tourism industry to grow by 9.7%
• Rice import ban angers Ivory Coast
• Safaricom braces for opening of M-Pesa to rivals
• Kenya's Centum profit rises, flagship mall progresses
• Security contract gives Safaricom new PR nightmare
• World Bank to advance Kenya Sh350bn for jobs, growth
• Kenyan banks find the going tough in Uganda
• Highest price of top Kenya tea grade dips at latest sale
• Kenyan tea firms' profits slide, weighing on economy
• Kenya sees 20.6 percent lift to GDP in rebase
• Skye Bank Partners Local Councils on Levy Collection
• NNPC Explores Gas Sales Potential in European Market
• Shareholders to Amend ETI’s Articles of Association
• Ecobank Acquires Mozambique Bank
• Nigeria seeks bids for assets of ailing telecom company Nitel
• Shell, Schlumberger, Others Invest $1bn in Snake Island Integrated Free Zone
• Skye Bank Supports Railway Development
• Lafarge Consolidates to Compete Effectively
• BA Launches Next-Gen Account
• Citibank Supports Community Development
• Firm Buys Stake in MTI to Expand Rural Broadband
• CBN May be Compelled to Devalue Naira, RenCap Insists
• Shell Shuts in 40,000bpd Crude Oil Production
• NLNG Generated over $50bn for the Nigerian Economy in 14 Years
• Nigeria to Become a Major Player in Global Food Markets Soon
• Emefiele: CBN Remains Very Independent
• NSE imposes N19.6m fine on Ikeja Hotel, 6 others
• Fixed Price Unlikely, Says Cocoa Association
• SEC Approves AfDB’s N160bn Medium Term Note Programme
• Unit of Australia's Swala Energy says launches Tanzania IPO
• OK Zim eyes US$6m refurbishments
• Zim Alloys shortlists four investors
• MegaPak in drive to improve standards
• OK should improve cost management
• Schweppes acquires Beitbridge Juicing Co
• RTG’s revenue increases
• EcoCash launches diaspora service
• CTC goes after Econet
• Econet to launch a new call centre
• Delta Beverages expands into drinking yoghurt
• EU bank mulls giving loans to Zimbabwe's private sector