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.
• Egyptian tycoon Sawiris to buy into German travel group FTI
• Talaat Moustafa posts 7.2% increase in 2013 net profit
• Egypt watchdog allows investment funds to manage insurers’ cash
• Egypt lifts ban on brokerage firms trading foreign stocks
• Egypt tries harder to stop energy firm exodus
• Gov't moves to improve economic data
• Ghana loses USD 70m in oil and gas sector
• Ghana’s foreign investor confidence soars – SG Chairman
• KenGen to raise KES 30bn for expansion : CEO
• Safaricom, Airtel seek to buy Kenyan rival Essar's Yu
• Kenya's Pan Africa Insurance posts 82 pct rise in full-year profit
• Majority shareholder ups offer to buy rest of Kenya's Rea Vipingo
• KCB holds Sh4.2bn from shareholders to meet loan rules
• Bamburi Cement's year profit down 23 pct
• Kenya central bank holds key lending rate at 8.5%
• Kenya’s market overhaul eyes Islamic finance framework
• Kenya central bank says in market to mop up 9 bln shillings
• Lafarge invests Euro 1bn in cement production
• Ecobank Investors Pull Interim Board as Governance Plan Approved
• Transcorp records N18.8b turnover
• FCMB, 13 Other Lenders Pool $1bn to Finance 450MW Azura-Edo IPP
• Dangote to Build $600m Cement Factory in Kenya
• Glencore interested in buying Shell assets in Nigeria
• Fitch affirms Zenith, FBN Holding, 8 others’ ratings
• Transcorp’s pretax profits soar by 128.13 percent on lower costs, improved efficiency
• ETI Board Meets Next Week to Plan Strategy
• AFDB approves USD 30m loan for rehabilitation of Oku Lboku Paper Mill
• Nigeria to accept bids for 10 power plants on March 7
• CBN to liquidate 83 microfinance banks
• Foreign investors reduce exposure to Nigeria risk
• Nigeria to sell 90 bln naira in 3-, 10-year bonds
• Tanzania gold earnings fall in 2013: central bank
• Tanzania raises petrol, cuts diesel, kerosene prices
• Zambia central bank raises benchmark rate by 50bps to 10.25%
• Bank of Zambia acts to save the falling Kwacha
• Zambia signs a $41 million dollars loan from china repayable in 20 years
• Cairns seeks USD 8m for recapitalisation
• Zimswitch, Steward Bank break impasse
• Art Holdings turnover drops
• Olivine seeks USD 32m funding
• African Sun to reduce debt
• CABS to lend USD 100m for mortgage financing
• Mwana share price rises
• Nicoz Diamond invests US$1,2m in Mozambique
• Larfage aims for sales growth
• Innscor bakery sales drop 10%
• Turkey investors keen on Zimbabwe
• India, Zimbabwe sign MoU
• Banks start opening yen, yuan accounts
• Zimbabwe needs trade reforms: World Bank
• Zimbabwe says its only reserves are $500,000 in gold coins
• EU launches $28m agriculture projects in Zimbabwe