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.
• Gem Diamonds to sell first Botswana diamonds in February
• Botswana mining output jumps 16.7 pct year-on-year in Q1
• BP awarded 2 exploration blocks in Egypt
• Shareholders with 56 pct of Egypt's Bisco Misr agree to sell
• OCI to spin off construction business and list in Egypt, UAE
• Egypt's main index starts November in green
• Egypt's grain hub plan to be finished sooner, for LE2 bn more
• Investment Minister promises reform by 2015; calls for 'fight' against tax hikes
• Egypt signs $350 mln in oil, power financing deals with Saudi
• Growth in Egyptian business activity slows in October PMI
• Nassef Sawiris says will ramp up Egypt investment after tax victory
• NASDAQ Dubai to promote Egyptian firms' dual listings
• Izwe Loans Issues Ghanas First Corporate Bond Since 2007
• CAL Bank posts impressive Q3 results
• ING Mulls Selling Ghana Debt as Vote Risks IMF Targets
• CSD marks decade of excellence
• Banks record profits despite harsh economic conditions
• Interest rates on T-bills still high despite cedi stability
• Microsoft increases investment in Ghana with new experiential Zone
• Ban on rice import will cause shortage Rice Dealers
• Kenya Proposes Scrapping Foreign Investors Caps on Stocks
• Bata aims to stamp footprint with 25 more stores
• Uchumi acquires Dar supermarket in growth drive
• MoneyGram, M-Pesa tie up for diaspora cash transfers
• Safaricom now sets a new half-year profits record
• Farmers in a tight corner as maize price hits Sh1300 a bag
• Kenya inflation falls to 6.43 percent in October
• Kenyan shilling under pressure after weekend attacks
• Kenya secures funds to upgrade Mombasa airport from French agency
• Price of Kenya's benchmark coffee grade rises at auction
• Kenyan shilling falls to new 3-year low, central bank action eyed
• Malawi central bank lifts benchmark lending rate to 25 percent
• Mauritius year-on-year inflation rate at 1.9 pct in October
• Dangote Cement Delays Sierra Leone Expansion Due to Ebola
• Nigerian fuel marketer Conoil's 9-month pretax profit drops 32 pct
• Nigeria's Dangote Cement 9-month pretax profit rises 1.5 pct
• Nigeria's Dangote Sugar 9-month profit falls 9.3 pct
• Transcorp Posts N9.7bn Profit in Nine Months
• Shareholders Set to Approve NB Plc, Consolidated Breweries Merger
• Seplat Seeks to Acquire Nigerian Gas Assets
• Guinness Plcs Profit Before Tax Rises 6% in Q1
• Samsung Attains Seventh Position in Global Brand Ranking
• Data Connectivity Boosts Airtels Profit
• Nigeria Stocks Slide, Ousting Zimbabwe as Africas Worst
• Naira Falls to Record Low as Stocks Fall Most in World
• Nigeria to Borrow Almost $1 Billion From World Bank Unit
• CBN restricts dollar sales to some importers as naira sinks
• Naira Falls on Reduced Dollar Inflow
• Nigeria's Cement Output to Hit over 35m Metric Tonnes Yearly
• 43,000 Tonnes of Petrol Arrive Lagos
• Tanzania cuts fuel prices after import costs fall
• Zambia postpones interest rate-setting meeting
• Investor Snaps US$2m SeedCo Shares
• Mimosa lines up $40m expansion project in next five years
• ZSE Record Worst Trading Since January
• Internet Business In Zim Worth US$500 Million
• Do Conglomerates Still Have Space In Zim?
• Zim moves to mend relations
• Zimbabwe considers removal of tax on locally polished diamonds