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.
• Pioneers to buy Arab Dairy in $35 mln deal
• Egypt's foreign reserves up in August to $16.836 bln
• Foreign investment in Egypt doubles to over $6 bln in 2013/14
• Egypt core inflation rises to 10.07 pct in August
• Egypt signs $500 mln World Bank gas loan
• FirstRand on track to open bank in Ghana
• Ghana To Seek Fiscal Balance, Economic Reforms At IMF Talks
• SEC courts VRA to capital market
• Ghanas Benchmark Dollar Bond Pricier Than Ivory Coasts
• Ghana annual inflation rises to 15.9 pct in August:
• Ghana sells $1 bln Eurobond at less-than-expected rate of 8.125 pct
• Ghana's Cocobod says signs $1.7 bln loan for 2014-15 cocoa season
• NIC Bank Boosts Offer as Investors Seek Kenyan Corporate Bonds
• Kenya's Uchumi Supermarkets full year pretax profit falls 7 pct
• Kenya's Mumias Sugar warns of wider annual loss
• Kenya's Mumias Sugar full-year loss widens on lower prices
• Kenyan shilling steady, might strengthen with central bank help
• Kenya central bank in the market to mop up 8 bln shillings
• Nairobi Securities Exchange Shares Almost Double in Kenya Debut
• Yield on Kenya's 364-day treasury bills falls to 10.163 pct
• Flour Mills proposes N5bn dividend, invests N40bn
• Ecobank Seals $20m Facility with Brazilian Devt Bank
• Airtel to Sell Africa Towers to Eaton
• Cadbury Nigeria's FY14 HEPS Forecast Lowered to N1.75
• Guinness Announces N109bn Revenue, Recommends N5bn Dividend
• Dubai builds West Africa ties with $300m Dangote Cement stake
• Lafarge Africa acquires 1.312 billion Ashaka Cement shares
• Diamond Bank Opens Retail Banking Branch
• Access Bank Remains on Target
• Nigeria's AMCON chooses HISL as buyer for nationalised lender Enterprise
• CBN May Raise Private Sector CRR to 18%
• FRC: SEC, NPA Failed to Remit N28bn Surplus
• Nigeria-India Trade Hits $19.5 Billion
• Nigeria economy picks up on non-oil sector growth
• Tanzania tax body shelves plans to review mining, gas contracts
• Economy grows by 7.4 pct in three months this year
• Agribank narrows losses, eyes $4m capital uplift
• Choppies to open four more supermarkets
• Old Mutual Zimbabwe profits reach $33m
• Innscor Africa breaches US$1bln revenue mark
• Econet to partner Zimbabwe govt to improve economy
• CSD goes live, eyes American pension funds
• Banking sector turning to mobile banking, e-commerce
• Belgium largest tobacco export market for Zimbabwe
• Zimbabwe says pays $180 mln to service Chinese loans
• Zimbabwes Finance Minister Cuts Revenue Target as Growth Slows
• Zimbabwe taxes mobile phones, call time to boost state coffers