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.
• Barclays Egypt to open new branches, expects profits to grow
• Egypt targets 11 pct budget deficit in fiscal 2014/15
• Power cuts biggest hurdle to investment in Egypt -minister
• Egypt expects $425 mln from Islamic Development Bank, for refinery, airport
• Egypt, Qatar edge up; UAE markets slip
• Egypt tourism could fully recover by end 2015 if stability persists: minister
• Egypt's GDP growth reaches 3.5 pct in Q4 of 2013/14 fiscal year -fin min
• Egypt to buy 65% of oil product imports from UAE
• CAL Bank eyes unbanked sector
• Bank of Ghana committee likely to hold policy rate
• Ghana starts talks with IMF with public sector reform on agenda
• Bank of Ghana Keeps Benchmark Rate at 19% as Cedi Stabilizes
• Cut in supply of Nigeria gas to Ghana could hurt economy
• Safaricom shareholders approve Sh7bn yuMobile buyout
• Kenya banks look to another year of super profits
• Top shareholders support NIC Bank Sh2bn issue
• Nakumatt to open at Donholm
• Kenya cuts pump price of petrol, diesel after import costs fall
• Kenya's president approves 5 pct capital gains tax
• Kenya central bank says in market to mop up 10 bln shillings
• Price of top-grade Kenya tea up at latest auction
• Kenyan Shilling Gains After Central Bank Says Reserves at Record
• Foreign investment in Mauritius jumps, real estate gets most
• With 23.5% Stake, QNB is Now Largest Shareholder in ETI
• Lafarge Africa Completes Acquisition of Lafarge South Africa, Others
• Access Bank Plans N68bn Rights Issue
• Stanbic IBTC Opens IPO for N1bn Exchange Traded Fund
• Access Bank to raise N68bn in rights issue
• Niger Delta Exploration to Raise $450m through Public Offer
• Nigeria inflation rises for sixth month to 8.5 pct in Aug - Stats Office
• Nigeria Concludes Two-year Strategy to Raise Trade with Asia to $80bn
• Nigeria Mulls $20 Billion Offers to Sell Transmission Assets
• Total resumes $2.5 bln Nigerian deepwater oil field sale
• NSE Places Access Bank Shares on Technical Suspension
• Monthly Oil Revenue Declines Further to N601.64 in August
• Nigerian Minister Says Cocoa Crop to More Than Double
• Nigeria's oil savings account at $4.1 bln as at Sept. 16
• Nigeria oil union strike not affecting exports-Shell
• FG Renews Plan to Establish National Carrier
• Tanzania receives $565 mln financing to expand port
• Tanzania signs gas deal with France's Maurel & Prom and partners
• Tanzania plans to lift gold output at state-owned mine
• Zambia, Zimbabwe mobilise $280 mln for Kariba dam repairs
• Delta slashes beer prices
• National Foods posts solid results
• U.S $3 Billion Project Commissioned
• Inflation Heads Southward, Again
• World Bank approves establishment of private sector development fund
• Zimbabwe cuts royalty on gold to boost production
• Russia says Alrosa prospecting for Zimbabwe diamonds
• IMF Team Arrives in Zimbabwe
• Shanghai Electric-led Chinese JV plans 1,200MW Zimbabwe power plant