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's Oriental Weavers to issue dividend of 0.5 pounds per share
• Egypt's exchange bureaus investigated for hoarding dollars
• Egypt's non-oil business activity slows for sixth month in a row
• Saudi businessmen investing $4 billion in projects in Egypt
• Egypt's central bank to sell $120 mln in additional auction
• Access Bank posts growth
• Ecobank rules out lending cuts over defaults in loans repayment
• Cedi Q1 performance breaks poor cycle
• Ghana presidency appoints Issahaku as new central bank governor
• Mineral Exports Yield $4.516bn
• Kenya Airways' Low-Cost Carrier to Expand With Regional Routes
• Kenyan bank CFC Stanbic raises $135 mln dual tranche loan
• Six banks struggle to achieve profitability
• Kenya's central bank puts Chase Bank Ltd under receivership
• Tough call as rivals cut Safaricom market lead
• Africa watches as Kenya prepares to test Eurobond waters
• Kenya's PMI falls to 52.6 percent in March-Market
• Kenyan Cenbank governor says commercial bank lending rates still need to fall
• Kenya's central bank puts Chase Bank Ltd under receivership
• Kenyan shilling weakens on concerns over banking sector
• Mauritius offers 20-year bond worth 1.5 bln rupees
• Mauritius offers 20-year bond worth 1.5 bln rupees
• Mauritius inflation at 0.9 pct in year to march
• Ecobank Drags Honeywell to Supreme Court
• Nigeria's Access Bank seeks approval for $500 mln debt sale
• Orange to invest in Nigerian e-commerce group Africa Internet
• Nigeria's Buhari to sign loan deal from China during visit next week
• GTB, Zenith Bank Pay N110bn in Naira Rain to Shareholders
• Nigeria's oil company offers to discuss revenue retention claims - NRGI
• N179b treasury bills' maturity, forex bid refunds crash lending rates
• Market Sheds N1.1tn in Three Months on Bleeding Banking Stocks
• Nigerian MPs submit budget to president, blame delay on government
• Nigeria targets sale of 40 percent of new state oil firm: draft bill
• Nigeria gets $200 mln from oil majors to help pay fuel imports: NNPC
• Tanzania tax tribunal orders Acacia to pay $41.3 mln
• DSE self-listing around the corner
• Tanzania to increase its 2016/17 budget spending by almost a third
• Tbills yields decline despite oversubscription
• Zanaco's securities investment dwindles
• Puma records drop in 2015 revenue
• Zambia's kwacha gains 1.6 pct as copper ticks higher
• Zambian government in talks with mining firms over power prices
• Zambian kwacha rallies to 7-month high after Moody's cheers Glencore investment
• African Sun reports $8,3 mln loss as revenue dips
• RTG recovers to $1 mln operating profit, EBITDA up 300pct
• Hwange posts $115m loss
• Hwange shortlists potential partners for new concessions
• Potraz says Econet biggest contributor to telecomms fund, scorns talk of state firms not contributing
• Steward Bank gets $15 million loan facility for SME lending
• Hwange Colliery to cull top management, workforce after $115mln FY loss
• Blanket Mine Q1 gold production up 9pct to 307kg
• NSSA eyes 40pc stake in Telecel
• Zimbabwe minister says banks have credible plans to sell stakes to locals
• Banks weather storms, notch combined $128 million FY 2015 profit
• RBZ says high rate of defaults threaten micro-financiers
• Exports fall 15 percent in 2015