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.
• Kuwait Energy announces new oil discovery in Egypt
• Telecom Egypt declares LE 0.2/share payout
• 3 local energy-related firms to list on Egypt stock exchange
• Egypt-based Sawari Ventures to close $50 mln fund to new investors by year-end
• Egypts MIDOR signs $1.4 bn deal to expand refinery
• Kuwait fund to lend Egypt $1.5 bln over next five years
• Egypt's foreign reserves fall to $15.291 bln: c. bank
• Moody's upgrades Egypt's credit rating to B3
• Egypt's urban consumer inflation rises to 11.5 pct in March
• Ecobank Ghana consolidates top spot
• First tranche of IMF bailout to greatly stabilise cedi
• Ghana Targets 1.2 Million Tonnes Of Cocoa This Year
• Ghana's main oil refinery says shuts down due to breakdown
• Ghanas GNPC Cuts Borrowing Plan in Half on Oil Price
• Ghana oil refinery breakdown a symbol of economic woes
• China firm buys Sh6.4bn stake in Centum project
• Investor demand for EABLs bond surpasses target with Sh9bn bids
• Kenya's Limuru Tea 2014 pretax profit falls 95 on lower prices
• Kenya's Home Afrika says 2014 profit to fall by a quarter
• Kenya sells $260 mln of 12-yr infrastructure bond at extended sale
• Kenyan shilling steady, traders wary of central bank intervention
• Mauritius keeps repo rate unchanged, sees inflation steady
• Dangote, Saipem, seal joint venture agreement in Central, West Africa
• Bonus Shares Lift Forte Oil Market Capitalisation to N280bn
• Nigeria's Transnational Corp. says 2014 pretax profit down 14 pct
• UBA Lists N30.5bn Bond Issue on NSE, FMDQ
• FBN Holdings Posts N83bn Profit, Gives Dividend, Bonus
• Nigeria's Unity Bank says Q1 pretax profit rises 35 pct
• Stanbic IBTC Secures $90m Credit Line from FMO
• Nigerias Post Election Bond Rally Stalls on Naira Concern
• Nigerian Stocks Retreat as Oil Adds to Naira Devaluation Chances
• NMB, Airtel partner on mobile money service
• Tanzania inflation rises slightly to 4.3 pct in March
• Lafarge Sees Beyond Rival Dangotes Zambia Entry to Congo Demand
• Zambia cabinet to present changes to mining royalties on Monday
• Faltering economy hits ZSE
• Zimbabwe, South Africa Sign 3 Landmark Deals
• High production costs suffocate Zim firms