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 urban inflation falls in March for third consecutive month
• Egypt to cut fuel subsidies as gov't seeks to reduce deficit
• World Bank set to provide Egypt with first $1 billion of $3 billion loan
• World Bank set to provide Egypt with first $1 billion of $3 billion loan
• Bank of Ghana governor plans to fight inflation, boost growth
• Cedi stability boosts mortgage market confidence
• National Bank under microscope as Kenya steps up sector clean-up
• Kenya's KCB Open to Banking Deals After Third Lender Collapses
• Airtel seeks agents to build mobile money clout
• Kenya central bank to help banks that face liquidity pressure
• Kenya says to get $600 mln from China to help fund 2015/16 deficit
• IMF defends negative interest rates despite risks
• Kenya's Eurobond may suffer from emerging markets gloom
• Kenya seeks more private investment in public infrastructure plans
• Kenya Says in Final Stages of Arranging $600 Million China Loan
• Kenya central bank evaluating offers for Chase Bank after closure
• Malawi's economy grew 3 percent in 2015, seen at 5.1 percent in 2016
• Malawi declares national disaster after drought as food shortage looms
• Mauritius says tourist arrivals up 12.5 pct in Q1
• Dangote commences work on Okpella cement plant
• PZ Cussons Pays 70% Premium for Dollars in Nigeria on Shortage
• Dangote Industries Limited Repositions Flour Subsidiary to Deliver Value to Stakeholders
• Nigeria considers selling Chinese Panda bonds
• Nigeria's Oil Production Rises Marginally
• Nigeria wants to boost non-oil income by 87 pct to offset oil slump
• Nigerian stocks down after MSCI says could remove Nigeria from frontier index
• Nigeria agrees currency swap with China to shore up naira, help fund deficit
• Nigeria's inflation rises to almost 4-year high in March
• Nigeria LNG pays N10.9tr to Government, JV, shareholders
• World Bank Ranks Nigeria Low on Ease of Doing Business
• Postal Bank profit climbs 17 per cent
• Tanga Cement profit declines
• Acacia Mining to pay $20m in corporate tax in 2016
• Bank M Q1 profit increases
• AccessBank injects 8bn/- extra capital
• AccessBank injects 8bn/- extra capital
• Bakers Inn eyes regional markets
• Seed Co introduces new fast growing varieties
• Zimbabwe completes $40 mln purchase of Vimpelcom's local unit
• Delta's 1Q revenue drops 6 percent
• Choppies Zimbabwe to build massive warehouse in Bulawayo
• Zimbabwe imports $263 million cash since January but shortages persist
• ZSE market cap down 14 percent to $2, 6bln in Q1 on weak investor sentiment
• Zimbabwe's Mugabe says empowerment law confusing investors