Weekly African Footprint: April 29, 2016

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.


Botswana

•  Botswana to appoint two South Korean firms to further expand power plant -report
•  Botswana central bank leaves lending rate unchanged at 6.0 percent

Egypt

•  Egypt's Orascom Telecom posts 2015 net loss of 3.6 bln Egyptian pounds
•  Egypt buys 57,000 tonnes of local wheat since start of season -ministry
•  Egypt tourism revenue down 66 pct in Q1 2016
•  Egypt tourism revenue down 66 pct in Q1 2016
•  Egyptian central bank keeps key interest rates unchanged

Ghana

•  Gov't justifies stability agreement with Goldfields-Ghana
•  Gov't justifies stability agreement with Goldfields-Ghana
•  Gov't justifies stability agreement with Goldfields-Ghana
•  Gov't justifies stability agreement with Goldfields-Ghana
•  Ghana provisional GDP growth at 4.9 pct yr-on-yr in Q4 2015

Kenya

•  Eveready adds to Uchumi woes, saying retailer owes it Sh11m
•  Atlas issues profit warning as restructuring costs bite
•  HF profit up 48pc in first quarter on increased lending
•  Chase Bank workers resume duty ahead of re-opening Wednesday
•  Chase Bank workers resume duty ahead of re-opening Wednesday
•  Kenya Airways gets court order stopping planned strike
•  Lower revenues dip Scangroup earnings
•  State gives Mumias Sugar Sh1.1 billion more
•  Mobile cash deals reach Sh102bn in 3 months
•  Kenya reviews tea taxes to boost main foreign exchange earner
•  M-Pesa reports 27 pc jump in global users to 25 million
•  Kenya Central Bank Sees Brexit as Worst Risk Facing Economy

Nigeria

•  Dangote Cement Sees 2016 Earnings Rising as Sales Increase
•  Access Bank's profit rises by 42% in Q1
•  Access Bank's profit rises by 42% in Q1
•  Nigeria's FBN Holdings sees no need to raise equity after loan losses
•  Nigeria's Dangote Sugar plans $503 mln capital raise by third quarter
•  Lafarge Africa Posts Loss, Falling Sales on Cement Pricing Cuts
•  Lafarge Africa to market $302mln bond to refinance loans
•  Diamond Bank's gross earnings rise to N217b, as profit declines by 77.8%
•  PZ Cussons set to leverage opportunities for increased shareholders' value
•  Access Bank Shareholders Hail Performance, Approve Dividend
•  Fidelity Bank: $115m Cash Deposit was Reported
•  Nigeria's Buhari still against naira devaluation, says has not previously helped
•  Telecoms Industry Stakeholders Demand Review of FG's Fiscal, Monetary Policies
•  Nigeria to meet repayment to bondholders for cash-strapped states
•  SEC seeks assistance of law enforcement agencies to deal with infractions
•  SEC seeks assistance of law enforcement agencies to deal with infractions
•  World Bank and Nigerian president discuss the country's economic crisis

Tanzania

•  Banks to collect LGAs taxes
•  CRDB sets aside 1bn/- for e-payment campaign

Zambia

•  IMF to supervise Zambia's 2017 national budget
•  Zambia to start live bond, derivatives trading
•  Zambia's Kwacha Seen Rebounding After Sliding 3% Against Dollar

Zimbabwe

•  Zambia's Kwacha Seen Rebounding After Sliding 3% Against Dollar
•  Zimplats reports $6,7mln profit in Q3
•  BAT says volumes down on weak demand
•  Pick n Pay reaps rich rewards from Zimbabwe associate on strong currency
•  Mimosa PGM output up 6pct in Q1
•  Delta puts $4mln into sorghum contract farming
•  CBZ reports $37m turnover in Q1
•  Zimbabwe to present new IMF financing programme by November
•  AfDB approves $25m credit line for CABS
•  Zimbabwe targets BRICS for new investment .

contacts
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  • Nigeria +234 (1) 342 9185

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