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 inflation unchanged at 2.7 y/y in July
• After IMF deal, Egypt's Sisi says will not hesitate on tough reforms
• Egypt reconsiders grain mega project amid scandal investigation
• Egypt's 2015/16 petroleum subsidy spending down 23 percent
• Egyptian pound stable at regular dollar sale, stronger on black market
• Egypt's telecom regulator to send out final 4G licence terms on Sunday
• Egypt to receive $2 bln deposit from Saudi Arabia
• Ghana to come out of IMF deal with single digit inflation - Mahama
• Ghana state oil firm ready to sell to local refinery
• Ghana says on track to halve budget deficit after IMF deal
• Uchumi bets on Sh1.2bn State funds to stabilise, suspends search for investor
• M-Pesa diaspora cash inflows hit Sh13.1 billion
• KenolKobil and Castrol to build lubricant plant
• Kenya Airways partners to boost route link ups
• Growth of mobile banking boosts Co-op Bank Kenya's earnings
• NIC half-year profit up 2.8pc as bad debts rise to Sh12.5bn
• Kenya must curb borrowing to keep debt affordable, IMF says
• Kenya's finance minister opposes capping of banks' lending rates
• Kenya raises retail fuel prices again
• Aberdeen Sees Opportunity for Kenya to Tap Eurobond Market
• Kenya's central bank warns lenders over misuse of credit bureaus
• Only 8 NSE-listed company stocks rise since January
• Kenyan Treasury Secretary Says Banks Making Too Much Profit
• Malawi's July inflation quickens to 23.5 percent
• Mauritius raises 2016 tourism earnings forecast by 1.8 pct
• Fidelity Bank Gets e-Commerce Platform Licence
• Nestle Nigeria Sees Margins Pressured as Inflation Weighs
• PZ Cussons Shareholders to Receive 50 kobo Dividend Per Share
• Skye Bank Neither Distressed, Liquidated, CBN Insists
• GTBank Posts N91bn Profit, Declares 25kobo Interim Dividend
• Access Bank upgrades payment platform
• SEC Rules Out Crowdfunding in Nigeria for Now
• N80bn unclaimed dividends: Banks, registrars to appoint e-dividend champions- SEC
• Nigeria Seeks $7 Billion to Kick-Start Mining, Steel Industries
• Foreign investors release $14bn for projects in Nigeria
• Nigeria Seeks $7 Billion to Kick-Start Mines, Steel Industry
• Nigeria Imports $227 Million of Sugar From January to July
• Telecoms Operators Fret over Proposed 9% Communication Services Tax
• Naira Depreciates to N321.50/$1 on Interbank FX Market
• Nigeria's Buhari says monetary policy alone not enough to expand economy
• Nigeria oil min says OPEC cuts unlikely, Algeria meeting could help price
• CRDB gets B1 rate from Moody’s
• Shilling stabilizes against dollar
• Six-year 456bn/- rural electricity deal signed
• TIC readies for more investments
• Kwacha trading stable
• Investors Bet Vote Dispute Won’t Derail Zambia’s IMF Bailout
• Zambia central bank postpones quarterly policy meeting
• Zambia, IMF Reach ‘Broad Consensus’ on Deal, Lungu Says
• MBCA profit falls by half in dismal H1
• Caledonia H1 profit doubles as gold price rises
• Insurance sales boost Old Mutual H1 revenue 11pct to $139,7mln
• Delta puts $1,1m into sorghum contract farming
• Old Mutual on course on splitting units
• CBZ Books 3,8% Increase in Bad Loans
• Proplastics H1 revenue drops 11pct on lower prices
• Agribank back in the black, targets $100mln capitalisation
• Zimbabwe's draft mining bill says foreign firms must list locally
• July inflation slides to -1.6 percent
• Tobacco sales reach $580mln
• Government negotiates with banks to fund $500mln command agriculture programme
• Investment traffic falls 70pct, ZIA blames diamond nationalization
• Manufacturing sector capacity utilisation seen flat