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.
• Bank Profits in Botswana Drop 32% on Tight Margins, Frozen Fees
• Egypt's EFG-Hermes Leasing seeks Islamic credit line from Gulf lender
• Egypt expects to start power output from 1st nuclear reactor by 2024
• Egypt's stock exchange will allow ten companies to delay IPOs -MENA
• Egypt targets 5-5.5% growth, 9- 9.5% budget deficit in 2016/17: Ministry
• Egypt M2 money supply up 19.6 pct in October: Central bank
• Egypt's central bank to keep pound stable at 7.7301 pounds on Thursday
• Kenya Airways unable to pay its employees
• Emergency power generation earns KenGen Sh24.9m
• Kenyan Authority to Reimburse Most Imperial Bank Depositors
• Kenya's inflation up in November due to food price rises
• Kenyan shilling holds steady, seen range bound
• Kenyan prosecutor investigating Eurobond spending
• Foreign investment in Kenya falls 37 per cent to Sh225 billion
• Kenya central bank governor sees inflation starting to fall
• Kenya's tea agency signs $55 million deal to build small hydro dams
• Kenya seeks bidders for five state-owned sugar companies
• Treasury accounts for Eurobond revenue
• Kenya can handle a U.S. rate hike, central bank head says
• Kenya's private sector activity picks up in November: PMI
• Mauritius year-on-year trade deficit narrows 15 pct in Q3
• Mauritius 5-year Treasury bond yield rises to 5.01 pct
• Transcorp Ughelli Power Becomes Transcorp Power
• Ecobank secures $170m offshore loan facility
• PZ shareholders approve merger of three firms
• MTN's Nigerian Fine Reduced to $3.4 Billion Ahead of More Talks
• Nigeria's Stocks Fall to Three-Year Low as Foreigners Exit
• Nigerian finance minister says to focus on cutting cost of government
• Nigeria's distributable revenues rose in October to 473.83 bln naira: finance ministry
• Nigerian assembly passes $2.9 bln extra budget, mostly for gasoline
• CBN Warns Banks against Weak Corporate Governance Practices
• Stock Market Hits 3-year Low on Persistent Bear Run
• Nigeria Reserves Dip Below $30 Billion for First Time Since July
• Nigeria oil output 2.2-2.4 mln bpd next year
• DSE market value up after new bank listing
• AfDB approves $365m for road, rail projects
• Export earnings from agrisector stabilise the shilling
• Zanaco secures $60m loan
• Zambia expects $1 bln in deals with China at Africa summit
• Zambia announces sharp rise in electricity tariffs
• Mashonaland Holdings plunges to $6mln FY loss
• African Sun FY loss widens to $3,36 million on West Africa exit
• Zimbabwe Power Utility Secures $1.2 Billion Loan From China
• Nestlé Zimbabwe Cremora, milk powders plant to be commissioned
• BNC slips to $3,4mln H1 loss, to focus on cost structure
• Stanbic introduces 20-year home loans
• Nestlé commissions milk powder plant
• Zimbabwe loses 300 MW after two units at Hwange plant break down
• Barclays Africa fails in bid to acquire Barclays Bank Zimbabwe assets
• Zesa in discussion with BCC over $65m outstanding royalties
• China to set up a cigarette plant in Zim
• Nampak Zimbabwe FY revenue falls 5pct, profit at $2,3mln
• ART FY revenue up 4pct to $29 mln, narrows loss to $590k
• Govt to tax insurance brokers' commission
• Zimbabwe seals energy, telecoms deals on Chinese leader Xi's visit
• ZSE market cap declines