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 sharply increases customs duties as it seeks to curb imports
• Yields rise on Egypt's three, nine-month t-bills in weekly auction
• Egypt supply minister says wheat reserves sufficient for six months -MENA
• Egypt's non-oil business activity falls to 40-month low as costs rise: PMI
• Egyptian oil company takes $200 million loan for electricity generation
• Egypt central bank governor says intervention in currency market is "history"
• Egypt's core inflation jumps to 20.73 pct in Nov from 15.72 pct in Oct
• Egypt to issue $1 bln 1-year dollar-denominated T-bill -central bank
• Gov’t targets 8% growth rate next year
• Matured bills & bonds reach GHC145bn in 2016
• Mining injects GHC1.35bn to economy
• Ghana President Mahama asks for second term to consolidate gains
• Ghana’s coupon rate on Eurobond too high
• Kenya Power aims to speed up connections to grid
• Shilling tipped to stabilise in Dec after volatile November
• Listed lenders post 15pc growth of earnings per share in Q3
• Increased demand lifts private sector growth from four-month low
• Kenya, World Bank Consider $150 Million Off-Grid Power Project
• Mauritius sees 2016 foreign investment flows up 44 pct: finance minister
• Mauritius inflation rises to 2.2 percent yr/yr in Nov
• Shareholders approve Union Bank’s N50bn rights issue
• Nigeria plans over 7 trln naira budget for 2017: vice president
• SEC pursues listing, plans further stratification of stock market
• Senate Begins Final Work on Economic Recovery Bills Today
• Nigeria, Morocco Sign Agreement to Produce Fertilizer Locally
• Nigeria oil output at 1.9 million barrels per day: minister
• Nigeria's Buhari to submit 2017 budget to lawmakers on Dec.14
• Tanzania, Nigeria's Dangote Cement haggle over price of natural gas
• Nigeria spends $1 billion on outsourcing yearly
• Nigeria targets oil output of 2.1 mln bpd in Jan - minister
• Nigeria Plans $3.2 Billion Capitalization for Farming Lender
• FG targets 7% growth with economic recovery plan
• Nigeria oil sales should be centralised in sector overhaul
• Tanga Cement wins top NBAA award
• Demand for T-b ills impressive
• DSE activities slow down as yearend holiday season begins
• Tanzania Says It May Draw $9.2 Billion in Cement Investment
• Tanzania aims for debut Eurobond in 2017/18 - ministry
• Tanzania inflation at 4.8 pct in year to Nov
• Stanbic invests $155m in agriculture sector
• Intermarket Unit Trust not part of seizure, says BoZ
• Zambia to re-finance $2.8 billion Eurobonds next year
• Marange diamond output drops 62pct as court cases drag
• PG Industries investor Dewei misses payments deadline
• Innscor revenue up 7pct in Q1, to conclude Zambia units sell off
• NSSA to make a mandatory offer to NicozDiamond minority shareholders
• EcoCash now processing Rand transactions
• Zim imports food, beverages worth $64m in Oct
• Gold output seen below target at 22 tones
• Zim industries to pay upfront for imported power
• Standard Chartered confirms Zim debt payment plan, subject to reforms and UK nod.
• Credit to private sector down 8,4%
• Mining costs down on cost-cutting measures
• Zimbabwe Chrome Miners Relinquish Some Licenses to Government
• RBZ to release $7mln bond notes this week
• Zimbabwe halves 2016 growth forecast, budget deficit widens
• Stagnant economy, yawning deficit keep heat on Zimbabwe's Mugabe