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 needs $123 million more to cope with drought, power shortages
• Egypt's Pioneers to offer to buy Universal Co for Packaging
• Eastern Company revises 2014/15 net profit
• Egypt says it will add up to 3 GW of power, helping to reduce rationing
• Egyptian business activity falls to two-year low in November
• Egypt to appeal $1.76 bln award to Israel in gas dispute, freeze gas import talks
• Egyptian pound steady at forex sale, stronger on black market
• Egypt expects $1.5 bln in aid by year-end
• Egypt's annual inflation hits 6-month high in November up to 11.8%
• Egypt's Central Bank to sell $1.1 billion in T-bills on 15 December
• Ghana's economic performance below average in first half of 2015
• Germany deepens presence in Ghana with 155 firms
• Safaricom CEO Bob Collymore declares wealth, says he is worth Sh200m
• BOC adds to long list of profit warnings
• KQ, Uchumi's decline to zero net worth puts CMA on the spot
• Kenya gets $1.5 bln loan from China to extend railway
• Kenya central bank offers to inject 4 bln shillings
• Kenya to Review Foreign Borrowing After Eurobond Questions
• Kenyan shilling holds steady against the dollar
• Maize prices on the rise as imports from EA decline
• Mauritius inflation slips to 1.0 pct in year to Nov: stats office
• Shareholders approve PZ Cussons' merger with subsidiaries
• GTBank, MasterCard introduce prepaid card
• FBN Grows Income to N10 Billion in Three Years
• Tiger Brands Restates Commitment to Investments in Nigeria
• Glo, Vodafone Partnership Will Boost Access to Telecoms Services
• Naira drops to 251/dollar, external reserves now $29.7bn
• Nigeria to make $2.1 billion payment to cover fuel subsidy - finance ministry
• Nigeria raises 50 bln naira 2020, 2024 bond at higher yields
• CRDB's agency banking deposits reach 524bn/-
• AfDB may finance Tanesco after reforms
• Treasury bills oversubscribed as liquidity eases
• Tanzania cuts petrol and diesel prices, kerosene goes up
• Tanzania secures $346.9 mln loan for roads from the AfDB
• Rising food prices push Tanzania inflation higher to 6.6 pct in Nov
• Shilling gains on strong dollar inflows from exports
• Tanzania 'vulnerable' to US interest rate hike
• Zambia Sugar describes processing period as very challenging in the face of Kwacha volatility
• Zambia facing toughest economic challenge in a decade - World Bank
• Zambia's mines should pay more for electricity - World Bank
• Zambia overspent 2015 budget plan by $1.4 bln - finmin
• Econet adds $300m to debt stock
• Seed Co acquires $50 million for local, foreign ops
• Innscor eyes three acquisitions, to continue aggressive price cuts
• Border Timbers generates profits
• Meikles half year loss widens to $10,8 million
• Powerspeed revenue hits $40mln, profit after tax 19pct up
• 2,7pct GDP growth projection for 2016 ambitious, MPs told