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 Widens Budget Deficit to 3.8% as Diamond Revenue Slides
• Egypt's NBE bank sold $2.5 bln in 3 months to cover imports -chairman
• Egyptian dairy firm Domty plans to list in March
• El Sewedy Electric unit in $484.5 mln Angola power stations deal
• Egypt's Banque Misr set for $100 mln China Development Bank loan
• Egypt increases tariffs on range of imports
• Egyptian pound steady at forex sale, stronger on black market
• Egypt M2 money supply rises 18.6 pct in December -central bank
• Egypt sees World Bank funds arriving soon, eyes more Saudi aid
• BoG halts belt tightening squeeze
• Family Bank sets eyes on 100 branches
• Depositors to wait as shareholders fight to save Imperial Bank
• Jobs at stake as Portland Cement land tussle escalates
• Kenya Sees Narrower Budget Deficit of 6.9% of GDP in 2016-17
• Kenya's shilling little changed, CBK to mop up Sh8bn
• Malawi's 2016 growth pegged at over 4 percent, kwacha seen stabilising
• Guinness Nigeria Profit Falls as Weaker Economy Hits Sales
• Dangote Cement Comes under Scrutiny in Ghana
• MTN hires former U.S. attorney general to help on Nigeria fine
• N24bn Gain on Disposed Investment Boosts Flour Mills' Profit
• FirstBank Promotes Trade Financing
• GTBank to Redeem $500m Eurobond Ahead of Maturity Date
• Nigerian interbank rate falls on increased liquidity
• Nigeria Seeks $3.5 Billion in Loans From World Bank, AfDB
• Nigeria requests $1 bln African Development Bank budget support loan
• Nigeria to end oil swaps, go directly to refiners from March: NNPC
• FG May Sell $100bn Assets to Shore Up Foreign Reserves
• Nigeria's debt rises by N1.31tn in one year
• Fitch: Nigeria's Oil Response Has Downside Fiscal, Growth Risks
• CRDB profit balloons 46pc in 2015
• CRDB profit balloons 46pc in 2015
• CRDB profit balloons 46pc in 2015
• Tanesco entities after restructuring to go public
• Treasury bills oversubscribed
• Treasury bills oversubscribed
• Tanzania growth to pick up in 2016, budget spending to rise
• Tanzania plans to cut deficit but raise spending in 2016/17
• Shilling makes little gains against dollar
• Zambia hikes electricity prices for mining companies - sources
• Low dollar inflows pose risk to Kwacha
• Zambia's central bank cuts tender sizes for government securities
• Zambia resumes issuance of new mining licences suspended in August
• TSL post profit despite deflationary pressures
• Low rains hamper cotton volumes
• CFI suspended from ZSE over non-publication of financials, closed period trade
• Zimplats posts Q2 loss of $1,7mln on weak prices
• Kariba Power Station expansion 39% complete
• IMF, WB to assist Zim in reviving economy
• Zimplats slumps to $1,8m loss
• Murowa to double diamond production
• $1,5 bn lost on Zimbabwe Stock Exchange
• Zimbabwe Seeks to Restore Donor Relations to Obtain Loans
• World Bank sees Zimbabwe 2016 growth at 1.5 pct, deflation to persist
• Zimbabwe says foreigners can buy stakes of up to 49 pct in local firms
• RBZ moves on illicit financial flows
• RBZ to account for all Marange diamond export proceed