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 Cuts Benchmark Interest Rate to 6.5% to Support Growth
• Egypt's Juhayna full-year profits fall to 170.1 mln pounds: statement
• Lactalis subsidiary tops rival bid for Egypt's Arab Dairy
• Egypt's Qalaa says seeking to raise $300 mln through divestments
• Orascom to split construction, fertiliser units for separate listings
• Ezz Steel posts Q3 loss of 285 mln Egyptian pounds
• CIB gets go ahead with bonus share issue plans
• Juhayna Food Industries profits down 48% in 2014
• Cairo Development gets go ahead with bonus share issue plans
• Heliopolis to sell LE260 m client debt portfolio
• Orascom Construction to raise up to $241 mln in Egypt share offer
• Egypt lines up $6.8 bln of Kuwaiti investment for energy projects
• Egypt stocks slip on Libya attacks
• Egypt issues $1.12 bln in USD denominated t-bills at avg yield of 2.23 pct
• Triumphant Egypt return to bond market risks ultra-tight pricing
• Actis launches $1.9 billion renewable energy platform
• Ghana keeps key rate steady, says positive about IMF deal
• TPS Eastern Africa says 2014 profit to fall at least 25 pct
• Kenya Power workers sue over bid to outsource meter readers
• Kenya Power says H1 pretax profit rises 53 pct
• Britam contracts Equity, Family banks to sell pension scheme
• Kenya's Pan Africa Insurance issues profit warning
• KenGen to set up zones for cheaper industrial power
• Kenyan publisher Longhorn's profit up 16 pct in first-half
• Fresh produce exports earn Kenya Sh84bn
• Kenyan shilling seen supported by inflows targeting bond sale
• Kenya cuts fuel prices, cites lower import costs
• Kenyan shilling firms on slack dollar demand, inflows
• Kenyan Stocks Attract Nigerian Buyers in Rally to Record High
• Stockbrokers shelve threat to stop NSE trade
• Malawi Jan CPI slows to 21.2 percent year/year
• Afren ends talks with Seplat Petroleum over potential sale
• FCMB Launches Mobile PoS Terminal
• Barclays Africa Seeks Nigerian Investment Banking License
• Nigerian Breweries declares N37.2 billion dividend
• Forte Oil declares N2.7b, 216m shares dividends
• Nigerian Banks Brace up for Slower Revenue Growth
• Higher Food Prices Push Inflation to 8.2%
• Market Records First Gain after 7 Days of Losses
• AfDB: Nigeria is Largest Market in West Africa
• Relief as SEC Introduces Complaints Management Framework
• Lending rates hit 95% in interbank market
• Nigeria Ends Regular Dollar Sales With Second Naira Devaluation
• Nigerian Stocks Extend Rally as Naira Recovery Spurs Confidence
• Foreign reserves drop to $32.4bn
• Contributory pension fund hits N4.6tn
• NMB Mulls Conducting Deals in Chinese Currency
• Tigo Unveils Expansion Plan
• Govt Five-Year Bond Oversubscribed
• NMB Mulls Conducting Deals in Chinese Currency
• Tigo Unveils Expansion Plan
• Govt Five-Year Bond Oversubscribed
• Zambia Sugar to spend $82 mln on refinery to double output
• Zambia Sugar PLC denies tax evasion assertions
• Lake Tanganyika in $22.62m AfDB funding
• Zambia to adopt over-the-counter derivatives
• Kwacha to remain stressed
• Zambian Kwacha Breaches 7 per Dollar for First Time Since June
• Meikles suspended from ZSE for inflating RBZ debt
• BNC concentrate production down 30%
• RioZim says likely to report bigger loss after units perform poorly
• Power Speed solar project stays on course
• African Century set to start deposit-taking
• Meikles Fights ZSE Suspension
• BNC Spends U.S $7 Million On Capex
• Delta invests $11 million at Bulawayo Chibuku plant
• Zimbabwe inflation at -1.28 pct y/y in January
• EU resumes direct aid to Zimbabwe after a decade of sanctions
• Banks' profits in massive surge