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's GASC postpones tender for raw sugar, no new date given
• Egypt's pound strengthens at banks as demand from importers eases
• Egypt's annual urban consumer price inflation jumps to 23.3 pct in December
• Egypt's cost-of-living soars as currency dives
• Egypt raises prices on some medicines after currency plunge
• Mauritius-based firm acquires Movenpick Hotel
• COCOBOD outlines interventions to boost cocoa production
• Gov’t to borrow GHC17,400m for 1st quarter
• IMF says plans to meet new Ghana government over aid programme
• Kenya Power says technical fault causes blackout in Nairobi, other regions
• KQ in next phase of layoffs as it eyes return to profitability
• Uchumi accuses group of lying in Nairobi prime land dispute
• Kenyan shilling steady, importer dollar demand may put pressure
• Kenyan Central Bank Said to Warn Traders Over Shilling Decline
• Kenyan shilling seen easing due to corporate demand
• Mauritius inflation rate at 2.3 pct yr/yr in December
• Mauritius tourist arrivals climb 11 pct in 2016
• Nigerian sovereign fund in credit tie-up to unlock infrastructure funding
• Devaluation Looms for Nigeria Even as Forwards Ease on Oil
• CBN to Meet BDC Operators on Forex Stability
• FG to boost cocoa exports, others with N377m
• Nigeria to Begin Tracking of Oil Production, Sales Destination
• External reserves continue increase, hit N26.5bn
• BDCs seek single market driven forex rate
• Nigeria stock exchange says working with MTN to list its shares in 2017
• Nigeria's NNPC proposes changes to increase deepwater oil revenues
• 7-year debt securities undersubscribed
• Finally telcoms initiate share listing process on DSE
• DSE bounces back Text
• Tanzania inflation at 5.0 pct in year to December
• IMF warns Tanzania of downside economic growth risks
• TB auction to boost Kwacha
• TAZARA scouts for $380 million
• ‘Auto industry to record 1.5% growth’
• Liquidity drops in money market
• Zimbabwe's largest bank CBZ suspends local use of Visa cards
• Treger faces bleak future
• Caledonia gold output hits 50,000oz in FY 2016
• Tobacco export receipts down 85% in 2017
• CZI warns of doom over foreign payments delays