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.
• Production at Egypt's biggest gold mine rose 16% in 2015
• Egypt's Orascom Construction says wins $420 mln power plant contract
• Egypt's El Sewedy Electric announces dividend for first nine months of 2015
• World Bank cuts Egypt's predicted 2016 growth rate
• Egypt's urban consumer price inflation unchanged at 11.1 pct in Dec
• Egypt central bank amends rules to encourage banks to lend to more clients
• Egypt issues $897.9 million one year T-bill at average yield of 3.248 pct
• Egypt aims to reduce import bill by 25 pct in 2016
• Egyptian industry head sees lifting of FX deposit cap 'soon'
• Bank of Ghana reviewing microfinance companies
• Cedi lost 18% in 2015
• Gov't to roll out more interventions to propel economy
• Withholding tax on services slashed to 7.5%
• BoG seeks more power to tackle crisis in microfinance sector
• IMF approves third disbursement to Ghana
• Inflation rate currently at 17.7 per cent
• Centum set to cede shares in Two Rivers mall to Old Mutual
• India-based cement giant eyes Sh12.7bn majority ARM stake
• Kenya Airways inks deal to sell redundant aircraft to US airline
• The National Bank of Kenya blames tight Government budget on delayed Rights Issue
• Kenya shilling stable, seen facing pressure from importer demand
• Central Bank under pressure as it sets benchmark rate
• Malawi December consumer inflation rises to 24.9 percent y/y
• Mauritius inflation at 1.3 percent in December
• Dangote Plants Seen Selling $6 Billion Yearly to Nigeria by 2018
• Nigeria to Sell N80bn Bonds
• Nigeria's "bad bank" AMCON seeks bids for stake in Peugeot plant
• CBN assures Dangote of Forex to finance $14bn refinery
• Nigerian Stocks Fall Into Correction as Oil Plunge Dims Outlook
• Nigeria approves $200 million World Bank loan for projects in Lagos
• Tanzania inflation inches up to 6.8 percent in December
• Social security sub-sector registers robust growth
• Shilling strengthens on weak demand
• BoT records remarkable profit increase
• Tanzania's GDP expanded by 6.3 pct yr-on-yr in Q3 2015: stats office
• DSE's trading through mobile phone up 42 pc
• BoZ attracts K288m treasury bills bids
• Lonrho exits agric unit
• Turnall reduces number of board members
• Hwange Colliery property goes under the hammer to pay-off Chinese loan
• Chrome ore exports slow'
• Zimbabwe trade deficit widens to $3 billion
• Falling commodity prices weigh down economy
• Inflation projected to rise as govt tackles deflation: Zeparu
• Chinese firm to set up agric demo centres