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 inflation quickens to 3 percent y/y in December
• Italian consortium wins $95 mln bridge contract in Botswana wildlife refuge
• Egypt's $12 bln IMF loan carries interest rate of 1.5-1.75 pct -fin min
• Egyptian T-bills yields rise at weekly auction
• Egypt on track to receive IMF loan's second tranche
• Egypt's Suez Canal revenues fall to $5 bln in 2016 from $5.175 bln in 2015
• Egypt fixes customs dollar exchange rate to help importers
• Egypt PM says cabinet reshuffle likely to be approved by month-end
• Ghana plans to issue 17.4 mln cedis ($4.07 bln) in domestic bonds in Q1
• Impressive earnings reports to drive capital gains in 2017 - GSE
• Cedi depreciation causing increase in fuel prices – COPEC
• FDI dips by 66% in 5years
• Safaricom valued at more than 9 top NSE firms combined
• Airtel’s second layoff in a year turns focus on turnaround bid
• Uchumi begins testing new franchising model
• Kenyan supermarket chain Nakumatt agrees stake sale to fund for $75 mln
• Tullow strikes more oil in Turkana ahead of early export plan
• Kenyan shilling stable, depreciation pressure from importers eyed
• Kenya fuel price cap review to mid-February
• Tea prices start New Year on a high at Mombasa auction
• Kenya's economy to grow at a slower pace this year: IMF Rep
• New global ranking rattles Kenya's economic growth record
• Kenya Central Bank Expects Current-Account Gap to Stabilize
• Rising Kenyan tea, coffee export prices to ease drought impact
• Malawi December inflation inches up to 20.0 percent y/y
• Dangote targets 3000 jobs with $100m truck assembly plant
• Portland Paints Gets NSE’s Approval for N1.02bn Rights Issue
• Ecobank Inaugurates Agency Banking Outlet
• FirstBank Strengthens Money Transfer Services
• Value of Foreign Investments in Equities Fall 51% on Currency Challenges
• Nigeria December inflation rises for eleventh month running to 18.55 pct
• IMF predicts 0.8% growth for Nigeria’s economy
• External reserves rise by $1bn in two weeks
• Dangote, China's Sinotruck set up $100 mln truck plant in Nigeria
• Pension assets rise to N6.02tn
• We Simply Can’t Allow the Naira to Float, Says Osinbajo
• Nigeria needs to close gap between official and black market rates "very soon": VP
• Electricity: Power sector loses N10.33bn in eight days
• FG’s plan to secure foreign loans stalls
• Nigeria’s External Reserves Hit $27.2bn
• Nigeria raises local currency bonds at yields below inflation
• Acacia in talks with Endeavour about merger
• Three local listed firms shine at DSE
• Over 370bn/- raised through treasury bills
• Tanzania seeks $200m World Bank loan to clear arrears of state utility
• Vedanta's Zambia mine to pay first instalment of $100 mln owed to govt by month-end
• EU grants Zambia $69 mln for energy projects
• Sanctions reprieve for ZHL
• No festive cheer for Delta as Q3 revenue falls 10 percent
• Hwange Colliery Company lurches into quandary
• Zimbabwe's Econet to raise $130 million from rights issue
• Delta capacity utilisation declines
• Zimbabwe consumer prices fall 0.9 percent y/y in December - Zimstats
• Milk production up 14 percent to 65mln litres in 2016
• Zimbabwe tax agency says misses 2016 revenue target due to weak economy
• New vehicle sales down 7% in 2016
• Zimbabwe to Amend Investment Laws