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 Beltone files lawsuit against heads of bourse and watchdog
• Telecom Egypt to receive second tranche of withheld dividends from Vodafone
• Egypt's Pioneers considers converting some shares to GDRs: statement
• Egypt could secure $10bln loan from IMF
• Egypt bans use of debit cards abroad amid hard currency shortage
• Egypt's central bank says no ban on using debit cards abroad
• Tullow unlikely to halt Ghana oil output despite damaged ship
• Ghana Sees Debt Levels Slowing as Growth Outpaces Borrowings
• Ghana says will not quit IMF austerity program despite polls
• IFC, GSE partner to stimulate capital market investment
• Banks Face Worsening Fortunes - Moody's Warns
• Influx Of Cement Industries To Drive Price Down
• Britam slashes stake in Equity Bank over volatile stock market
• Mumias mills grind to a halt as farmers deliver cane to rivals
• Kenya's NIC Bank eyes cheaper deposits to boost margins
• Safaricom to compensate users for dropped calls
• Kenya Power procures Sh50 billion loan to refinance its debt
• Kenya's KenGen says rights issue raised 26.5 bln shillings
• Kenya Airways Expects Nigeria Funds Repatriation This Month
• Kenya Finance Minister Sees Next Eurobond at Affordable Rate
• Kenya's bourse scales back its derivatives ambitions
• Kenya's Q1 2016 GDP growth up, tourism boosts
• Dangote to flood market with quality cement
• Lafarge Africa woos investors to Ashaka Cement's offer
• Lafarge Africa Shareholders Approves 300k Dividend, Bonus Issue
• MTN Nigeria wins 2.6GHz spectrum auction
• Transcorp Hilton Abuja Begins $100m Renovation Project
• Nigeria Seeks $40-$50 Billion in Oil Investment as Output Rises
• Devalued Naira Too Hot for Traders Seeing Further Currency Slide
• Nigeria Ranked One of World's Most Unstable Countries
• External reserves drop to $26.33bn
• Nigeria signs $80 bln of oil, gas infrastructure deals with China
• Nigerian Stock Market Gains 3.3% in First Six Months
• NMB constructs two mobile police posts
• DSE joins UN SSE group of elites
• NMB, Star Times launch partnership
• Vodacom customers can now buy cement through M-Pesa
• EABC in fresh push for EPA deal
• 'DSE has adequate liquidity to host telecoms'
• Tanzania sees economic growth picking up to 7.4 pct in 2017
• Growth to pick up to 7.4 pct in 2017 - BoT
• EU to give Zambia K1bn for diversification
• Zambia's cost of doing business still high - FQM
• Zambia's kwacha flat, seen stronger against dollar
• Zambia's inflation slows to 21 percent in June
• Dawn profit at $400k, sees weaker property market
• Rio forecasts a 50pct surge in FY gold production
• TelOne in bid to recover $264m debt
• Econet Agrees to $428 Million Deal for Neotel With Investors
• Dangote shows interest in Sengwa
• First Mutual courts SA company
• Agribank narrows FY loss to $5,8mln, plans to issue $20mln agrobills
• ZPI revenue up 15pct to $2,4 mln in 5 months
• BNC profit plunges 94pct on weak commodity prices
• Willdale FY turnover down 20pct, says in good shape
• Falgold remains in red, considers shutting down Turk Mine
• Ariston records 32pc loss
• Ariston records 32pc loss
• Zim sets cotton price, plans to put 400,000ha under the crop
• SEC okays debt market listings requirements
• Government to issue $69 million TBs to settle NSSA bill
• RBZ crafts deposit-taking law
• Zimbabwe state asset manager takes up $480 million in bad debt
• Zimbabwe's stock market main index falls in H1, further loses seen