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 firm plans solar power plant to produce up to 200 MW
• Botswana's Q1 GDP growth contracts by 1.3 pct qtr/qtr
• Telecom Egypt set to receive 4G mobile licence next year
• FDI to Egypt rose 14% in 2014, slowed in North Africa: UNCTAD
• Egypt restricts GDR deals to pounds for local investors
• Egypt's president ratifies budget for fiscal year 2015/16
• Egypt's central bank lets pound weaken by 1.3%
• Egypt's economy grew at 3% in third quarter of 2014/2015
• Ghana replaces head of troubled Tema oil refinery
• Ghana on course to secure fresh IMF aid under deal
• Mauritian receiver says not selling stake in Kenya's Britam
• Tough journey for Mumias in revival efforts
• AfDB loans Equity Bank Sh15bn for SME lending
• Job cuts ruled out in UAP-Old Mutual merger
• Rules could split Safaricom's revenue arms
• Kenya allows banks to trade in secondary debt market
• Kenya's yr-on-yr inflation at 7.03 pct in June
• Kenyan shilling holds steady as central bank eyed
• Kenya sees 20 firms investing $80 mln after U.S. trade pact extended
• Kenyan GDP Growth Slows as Tourism Contracts for Fifth Quarter
• Kenya as Biggest Bond Loser Isn't Scaring Morgan Stanley Analyst
• Malawi nets $1 bln in prospective investments at trade forum
• Nigeria's Forte Oil says Siemens to upgrade power plant
• Seven-Up Declares N2.75 Dividend, Stocks Trading Resumes Positively
• Zenith, FirstBank, GTbank, Six Others among Top 1000 Global Banks
• Nigeria's Transcorp to spend $1.575 bln to boost power capacity by 2018
• Nigeria's Oando to sell 60 pct of downstream business for $276 mln
• Skye Bank Concludes Mainstreet Integration
• Nigeria's APC Says Government Must Scrap Oil-Industry Bill
• Investors see growing risks in Nigeria's devaluation delay
• NSE Targets Sale of Apple, LVMH, Other Foreign Shares on Local Bourse
• Nigerian Stock Market Records 3.4% in Six Months
• Nigeria 2024 bond yield jumps 40 bps as funds switch to bills
• Nigeria total debt at 12.1 trln naira by end March
• Buhari Delays Nigerian Cabinet Appointments to September
• Naira Tumbles on Parallel Market After Nigeria Extends Curbs
• Mwanza Bank primary offer back on track
• DSE stocks rally most in 6 months
• Dar bourse sets off plans to go public
• Tanzania raises fuel prices across the board in latest review
• Zambia Sugar in $60m pact
• Zambia Said to Plan Cutting Power to Mines by as Much as 16%
• Zambia resumes VAT refund payments to mining firms
• Zambia Credit Rating Cut by S&P as Budget Deficit Worsens
• Rio Tinto sells stakes in Zimbabwe assets
• Econet Wireless Global CE Fitzgerald steps down
• Lake Harvest looks up to Zambia as fish sales to EU drop
• Zimbabwe tyre maker NTS posts FY loss on declining turnover
• Ariston slips into the red, posts $800k loss on declining revenue
• Zimbabwe central bank says banking sector safe as Metbank recapitalizes
• Telecel pays licence fee installment for June
• CFI narrows loss, seeks to resolve legacy debt
• Zimbabwe pension fund NSSA says company closures and retrenchments slow down 30pct in FY14
• Government mulls new mining taxation to boost investment
• French group plans to commission 2,000MW Zimbabwe thermal plant by mid-2019
• ZSE automation goes live on Friday, could revive moribund equities market