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's economy grows 1.8 percent in first quarter
• Egypt's central bank to hold 182-day and 364-day July 10
• Egypt due for another devaluation in 2016/17, economists say
• Egypt reduces arrears owed to foreign oil companies to $3.4 bln
• Egypt's current account deficit at $14 bln in first nine months of 2015/16- Al Ahram
• After six months, Egypt finally settles wheat fungus row
• BoG announces changes in GoG securities issuing, trading
• US FDI in Ghana hits $13 billion
• Ghana IMF deal on track, allaying fears of election overspending
• Equity mulls expansion of Equitel in its East Africa units
• Kenya Pipeline Considers Eurobond to Fund Expansion Projects
• NMG signs pact with Invest In Africa to boost small firms
• CBA partners with Bamburi Cement in mortgage plan
• Kenya Airways axe hovers over 600 jobs
• Kenya banks on saccos to lift growth of coffee, cotton
• Kenyan 182-day, 364-day T-bill yields rise, 91-day yield falls
• Mauritius year-on-year inflation at 1.1 pct in June - stats office
• Mauritius sugar revenue to junp by 25 pct, syndicate chief says
• Oando Returns to Profitability, Reports N4.1bn Profit in Q1
• Lafarge Africa pays N13.66bn dividends
• Nigeria replaces Skye Bank bosses over capital failures
• GSK Shareholders Approve Sale of Drinks Business, Get 60k Special Dividend
• Oando completes N70.5b downstream business recapitalisation
• eTranzact Records N471m Profit , Declares 10k Dividend
• GCR Affirms Union Bank's BBB+ Rating, with Stable Outlook
• SEC will make Nigerian capital market electronically driven - DG
• Nigeria's oil minister replaced as state oil company boss
• New forex policy raises import duty by 43%
• Stock Market Investors Count Gains Despite Bear Run
• Nigeria central bank says country's banking industry remains 'strong
• Nigerian oil trade union begins strike on holiday, warns of delayed effect
• Nigeria monitoring "one or two" other lenders after Skye Bank's capital problem
• Bank M Q2 profit up by 43pc
• CRDB manager arraigned over forgery
• Dar bourse 35pct green shoe elevation approved
• Dar stocks earnings down two times in Q2
• Shilling to remain under pressure in near-term
• BoT to monitor bureaux de change in real-time
• FQM investments in Zambia hit US$6.1 million
• ZB makes K318 million ops profit
• Barclays Zambia spends US$5 billion on project finance
• Atlas Mara appoints former Standard Chartered Bank executive to head Zambia acquisition
• Kwacha breaches the K9 mark
• Citigroup, JPMorgan Favor Zambia's Dollar Debt in Bet on IMF Aid
• Nestlé set to expand regionally
• Ariston Holdings post $2m loss
• Forest fires fell Border Timbers revenues
• Caledonia eyes dividend boon as gold production rises
• NicozDiamond GPW steady at $13mln in five months
• Zim explores Tanzania to grow exports
• Zimbabwe hopes to sign-off deal with multinational lenders in December
• ZSE projects 4% turnover drop
• Zimbabweans stage nationwide boycott as economic woes mount
• Zim close to $1bln Afreximbank loan after Algeria deal falters
• Govt, industry left counting losses from stayaway