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 CPI quickens to 3.1 pct y/y in June
• Egypt to begin food imports via direct order: supplies ministry
• Egypt cancels temporary ban on cotton imports
• Egypt's Suez Canal revenues decline 4 pct to LE431 mn in June
• BoG warns Banks
• BoG to expand frontiers of commodities exchange
• BoG issues new Mobile Money guidelines
• Income Tax regime to be overhauled
• Ghana's central bank holds benchmark policy rate at 22.0 pct
• Ghana June consumer inflation rises to 17.1 pct yr/yr
• Cedi's recovery will be sustained - BoG boss"
• NIC targets customers with money transfer deals
• Government rejects Portland bid to sell 1,300 acres in Athi River
• CMA opposes suit against Mumias aid
• Kenya's shilling falls despite central bank intervention
• Kenya's energy regulator raises fuel prices in latest monthly review
• Kenya to sign $350 mln loan for refined products pipeline: reports
• How NB divides beer market along taste line
• Nigeria's Access Bank sees retail banking turning to profit: CEO
• Nigerian Breweries' first-half pretax profit falls 8.5 pct
• Nigeria's Stanbic IBTC aims to carry out 20.4 bln naira rights issue this year
• Shell lifts force majeure on Nigeria's Forcados crude oil stream
• FCMB Facilitates $445m Accugas Deal
• LafargeHolcim to save 1.4bn in costs
• Nigeria's Seven Energy secures $495 mln to boost gas supply
• FCMB, Acugas, others sign N87.7bn gas infrastructure deal
• Cadbury Nigeria swings to H1 loss, revenue falls
• Nigeria aims to supply 20 pct of gasoline demand itself
• Nigeria interbank rate doubles as central bank mops up government cash
• Naira drops to 241 against dollar
• Nigeria's president appoints new defence chiefs
• Nigeria's President Buhari asks state oil company to review swap scheme
• Nigeria Spends about $1bn on Food Imports in 5 Months, Says CBN
• Nigeria inflation rises to 2-1/2 year high on food prices
• Nigeria's Crude Export to Spain Worth 6.5b in 2014
• Recapitalisation: Stockbrokers Begin Reclassification, Merger Moves
• Nigeria can't avoid devaluation: S&P
• Nigerian stocks hit 3-1/2 month low
• Cash-strapped Nigeria to keep fuel subsidies for another quarter
• Political tension hits trade at Dar bourse
• Tanzania current account deficit narrows 26.3 pct in year to May
• EU reforms impacting negatively on sugar production-Zam Sugar
• Zambia president orders mines to be spared excessive power cuts
• Zambia to import power, build new plants to stem shortages
• Zambia's mining industry says new tax rules will scare away investors
• Mwana Africa fires executives, consultants in shake-up
• Government to buy Telecel
• Zimbabwe says offered Vimpelcom's Telecel stake but has no money
• SABMiller's Zimbabwe unit beer sales down on weak economy
• Mwana Africa under fire over management change, Zim govt seeks answers
• Three Zim short-term insurers fail to meet core capital requirements, premiums written flat in Q1
• Banks to Slash Lending Rates
• Financial institutions in discussions with ZSE on junior bourse
• Zimbabwe consumer prices down 2.81 percent y/y in June
• Zimbabwe 2015 tobacco sales down nearly 9 pct after drought
• World Bank lowers Zim economic growth forecast to 1pct, sees recovery in 2017