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 Sees Power Exports as Failed Coal-Plant Lessons Learned
• Kuwaiti's Zain interested in Egypt 4G licence -ministry official
• Egypt's GASC draws offers from 12 trading firms in wheat tender
• Egyptian dairy company Domty to invest $27 mln to boost production
• Barclays begins Egypt sale process, at least 2 interested – sources
• Egypt's Ezz Steel Q1 net loss widens to $15.4 ml
• Telecom Egypt in loan talks to fund 4G licence
• Yields rise at Egypt T-bill auction
• Ghana-China Trade hits 6.6 billion dollars
• GSE intensifies moves to get capital gains tax removed
• Ghana Increases 2016 Growth Forecast After Earlier ‘Mistake’
• Ghana's central bank holds benchmark policy rate at 26.0 pct
• Ghana’s debt rises to GHC105bn
• Bank of Ghana allows banks to lend above permitted ceiling
• Low crude prices dim hopes for big revenue boost from new Ghana oilfield
• Ghana accepts 5-year domestic bond worth over $200m
• Cedi will remain strong - Bank of Ghana
• Ghana parliament body rejects key central bank reform bill
• KQ extends record after tax loss to Sh26.2bn
• KCB gets Sh1.5bn lift as shareholders forego cash dividend payout
• Kenya May Ink EU Trade Deal Alone as Brexit Spooks Neighbors
• Kenyan shilling steady, helped by inflows from manufacturing firms
• Kenyan shilling seen on the back foot, pressured by end-month demand
• Kenyan shilling firm as traders eye rate decision on Monday
• Mauritius Cuts Rates by Biggest Margin Since 2012 on Brexit
• Mauritius' trade deficit widens 22.1 percent in May
• ExxonMobil declares force majeure on Nigeria'sQua Iboe crude oil
• GTB, Access Bank seek more time to submit results
• Oando to report lower earnings in 2016 Q2
• Unilever Nigeria Records N1.1Billion in First Half of 2016
• Ecobank, BoI Sign Deal on Financial Inclusion
• Lafarge posts N30bn loss in six months
• Wema Bank Posts Positive Half-year Results
• Ecobank Lends Support to Sustainability Initiatives
• N190b debit for T-Bills auction sustains interbank’s high lending rates
• Nigerian inflation rose to 16.5 percent in June: statistics office
• IMF predicts Nigeria's economy will contract by 1.8 pct in 2016
• Nigeria Sterling Bank ends talks to buy Keystone Bank, plans bond issue
• Manufacturers record loss in 2015
• CBN must protect new forex policy
• Nigeria's budget minister expects economic growth by end of year
• Nigeria naira hits record low of 309 against dollar
• Nigeria central bank grants loan to Skye Bank after capital problems
• CBN to Fund $697m Forward Contracts Friday, Naira Pressure to Ease
• NMB shares rally after bond listing
• TCCIA plans listing on DSE
• T-bills auction fails to impress investors
• DSE shows signs of recovery
• Tanzania gets $7.6bln loan from China's Exim Bank for railway
• IMF tells Tanzania to curb public spending, urges reforms
• Treasury bonds sales go down
• Foreign reserves are sufficient - BoT
• Indo Zambia pumps over K1bn into economy
• Stanchart invests USD 1.5bn in digital banking
• CFI revenue drops 45pct in 8 months
• Ariston shareholder seeks to raise stake
• Unki Mine platinum production up 12 percent in Q2
• Five suitors eye Zisco
• Innscor CEO leaves less than two years into term
• June inflation up marginally to – 1,37 percent
• Securities Commission proposes listing all miners to improve transparency
• Zimbabwe Says It’s on Course to Clear $1.8 Billion Loan Arrears
• Zimbabwe in talks with Afreximbank, German printers over bond notes
• RBZ projects slower growth
• Zimbabwe regulator turns down power tariff hike request