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.
• Valeant to buy Egyptian drugmaker Amoun for about $800 mln
• Eni discovers up to 15 bln cubic metres of gas in Egypt: oil ministry
• Egypt's Suez Cement Q2 net profit tumbles 57 pct yr/yr
• Kuwait's Al-Salam to list on Egypt exchange
• Egypt Brief - Egyptian trade deficit increases 52.7 pct in April, says CAPMAS
• CAL Bank opens new branch at Dansoman
• BoG introduces warehouse system of financing
• Ghana 91-day bill yield rises to 25.2113 pct
• Ghana cocoa purchases 667,000 T by July 2, down yr/yr
• Ghana wants to issue bigger $1.5 bln Eurobond: minister
• Ghana revises 2015 economic growth, budget deficit - finmin
• Ghana's parliament plunged into darkness as energy crisis hits home
• Equity Bank, Airtel gang up against Safaricom with free money transfer
• Kenya's Equity Bank starts mobile pay service to challenge Safaricom
• Kenyan tobacco firm BAT says H1 pretax profit up 8 pct
• Kenya's WPP Scangroup lifts first-half profit by 12 pct
• Fitch concerned about Kenya's public finances
• Kenya's shilling holds steady, supported by tight liquidity
• CBK curbs banks' daily forex trade to save the shilling
• Kenya central bank sets minimum FX deal size for banks
• Kenyan forex market, bourse cut Friday trading hours as Obama visit
• Malawi's CPI quickens to 21.3 pct in June
• Mauritius' trade deficit widens 39.9 pct in May
• Oando Seeks Legislation to Boost Usage of Renewable Energy
• Afren adjourns shareholder meeting as finalises restructuring measures
• Flour Mills of Nigeria full-year profit falls 6 pct
• FBN Holdings Records N52bn Profit Before Tax in Six Months
• Nigeria's Union Bank H1 pretax profit rises 2 pct
• Unilever Nigeria H1 pretax profit falls to 94 mln naira
• Forex Pressure: CBN to Intensify Use of Administrative Tools
• External Financial Flows into Nigeria Now N4.38tn
• Investors earn N233bn in first half 2015
• World Bank to spend up to $2.1 billion to rebuild Nigeria's northeast
• Nigeria interest rates on hold for now, to rise in September
• Unclaimed Dividends to Reduce as SEC, CBN Collaborate on e-Dividend Payment
• Naira Tops Agenda as MPC Meets Thursday
• Nigerian oil products pipeline shut in southwest after blast
• Nigeria's forex reserves rise 5.6 pct month-on-month by July 22
• Buhari's Inaction on Policy, Posts to Keep Nigeria Rates on Hold
• Tigo dishes over 3bn/- to customers
• BoT moves to boost credit growth
• Investors appetite for govt bills falls
• Tight monetary stance lifts deposit rates
• Agricultural exports inflow lifts shilling
• Tanzania new financial inclusion goal 75 pc
• Govt sale of its ZCCM-IH shares pushes LuSE turnover to K581m
• Zambia's 24,000 bpd oil refinery shut since Tuesday
• Zambia's kwacha firms on dollar sell-off
• Zambia to issue up to $2 bln 10-year Eurobond
• Zambia's $1.25 bln bond coupon rate at 8.97 pct
• Primary gold producers under stress - Falgold
• Kingdom Bank crumbles
• Murowa Diamonds H1 production down 50pct as Rio Tinto exits
• Fidelity, CFI Holdings in land-for-debt swap deal
• Zimbabwe's Bindura Nickel FY output hits record 7,306 tonnes
• Top awards for Meikles, Victoria Falls hotels
• ZSE lures mining companies
• IMF 2nd SMP review next month
• Mining sector rakes in $10bn
• Italy eyes Zim energy sector
• China group to build Zimbabwe coal power plant