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 Lerala Diamond Mine shuts down
• Botswana's Wilderness Safaris to bid for Air Botswana
• Botswana power utility invites bids to build 100 MW solar plant
• Egypt procures 2.9 mln/T local wheat since start of season
• Average yields rise on Egypt's three and nine-month T-bills
• Foreign investments in Egyptian government securities jump 13 percent
• Egypt keeps customs exchange rate at 16.5 pounds/dlr in June
• Egypt ratifies long-awaited law aimed at luring investment
• Ghana to Produce Biggest Cocoa Crop in Three Years
• Ghana sells 705.16 mln cedis 3-yr local bond at 18.5 pct yield
• Defaults cut housing firm’s profit by 73pc
• Safaricom rallies to record Sh900 billion market value
• Kenya's current account deficit widens to 5.8 pct in February
• Kenya central bank keeps benchmark rate at 10 percent
• Tight Race Seen in Kenya's Elections With Opposition Turnout Key
• Banks raise forex stocks to Sh240bn in hedging move
• Rising food, fuel prices lift inflation to five-year high
• Kenya Central Bank Says Lenders Face New Era of Lean Profits
• Resurgent NSE large caps beat other African markets
• Malawi's hopes aid embargo to be lifted after World Bank support resumed
• Mauritius 4-year central bank notes yield at 3.32 pct
• Nigeria's 'bad bank' says nearing sale of Peugeot car assembly plant to Dangote
• Portland Paints restructures operation as equities gain N76bn
• GTBank Launches Biometric Mobile APP
• FirstBank Unveils New Website
• GSK Nigeria Shareholders Approve 30k Dividend, Commend Performance
• Seplat Assures Shareholders of Improved Results, High Returns
• Wapic Insurance Misses Premium Growth Rate Target
• Nigeria oil governance bill aims to break up state oil company NNPC
• Capital market: Stock market investments crashed by N1.93 trn
• Power Operators Seek Harmonisation of Market’s Trading Currency
• PENGASSAN: Nigeria Lost over $235bn to Non-passage of PIB
• Nigerian banking shares rally on recovery hopes
• Nigerian stocks rise to 11-month high on banking, cement shares
• Nigeria’s Manufacturing Index Expands in May
• Acacia Mining says Tanzania audit inaccurate, considers options
• TPCC announces dividend of 90/- per share
• 4 firms nail Citibank over 7trl/- security deposit
• Tanzanian finance minister cuts GDP forecast for 2017 to 7.1 percent
• March revenue collection hits 95 per cent of target
• Z'bar current account registers 85bn/- surplus
• Zambian Breweries plans to sell opaque beer business
• Cobalt project attracts Australian company
• Billionaire Leviev Adds Zambia Emeralds to Diamond Portfolio
• Econet Wireless Zimbabwe posts 10 pct fall in full year profit
• Malawian bank snaps up Barclays Zimbabwe
• ART net income grows 41pct to $1,3mln in H1
• Govt loses out on mining tax