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 Choppies to buy Kenyan retailer
• Egyptian developer Palm Hills in three deals worth $63mln
• Emaar Misr's $353mln IPO in Egypt to run June 16-25
• Egypt's Pioneers Holding buys cable factory for $37 mln
• Egypt's Ezz Steel reports 2014 net loss of $109.5 mln
• Emaar Properties trims Egypt listing price, sees up to $334 mln float
• Egypt's Beltone Capital to offer shares on stock exchange in Q4 2015
• Egypt's El Sewedy Electric wins 785 mln euro portion of Siemens power plant deal
• Orascom and Siemens Consortium to build world's largest gas power plants in Egypt
• Egypt signs exploration deal with Italy's Eni worth $2bln
• Egypt buys 5mln tonnes of local wheat, above target
• Egypt business activity steadier in May as employment rises: PMI
• Egypt to price first international bond in five years on Thursday
• Egypt raises $1.5 bln in first international bond sale for five years
• CAL Bank aims at more T-Bills, less loans
• GCB to maintain lending rates
• Ghana 91-day bill yield rises to 25.1707 pct
• Ghana Cedi Falls to Record as Rate Increase Seen Inadequate
• Ghana to scrap fuel subsidies by September
• Kenya consumer goods firm Eveready slides to six-month loss
• Equity Bank's Equitel Targets 100 Million African Customers
• KQ hires American turnaround consultancy Seabury
• Kenya's president nominates IMF adviser as central bank chief
• IMF trims Kenya's 2015 economic growth forecast to 6.5 pct
• Yield on Mauritius 3-year Treasury bond rises to 3.55 pct
• Mauritius year-on-year inflation falls to 0.5 pct in May: stats office
• Seplat Targets Natural Gas to Boost Revenue, Profitability
• Vitafoam profit rises by 11.8 %
• Oando to invest $36m in gas compression
• Ecobank to boost capital through share sale
• Nigeria's Dangote Cement expands to Ethiopia with $500 million plant
• NIPCO releases 49.5 million litres of fuel, imports 28 million metric tons
• Nigeria central bank officials accused of $40 mln fraud
• Nigeria-China Trade Volume Rises to $23.5bn
• StanChart Business Indicator Reveals High Hope of Democracy Dividend in Nigeria
• SEC to Penalise Registrars for Non-return of Unclaimed Dividends
• SEC to Penalise Registrars for Non-return of Unclaimed Dividends
• Tanzania awards $9bln rail projects to Chinese companies
• Liquidity squeeze hurts demand for govt bills
• Tanzania raises petrol, diesel prices pump prices
• Madison fund swells to K800m
• SEC, ZICTA disagree on MTN listing
• Vedanta's Zambian business KCM imports semi-processed copper from Chile
• Old Mutual in Talks for Stake in Zambian Power Plant, CEC Says
• Zambia Bills Best in Africa for Standard Bank, With One Caveat
• Zimbabwe's NicozDiamond reports flat Q1, says greenfield projects and Malawi unit to drive growth
• Pearl Properties records decrease in revenue
• Dairibord to commission milk equipment
• Zim's billion dollar Innscor unbundles fast food business, to list separately on ZSE
• Delta, Econet join Africa's top firms
• Innscor to unbundle restaurant unit
• Glass demand continues to surge: Zimglass
• Tongaat Hullet Zimbabwe FY sugar production down 5pct
• Zim c/bank bids to formalise $2bn international remittance market
• Zimbabwe bourse to start online trading on July 3
• ZSE sets up bourse for SME growth