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.
• Tourism company Wilderness picked as preferred bidder for Air Botswana
• Egypt's foreign reserves rise to $31.126 bln at end-May
• Egypt aims to cut fuel imports to 10 pct of consumption by 2019
• Egypt allocates $8 bln for fuel subsidies in FY 2017-18 budget
• Egypt imposes tariffs on Chinese, Turkish, and Ukrainian steel
• Egyptian wheat imports thrown back into uncertainty as ergot ban looms
• Egypt attracts $8.4 bln foreign investment in domestic debt since flotation
• Egypt's urban consumer price inflation falls to 29.7 pct in May
• Egypt reduces arrears owed to foreign oil companies to $2.3 billion
• Egypt investment minister to submit draft investment regulations to government within a month
• Egypt inflation eases for first time since currency float
• Average yields fall on Egypt's six-month and one-year T-bills
• Ghana’s gold output jumps to 4.13 million ounces in 2016
• Mining firms demand economic respite despite boost in revenue
• World Bank report cites corruption for low cocoa production in Ghana
• Ghana to begin cocoa mid-crop purchases on Friday- regulator
• Ghana Cocoa Board Debt Reaches $2.2 Billion as Prices Slump
• Vodacom’s Safaricom bid gets key owner nod
• Kenya Re buys more Co-operative Bank shares
• Kenya government says to guarantee $750 mln in Kenya Airways debt
• Kenya to convert $243 mln debt in Kenya Airways into equity
• Kenya to export crude three times in a year
• Kenya central bank to hold next rate-setting meeting on July 17
• Kenyan Opposition Leader May Consider Tax Cuts to Woo Investors
• Kenya to Lower Growth Forecast as Drought Cuts Food Output
• Coffee farmers’ earnings rise to Sh630m under Nestlé plan
• Kenyan court restores telecom regulator's competition powers
• Kenya private sector activity stagnates in May
• Mauritius inflation surges to 5.9 pct in May
• Zenith Bank’s Eurobond Four Times Oversubscribed
• FCMB Restates Commitment to Customer Satisfaction
• Ecobank Moves to Deepen Customer Satisfaction
• International Breweries Plc to Merge with Intafact, Pabod
• Lafarge Africa shareholders approve N140bn rights issue
• BPE, NSE to Define Terms for Listing Privatised Firms on Bourse
• Nigerian share index hits 23-month high
• Nigeria central bank imposes new spread limit in bid to increase liquidity
• Nigeria's stock market ends two-week rally, index sheds 1.2 pct
• Nigeria seeks approval from lawmakers for $1.5 bln loan for states' projects
• FMDQ Boss Seeks Harmonisation of Foreign Exchange Rates
• Nigeria's central bank to sell dollars to airlines, fuel importers
• Nigeria to start international roadshow for diaspora bonds sale
• Nigeria refining capacity is one-sixth of needs, says oil minister
• NMB pays 17bn/- dividend to government
• Dar among top growing economies in 2018
• Tanzania's year-on-year inflation falls to 6.1 pct in May
• Govt puts on hold Eurobond deal on hiked interest rate
• Zambia Sugar says refined sugar output up 47 percent
• Zambia Copper Production to Rise 4% to Record, Lobby Group Says
• Econet still refusing to share infrastructure: Govt
• Lafarge Q1 revenue, volumes fall 15pct
• Zimbabwe's Hwange Colliery Plans to Cut Workforce by About Half
• Barclays Rejected Zimbabwe Management-Buyout Bid in Favor of FMB
• Insurer NicozDiamond’s GPW up 11pct
• RBZ approves miner Vast Resources share disposal
• Ariston narrows loss to $2mln, expects biggest macadamia crop
• SeedCo net income 40pct up to $21mln, seeks to unbundle external operations
• PPC profit plummet 96pct, revenue up
• Hippo Valley back in the black with $7,7mln FY net income
• World Bank lowers Zimbabwe’s GDP growth to 2,3pct
• Zimbabwe government issues $600mln TBs to pay ZESA debts
• ZSE market capitalisation hits $5bln
• Tobacco Seasonal Exports Rake in Over $200m
• Budget deficit races to $230m in Q1
• Zimbabwe to sell wildlife to DRC, Gambia