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.
• Cupric Canyon Capital to start building new Botswana mine
• Botswana invites bids for 100 MW solar power project
• Botswana central bank leaves bank rate unchanged at 6.5 pct
• Egypt's El Sewedy Electric posts Q1 net profit of $35 mln
• Egyptian lender CIB to buy Citi's Egypt retail business
• Egypt's Global Telecom posts Q1 2015 net loss of $82 million
• Egypt's Suez Canal Authority gains powers to set up joint-stock firms
• Trade deficit, pause in aid, plunge Egypt's c/a into the red
• Egypt inflation to fall to single digits in 2-3 years
• Egypt to allow unrated and covered bonds this summer: EFSA head
• African bank opens $500 mn credit line to fund Egypt's exports to continent: Minister
• Egypt's urban consumer inflation rises to 13.1 pct in May: CAPMAS
• Egypt's core inflation rises to 8.14 percent in May
• Egypt government approves proposal to set up sovereign investment fund
• UT Bank targets GH ¢100m additional capital
• IFC signs $8m deal with Ghana's Quantum Oil Terminal
• Inflation Rises To 16.9%
• Ghana to add 1,000 MW of power and end blackouts in 2015
• KCB signs up 1.8m mobile banking customers
• Safaricom Targets Higher-Earning Kenyans in Data-Bundle Growth
• Kenya's Chase Bank raises 4.8 bln shillings as bond draws strong demand
• StanChart Kenya to cut bad debts below 5 pct in 2015
• Kenyan shilling firms ahead of Tuesday's benchmark rate meeting
• Kenya's central bank raises benchmark lending rate to 10 pct
• Kenya Scraps Capital Gains Tax on Shares After Brokers Protest
• Kenya budget deficit climbs, fuelling financing concerns
• Mauritius' 182-day Treasury bills yield rises to 1.72 pct
• Mauritius offers 3-year Treasury bond 1.5 bln rupees
• Skye Bank Mulls HoldCo Structure
• Fidelity Bank Moves to Boost Workers' Productivity
• Shareholders okay Mainstreet Bank take-over by Skye Bank
• Flour Mills of Nigeria plans 40 bln naira rights issue
• Nigeria's Stanbic IBTC to raise 20.4 bln naira in rights issue
• Total Nigeria's N3.78bn Dividend Excites Shareholders
• NAHCO Records N8.133bn Profit
• Nigeria fuel marketers say working to ease shortages
• NBS: Unemployment Rate Climbs to 7.5% in First Quarter
• FG to issue $353 domestic bonds next week
• SEC urges state govts to embrace capital market for infrastructural development
• NSE's indices sustain sliding profile, down by N10billion
• CBN pegs naira/dollar exchange rate at N196.90
• Nigeria inflation rises to 2-year high on food prices
• Mwalimu Bank listing now June 22
• Tanzania lifts gas resources estimate to 55 trillion cubic feet
• Shilling drops 20 per cent in five months
• Capital markets body out to step up awareness on stocks
• Demand for long-term bonds seen falling
• First Quantum Mulls $1.5 Billion Plant to Power Zambian Mine
• Zambia Sells $79 Million Mines Company Stake to Pension Fund
• Ghana hotel pushes African Sun revenue up 10pct
• Lafarge to Invest More On Plant Upgrades
• Proplastics debuts on ZSE
• Delta pays out dividend
• CFI Holdings begins verification
• ART posts $651 000 operating profit
• RTG revenue down 14pct in Q1 on low conferencing
• France to offer Zimbabwe financial support once Harare clears debt
• IFC team visits Zimbabwe, to consider private sector funding
• IFC takes first step towards resuming lending to Zimbabwean firms