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.
• Egypt will not bring back fungus ban vows grain authority
• Egypt needs to improve rule of law, freedoms to attract investors - Germany
• Egypt central bank says removes foreign currency transfer limit
• Ezz Steel could raise steel rebar output if tariffs continue
• Egypt's current account deficit narrows by 38 pct in third quarter -c.bank
• Banking sector aiding GSE rebound - GSE CEO
• Ghana Leader Favors Constitutional Change to Boost Finances
• Inflation to increase to 13.3% in May 2017
• Cedi’s woes hamper Stock Exchange’s performance
• Ghana to buy shares in Cadbury, Nestle and other international food companies
• IMF Says Ghana at Risk of Debt Distress as Bond Planned
• Consumer Price Inflation for May records a decline
• KCB Group offers to take over National Bank of Kenya
• Kenya's Centum Investment pretax profit drops 18 pct
• Kenya Airways gets first set of licences for direct US flights
• Kenya Power starts rollout of Sh13bn cables network
• Co-op leads listed banks in credit growth with 15pc jump
• Malawi's inflation slows to 12.3 percent in May
• Foreign investment into Mauritius down 32 percent in Q1
• Transcorp Hotels Completes Renovation of Transcorp Hilton Abuja Executive Floors
• $500m Eurobond oversubscribed by 240% – UBA
• CAP Plc Shareholders Approve N1.54 Billion Dividend
• UAC to boost capital with N15.4bn rights issue
• FG-listed bonds hit N6.82tn in first quarter
• Nigeria's presidency to sign 2017 budget into law next week
• Nigeria Bank Divide Widens as Cash Shortage Chokes Small Lenders
• Nigerian acting president signs 2017 spending plan into law
• Rights issue spurs resurgence of primary market activities
• Nigeria plans 133 bln naira treasury bill sale next wee
• Tanzanian Government Accuses Acacia of Mining Gold Illegally
• Tanzania signs $154 mln contract with Chinese firm to expand main port
• Acacia Mining disputes Tanzania audit as shares sink
• Tanzania central bank announces new capital rules, orders banks to cut bad loans
• Barrick's Thornton Meets Tanzania Leader in Acacia Tax Feud
• IMF may grant Zambia $1.3 billion funding package
• Agribank PAT 300pct ahead of budget
• Brainworks to list on JSE, IPO set for July
• Econet leverages on broadband and Ecocash to protect topline
• Altfin creditors to recover only 25pct of money owed
• ZSE bull run boosts First Mutual net income
• Zimtrade, SAZ Sign 2nd MOU
• AECF to Channel $10m Towards Solar Projects
• SA’s Alexander Forbes acquires African Actuarial Consultants
• Zimbabwe bans grain imports after higher maize output
• IPEC in maiden $50mln bond issue
• Govt says wage bill now at 65pct of expenditure after freeze on hiring
• Securities commission to introduce online trading
• Inflation rises to 0.75pct in May