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 CPI slows to 0.2 pct m/m in May: stats office
• El Sewedy Electric to develop solar power plant in Upper Egypt
• Egypt's EFG-Hermes says well-capitalised, east Africa of interest
• Egyptian Petrochemicals to finalise $2bn propylene project by October
• Egyptian dairy maker Domty plans to list on Cairo bourse by early next year
• Emaar Misr sets IPO price at 3.8 Egyptian pounds per share
• National Bank of Egypt approves $91 million Finance for Oil Firm
• Egypt says New Suez Canal to open Aug 6, eyes economic boost
• First phase of wheat storage system project to save Egypt $200 million a year
• Egypt Central Bank to offer treasury bills worth $700m
• Egyptian trade deficit widens 11 pct in March: CAPMAS
• Egyptian Suez Canal revenue at $449.6 mln in May
• Egypt draft 2015/2016 budget projects 9.9 pct deficit, 5 pct growth
• Ghana's president says slowing inflation shows fiscal plan working
• Ghana's producer price inflation eases to 19.0 pct in May
• Ghana cocoa regulator to seek $1.8 bln loan for 2015/16 season
• Ghana's unadjusted Q1 GDP growth jumps to 4.1 pct y/y
• Ghana's 2014 gold revenues fall 17.4 pct on lower output
• As Deadly Floods Subside, Ghana's Borrowing Costs Are Rising
• Old Mutual gets approval to acquire UAP
• Britam of Kenya's Biggest Holder Has Its Stake Put Up for Sale
• Centum's profit jumps to Sh7.9bn on sale of UAP
• StanChart links up with two firms to sell insurance in its bank halls
• Kenya's Centum says $61 million bond is 38 pct oversubscribed
• Kenya's central bank says in market to mop up 8 bln shillings
• Kenyan tea firms slide to annual loss on supply glut
• Malawi's CPI quickens to 19.5 pct y/y in May
• Air Mauritius plans to cut costs after posting full-year loss
• Mauritius 4-year central bank note yield at 4.29 pct
• GSK Shareholders Get Dividend, Bonus Shares
• Custodian and Allied Assets Hit N50 Billion
• Nigeria's Stanbic IBTC to publish list of loan defaulters
• FirstBank unveils FBNBank Guinea
• Transcorp Ughelli Power increases capacity, targets acquisitions
• Oriental Energy, Afren Energy Complete First Devt Oil Well
• Lafarge Loses N2.5bn in Six Months to Insurgency in North-east
• Nigeria, Others to Attract N14.55 Trillion FDI in 2015
• CSCS Records N8.2bn Growth in Earnings
• Nigeria $5.6 bln power plants sell-off stalls on gas shortages
• Nigeria to raise 120.5 bln naira in Treasury bills next week
• Geometric Power, GE to build 1,080 MW plant in Nigeria
• Brewing firm operations get digital boost
• CRDB Bank of Tanzania Targets Congo Expansion After Rights Offer
• Tanzania's Eurobond launch now imminent
• Investors' appetite for TBs falls
• Tanzania current account deficit narrows 23 pct in year to April: central bank
• Ikulileni LuSE listing withdrawn
• First Quantum says optimistic of "rational" Zambia tax
• Zambia finmin seeks to borrow more to plug financing gap
• Zambia Debt Costs Set to Soar After 'Terribly Wrong' Budget Call
• Zambia's budget deficit poses risk - World Bank
• Econet secures South Africa cash remittances deal
• Dairibord commissions milk plant in Chipinge
• RTG launches online auction website
• PG Industries Seeks ZSE Readmission
• Atlas Mara sells stake in Brainworks
• ZimAlloys secures investors to inject over $50 mln after chrome export ban lift
• Zimbabwe's Hwange to Sell 50,000 Tons of Coal to South Africa
• Zimbabwe consumer prices -2.7 pct y/y in May: Zimstats
• Deflationary pressures persist
• Poor infrastructure costing Zimbabwe $1bln annually, says AfDB