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 BCL to be sold off piecemeal after sale talks fail
• Botswana's central bank holds lending rate at 5.5 percent
• Botswana issues tenders for coal-to-liquid project
• Egypt's CIB seeks to increase its capital by 25 pct
• Egypt's Suez Canal revenue rises to $439.8 mln in may from $427.9 mln in April
• Egypt provided $121 mln in emergency funding to GASC in May - Finance Ministry
• Egypt president ratifies capital gains tax freeze extension, approves stamp duty
• Egypt will receive second disbursal of IMF loan within 2-3 weeks
• Ecobank gets approval to raise $400 million to strengthen capital position
• Ghana's 2016-17 cocoa main crop reaches 6-year high
• Parliament backs $750 mln state guarantee for Kenya Airways debt
• National Bank fined for not reporting profit drop
• Uchumi, too, hasn't paid workers their May salaries
• Deacons takes Sh1.3bn loans above rate cap
• Treasury still holding on to Sh73bn for counties
• Kenya joins Africa’s big projects funder AFC
• Malawi sees IMF loan approval as signal of donor confidence
• Shell Nigeria considering investment in gas project in Niger Delta
• Julius Berger, Petrolan Energy Partner to Acquire Oil Fields
• Heritage Bank Grows Agent Outlets to 400
• Dangote Cement May Shut Ethiopian Plant Over Mining Disputes
• NB targets 60% local raw materials
• Nigerian exchange bureau head urges rate unification
• Nigeria to sell 140 bln naira bonds on June 21 - debt office
• Nigeria’s Half-Measures on Currency Are Only Half-Working
• United Capital Lists Two Mutual Funds on Stock Exchange
• Investors cheer Nigeria currency shift, want more
• Nigeria's government revenues rise in May due to higher corporate tax proceeds
• Acacia hopes talks will rebase environment
• Vodacom primary offer results out this week
• Investors’ appetite for t-bills hit record high
• Z’bar inflation balloons to nine months high
• Kwacha to make further gains
• Zambia, Malawi trade on rise
• Zambia limits 10 percent tax on maize exports to boost output
• Willdale H1 loss widens to $381k after incessant rains hit production
• RioZim in talks with investor over $2bln Sengwa project
• Agribank sets up $10mln facility for horticulture
• Zinara, Ecocash launch tollgate payment mobile app
• Zimpapers 2017 capex at $3,8mln
• Exchange rate stalls ZPI’s sale of properties
• Zimbabwe raises mandatory fuel blending ratio to 15pct
• Tobacco sales drive broad money supply up 23pct
• NSSA consolidates insurance portfolio with FML, NicozDiamond deal
• Cash crisis to continue
• Month-on-month inflation up 0,27%
• Zimbabwe May Clear $1.7 Billion Arrears in 2018, Bank Says