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 cenbank sees economic growth above 4 pct in next two years
• Botswana keeps lending rate unchanged at 5.5 percent
• Egypt to receive $1 bln World Bank loan in March -central bank chief
• Egypt lowers customs exchange rate to 15.75 pounds per dollar from 16
• Egypt's pound weakens as importers prepare for Ramadan
• Egypt's Finance Minister to propose stamp duty on stock market transactions
• Egypt's foreign reserves rise to $26.542 bln at end-February
• Pension funds seen boosting GSE activities
• Ghana Faces Budget Bind; Unplanned Spending Roils Investors
• Ghana aims to narrow budget deficit to 6.5 pct in 2017: budget speech
• Ghana to review its $918 mln programme with IMF -annual budget
• Housing Finance ordered to pay borrower Sh45 million
• Safaricom starts pilot phase of Lipa na M-Pesa cards
• Barclays Africa Plans Kenya Gold ETF Listing Early This Year
• Limuru tea projects decline in its full year earnings
• Uchumi halves losses to Sh547 million amid falling sales
• Mumias Sugar sounds profit warning as half-year loss escalates to Sh2.9b
• Nestlé Kenya launches reformulated 3in1 nescafe coffee sachets
• Vodafone Kenya Unit Faces Proposals for Split in Dominance Study
• KenGen’s profit dips to Sh4.6bn on lower sales, higher expenses
• Safaricom taps ex-Orange CEO, Ndemo to board
• Kenya central bank to hold rate-setting meeting on March 27
• Soaring food costs send Kenyan inflation sharply higher
• Kenya's energy regulator approves coal-fired Amu Power plant
• Mitsubishi Hitachi to supply turbines for 140 MW Kenyan geothermal plant
• Treasury seeks additional Sh24b in infrastructure bond tap sale
• NSE investor wealth down Sh33bn as top counters shed value
• Tea price unchanged as high volumes hit Mombasa auction
• Sugar stocks held by factories drop by 35pc on improved price
• Kenya horticulture export earnings up 12 percent in 2016
• Kenya private sector activity slows down due to drought
• Malawi sees bigger maize harvest despite pest invasion
• Mauritius expects tourism earnings to rise 3.8 percent this year
• Nigeria's Zenith Bank to seek approval to raise 100 bln naira
• Dangote ends Nigeria’s cement importation
• MTN Moves Closer to Nigeria Listing That May Regain Goodwill
• Transcorp posts N5.93bn loss, Cutix announces profit
• Nigeria's Access swapped $50 mln with JP Morgan at 400 naira in Jan
• Nestle Nigeria Cuts Dividend as Profit Declines 66% to N7.6bn
• Nigerian insurance market bigger than South Africa’s – Old Mutual
• Forex: CBN’s lending to banks rises to N1.6tr
• Nigeria's economy contracted by 1.5 pct in 2016
• Nigeria's central bank to auction $100 mln in currency forwards
• Nigeria boosts sales of dollars to strengthen the naira
• Nigeria economy contracts, but "well on its way out of recession"
• FG targets 3m bpd oil production in 5 years
• N1.15tn revenue shortfall recorded in 2016 –FG
• Tanzania's Vodacom seeks to raise 476 bln shillings in IPO
• China's Sinoma to build $1bln cement plant in Tanzania
• Tanzania regulator raises petrol, diesel prices
• Standard Chartered Bank's Zambia unit appoints new CEO
• Barclays Bank's Zambia unit appoints new Managing Director
• Zambia hopes for IMF programme before end-June - finance minister
• Zambia to tag bank account holders in bid to broaden tax base
• PPC Cement business gives NRZ a lifeline
• Barclays FY PAT more than doubles, total income up 27 percent
• Falgold says Dalny Mine sale to boost financial position, revive operations
• Blue Ribbon to commence $7mln Harare plant expansion in H1
• Amplats expects to finish constructing Zim platinum smelter in H2, 2018
• MBCA FY profit falls 3pct
• Getbucks FY PAT down 10 pct, deposits cross $1mln mark
• CBZ to use TBs for long-term funding
• ZB posts 22pct leap in FY PAT, optimistic about post-sanctions future
• RBZ dreads further US dollar rate hike
• Zim racks up $1,2bln budget deficit as foreign travel doubles
• Zimbabwe public sector workers to protest over bonuses
• AfDB debt mission heads for Zim
• NSSA plans voluntary contributory scheme
• ZSE main index, market capitalisation falls 3,5pct in February