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's Edita to list 30 pct of ordinary shares in secondary offering
• Egypt expects LNG deals with Shell and Total in new bid round
• Egypt's Pioneers snaps up cheese maker Arab Dairy
• Regulator approves Orascom Construction stock market flotation
• Egypt's steel tycoon Ezz gives up second license before judges in retrial
• Tobacco taxes boost local product sales for Eastern Co; foreign cigarettes down
• Sodic invests LE400 m in 301 acre project
• Sharkia National Food calls OGM on March 28
• Orascom Construction IPO first phase 2.7 times covered
• Egypt to double FDI this fiscal year: minister
• Egypt's cabinet approves long-awaited investment law
• Egypt sees Suez Canal zone making up 30-35 pct of economy
• Tullow Oil Drops on Concern Ghana Dispute May Halt Activity
• Ghana 91-day bill yield falls to 25.8029 pct
• BoG to shut down 40 illegal microfinance firms
• Ghana plans to issue $1 bln Eurobond in 2015: finance minister
• KenGen scouts for transaction adviser to steer Sh30bn offer
• Kenya's Centum pursuing sales to fund power, real estate deals
• East African Portland Cement swings into half-year loss
• National Bank of Kenya's pretax profit up 34 percent in 2014
• Kenya's Keroche Breweries eyes market share surge to 20 percent
• Safaricom, EABL to outperform parent firms
• EABL issues new corporate bond, targets Sh11bn
• Firm wants Nairobi bourse to approve Gems public offers
• Kenya's Mumias sugar H1 loss widens, sees better second half
• Barclays Kenya's 2014 pretax profit up 10 pct to 12.3 bln shillings
• World Bank sees Kenya's GDP growth at 6.0 pct in 2015
• Kenya plan needs oil price rebound-Africa Oil
• Mauritius expects trade deficit to rise by 9 pct in 2015
• Mauritius central bank seeks to buy gold from Australia
• Mauritius yr/yr inflation rose to 2 pct in February
• Forte Oil to Maximise Value for Shareholders
• Oil producer Afren gains another extension on debt payment
• Nestle Nigeria slows capex as consumers feel devaluation pinch
• Nigeria's Honeywell group plans to spin off two units in next two years
• Oil producer Afren defaults on 2016 bonds
• Gas demand in power-hungry Nigeria to drive growth at producer Seplat
• Access Bank Extends N52.6bn Rights Issue by Two Weeks
• Diamond Bank sees "minimal" loan growth as economy falters
• Flour Mills of Nigeria to cut capex as economy falters
• Zenith, GTBank Declare Improved Profits in 2014
• IFRS Has Increased Investor Confidence in Nigeria
• Nigerian Sovereign Fund Doesnt Expect State to Tap It for Funds
• Nigeria likely to lower estimate for 2015 GDP after naira drops
• Fuel shortages hit Nigeria as currency woes hurt importers
• Pension Assets to Hit N140tn
• Nigerias Power Industry Held Back by Lack of Credit, Gas
• Swissport posts 78 pc rise in profit
• Dar bourse expects six more IPOs
• World Bank loans Tanzania $300 mln to improve city
• Tanzania cuts fuel prices for six months in a row on lower import costs
• Zesco in $480 million loss
• IMF to aid economic growth
• Zambia gets $9.5m WFP allocation
• MBCA Bank concludes US$20 million deal
• Mauritius firm snaps up 59,4pc Zimplow stake
• AfrAsia banking group leaves Zimbabwe
• HCCL closes recapitalisation deals
• BNCs $20 million bond offer complete
• Imperial seals another million-dollar deal with Delta
• Zimbabwe's Innscor targets Africa expansion after H1 earnings fall
• ZSE registers mixed performance in February
• IMF says Zimbabwe needs credible plan to clear arrears