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 seeks to attract investors to mining town with tax cut
• At least 17 firms express interest to operate Botswana national airline
• EFG Hermes expects to seal 470 mln pounds deal to buy UK solar assets by June
• Germany offers Egypt $500 million to support economy
• Signs Egypt's Economy May Be Recovering as PMI Rises
• Remittances from Egyptians at $5 bln in three months after currency float -c.bank
• Ghana Mulls Doubling Capacity of Planned Second Oil Refinery
• Banks register negative growth
• Kenya's Standard Group swings into full year profit in 2016
• Bidco to invest $200 mln, aims to quadruple Kenya revenue
• KenolKobil profit up 19.7 per cent on higher sales
• Markets regulator gets nod to probe auditors of Uchumi
• KenGen in plans to sell power directly to large consumers
• Bamburi Cement profit flat at Sh5.89bn on tight competition
• Kenya says $750 mln syndicated loan plan still on track
• Kenya central bank: Inflation jump marks no underlying change
• Treasury to craft tax rules for securities lending and borrowing
• Tea price defies jump forecast to drop by Sh14 at auction
• Oando, Conoil Owe PPMC N7.6 Billion – Lawmaker wants subsidy debts cleared
• Transcorp expresses confidence for improved earnings
• Dangote Cement drags Nigerian stocks to a more than 10-month low
• Access Bank Grows Profit to N71.4bn, Pays 40k Final Dividend
• Shell Nigeria shuts Bonga oil field for at least a month
• Stanbic IBTC Assures Shareholders on Sustainable Growth
• Nigeria trade balance turns positive in Q4 as exports jump
• Nigerian firms expanded in February lifted by new orders: Stanbic PMI
• Nigeria, Egypt Seek to Boost Trade Ties
• Nigeria to open up government airports to private investment
• Nigeria's central bank sells $367 mln of FX forwards
• Egypt's pound shows Nigeria must overcome its fear of floating free
• Nigeria sees return to strong growth under recovery plan
• Nigeria records increase of 6.5 per cent external trade in 2016 – NBS
• Nigerian regulators meet to try and solve Etisalat loan issue
• Nigeria stocks at 16-year high in dollar terms on weaker naira
• FG targets N800bn oil revenue increase in three years
• Acacia halts gold, copper exports from Tanzania, shares plunge
• MaxMalipo eyes IPO
• Vodacom Tanzania says IPO to start on March 9
• Tanzania central bank cuts its discount rate to 12 pct
• Shilling down 2.0 pc in two months of this year
• Zambia Risks Corn Storage Overflow on Export Ban, Traders Say
• Revisit double tax pacts, State told
• ZB to reclaim $5,9m embargoed funds
• Zimpost eyes $22m revenue in 2017
• PPC Zim struggling to utilise expanded capacity in sluggish econo
• Old Mutual reports 20pct jump in Zim profit, frets over bond notes
• Axia HY profit down 16pct
• BAT facing new challenges as competitors circle for market share
• ZimAsset is anchored on effective implementation of PPPs
• Government issues TBs to settle $181mln NSSA contribution arrears
• Zim export capacity regressing
• Zimbabwe finmin revises 2017 economic growth forecast to 3.7 pct: state newspaper
• Borrowers can pledge shares as collateral, securities depository says