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 Choppies to spend $55 million on new stores
• Botswana Feb inflation quickens to 3.4 pct y/y
• Telecom Egypt proposes higher 2016 dividend at 1 EGP/shr: official
• Average yields fall on Egyptian three and nine-month T-bills
• Egypt's wheat reserves to double with start of harvest -supply min
• Egypt's capital set to grow by half a million in 2017
• IMF delegation to visit Egypt from April 28 to May 8
• Egypt expects to receive second tranche of the IMF loan in May or June
• Average yield on Egypt T-bills rise at auction
• MTN to spend $143 million on network expansion in 2017
• Ghana's 2016/17 cocoa purchases totalled 657,349 tonnes by Feb. 23
• Ghana February consumer inflation falls to annual 13.2 pct
• Kenya's EABL says to raise 6 bln shillings via medium term note
• Equity Group’s net profit drops by 4 percent to Sh16.6 billion
• Co-op Bank posts biggest full-year profit jump among top lenders
• Uber Kenya hikes fare by 20 percent after driver strikes
• Kenya's central bank finalising licences for two new banks
• Kenya to present budget on March 23
• Kenya to sell 5-year T-bonds 30 bln shillings in March
• Kenya president says borrowing has fueled economic success
• Kenya telecoms regulator says has no intention to break up any company
• Kenya to start exporting oil in June, on trial basis
• Rate cap hampers Kenya's government debt auctions
• Malawi's inflation slows to 16.1 percent in February
• Yield on Mauritius 20 year Treasury bond falls to 6.54 pct
• Oando divests interest in captive power plants
• Guinness Nigeria offers 5 for 11 shares in N39.7b rights issue
• Transcorp Hotels’ profit rises to N3.7bn
• GT Bank to reduce loan growth to focus on bond investment
• ContinentalRe Grows Profit to N3bn, Declares 14k Dividend
• Access, GTB, Zenith Record N120bn Impairment Charges
• First Bank seeks long-term action for agric sector
• Total grows profit by 266%, IEI delays result
• Nigeria central bank governor defends policy of limiting imports
• Inflation Projected to Decline in February
• Naira eases on official market after central bank dollar sale
• Nigeria offers new retail savings bond with 13.01 percent coupo
• Nigeria's telecoms regulator sees deal in Etisalat debt talks
• Nigeria inflation eases for first time in 15-months in Feb: stats office
• Nigerian lawmakers aim to pass 2017 budget by end of March: Senate president
• SEC reduces cost of raising capital
• Banks in stand-off with Etisalat Nigeria over problem loan
• CBN injects fresh $100m into forex market
• IFC Official Faults Nigeria’s Economic Recovery Plan
• Vodacom IPO turnout baffles brokers
• Tanzania gives coal mining licence to Dangote after president's order
• Acacia Mining boosted by Peel Hunt upgrade
• Tanzania central bank asks commercial banks to cut lending rates
• Relief as shilling stabilizes in March
• Local investor eyes business expansion after Turkish President’s visit
• External debt up due to shilling fluctuation
• Italian firm eyes car market in Tanzania
• Current account deficit narrows as exports rise
• WB President, JPM set to launch Ubungo interchange construction
• Zambia Sees 2017 Corn Harvest Rising to More Than 3 Million Tons
• Tongaat Hulett sees raw sugar production up 26 percent in 2 years
• ART chief executive Ameer quits
• TelOne slips to $35mln FY loss as voice revenue drops 25pct
• Old Mutual Zimbabwe FY PAT grows 600pct to $92mln
• Econet sees growth in mobile revenue
• Innscor HY profit up 16pct to $18mln
• PPC’s new plant ‘ideal for exports’
• Schweppes Zimbabwe’s Best Fruits unit to set up $10mln plant in Matabeleland
• Tobacco output remains flat, prices seen depressed
• ‘Social contract, devaluation to stem imports’
• Zimbabwe seeks new South African electricity supply deal
• Delays in foreign payments to hit mining output
• Zimbabwe hopes tobacco sales will ease dollar crunch
• Zimbabwe consumer prices rise 0.06 percent y/y in February
• Cheap imports choke cement producers
• Zim signs infrastructure funding MoU
• Bankers warn over interest rate cuts, TBs
• Zim eyes $1,5m exports to Tanzania