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.
• Orascom Construction says banks offer $1.95 bln for Egypt power station
• Telecom Egypt aims to increase infrastructure investments to LE3 bln in 2015
• GB Auto submits capital increase documents to EGX
• EGX to list Wadi Kom Ombo shares after split on March 23
• Sisi says Egypt needs $200-$300 billion to develop
• Egypt targets 4.5-5 pct growth in 2015/16
• Egypt's current account hits deficit of $2.9 bln in Oct-Dec quarter
• Ghana raises budget-deficit target as oil revenue drops
• Ghana Downgraded Deeper Into Junk by Moodys as Oil Slide Bites
• Microfinance companies to be hit by mergers and acquisitions
• Ghanas power deficit offers great investment opportunities
• Kenya's Standard Group 2014 profit up 8 pct on advertising boost
• Kenya Commercial Bank Targets 30% Gain in Mobile Transactions
• Co-operative Bank of Kenya says 2014 pretax profit flat
• Safaricom sets new record as market value hits Sh630bn
• MPs accuse Deloitte of cooking Mumias financials
• Safaricom joins digital migration plan
• Kenya Beckons Banks With $3.2 Billion of Road-Building Contracts
• Chase Bank plans private offering to raise Sh2.5bn
• NSE 20-share index rises for the first time in two weeks
• Tea firms cut output as leaf shortage bites
• Malawi February CPI slows to 19.7 percent y/y
• Lafarge Africa Declares N3.60 Dividend for Shareholders
• Dangotes $400m Zambian plant to produce first bag in two weeks
• Transcorp Hotels proposes 37 kobo dividend
• Nigeria's Access Bank posts 20 pct rise in 2014 pretax profit
• IFC says lends $175 mln to Nigeria's GT Bank
• NSE places Union Homes shares on full suspension
• GTBank Targets N120bn Profit Before Tax in 2015
• Ecobank, FCMB Unveil Initiatives to Empower SMEs
• Shell completes sale of OML 18 oil field stake in Nigeria
• Access Bank to build capacity in oil & gas sector
• Money market rates pare gains as liquidity tightens
• Nigeria Stocks Fall Most in a Month as Elections Loom, Oil Falls
• SEC Plans New Rules to Make Market More Attractive
• Declining Revenue: FG to Embark on Aggressive Tax Drive
• Nigeria government revenues fall 2 pct in Feb on low oil prices
• Sino-Tanzania trade boosts investment flow
• Tanzania budget spending seen flat in 2015/16
• Tanzania to get $380 mln loans from India for water projects
• Zambian consortium plans to bid for Collum Coal mine
• Zambia Bank Chief Seeks Magic Wand to Save Kwacha at Record Low
• Fitch downgrade will unsettle investors, affect FDI - EAZ
• ABC Holdings secures $50 million loan from AfDB
• Telecel Zimbabwe Working With Government to Avert Shutdown
• Zimbabwe national airline seeks $260 mln capital inject
• Rio Tinto plc pays Zimbabwe $14mln in taxes
• Dairibord reports $1,4mln profit, expects a better year
• Zimbabwe's Hwange Colliery, Glencore agree 6-month coke deal
• Sanlam eyes move into Zimbabwe
• Fidelity seeks JVs in gold production
• Tongaat says social spending should count in empowerment law
• Trade with China spikes
• Inflation continues in negative territory
• Reprieve for clothing manufacturers
• Retrenchments quicken by 40pct in 2014 RBZ
• Britain gives Zimbabwe $72m