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 CIB completes $40mln sale of investment banking unit
• Egypt received two cargoes of diesel fuel from Saudi Aramco
• World bank disburses another $1 billion loan to Egypt
• Egypt targeting $9 bln in foreign financing in FY 2017-18
• Energy sector debt: Government's debt to banks, fuel suppliers hits $1.2 b
• Kenyan oil firm KenolKobil to open 30 new stations this year
• Tullow Oil’s rights issue to boost Kenyan exploration
• South Africa fund raises KenGen stake with 85.1 million more shares
• Kenya Treasury Concludes $800 Million Syndicated Loan Accord
• Kenya to start offering mobile-phone-based bond to investors
• M-Pesa cash ceiling to go up in bid to boost M-Akiba bond
• Transcorp shareholders okay 40 kob
• Cadbury Records Full Year Loss of N563m
• Zenith Bank shelves plans to raise 100 bln naira due to weak economy
• Nigerian overnight lending rate eases on expected fresh funds
• Nigerian central bank head urges cooperation on monetary, fiscal policy
• Naira to Appreciate Further as CBN Boosts Forex Sale
• Cost of funds rises as investors stake N451bn in government securities
• Shrinking Economy, Surging Prices to Keep Nigeria Rates on Hold
• World Bank approves $57bn for Nigeria, others
• Nigeria's Central bank to sell $100mln forward at auc
• Nigeria has floated naira "within a range"-cbank gov
• Nigeria central bank keeps benchmark rate at 14 percent
• Nigeria's government revenues fall in February due to lower oil prices
• Improved FX Supply Raises Optimism about Nigeria’s Outlook
• SEC Moves to Deepen Capital Market via New Cost Structure
• Nigeria FX traders widen spreads after black market naira rally
• NMB inaugurates new money transfer service
• World Bank to lend Tanzania $2.4bln over 3 years for infrastructure projects
• Gold exports slim Tanzania's current account gap in year to January
• U.S. firm seeks $561 million from Tanzania in power supply dispute
• Kalungwishi power plant back on track
• Zambia Copper Miners Face $276 Million Bill in Power Dispute
• NicozDiamond PAT 41pct to $1mln as regional operations suffer
• Caledonia in record gold output at Blanket Mine
• Headwinds facing Delta Corporation to hit earnings
• Ecobank after-tax profit up 91pct
• POSB after tax-profit up 22pct
• Zimre Property narrows FY loss to $1,4mln
• Simbisa Brands after-tax profit up 5pct
• Edgars profit down on retrenchment exercise
• Zimbabwe prints $102 million in bond notes, half its limit - state newspaper
• TIMB takes over afforestation fund
• Chrome exports up 320%