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 says foreign reserves rise to $17.011bln at end-April
• Tullow says Ghana's Jubilee oilfield pumping 30,000 bpd
• Investors in Ghana's Biggest IPO Fret as Listing Deadline Looms
• Uchumi talks to creditors in bid to turn debts into shares
• Chase Bank receives Sh100m in new deposits
• Kenya's economy expanded by 5.6 pct in full year 2015
• Recovering tourism sector registers low numbers
• Kenya sets 2016/17 budget deficit at 9.3 pct of GDP, but likely to fall
• Kenya private-sector activity rebounds in April, PMI shows
• Kenya's 364-day t-bills yield declines to 11.723 pct
• NB posts N77.55bln revenue, N10.5bln profit in Q1
• Transcorp plans to adopt idle gas plants
• CEO of Nigeria's Fidelity Bank remains in custody, shares down
• Nigeria's UBA plans African expansion - chairman
• Wema Bank optimistic on dividend payment, posts N3.05b gross profit
• Nigeria to begin exploratory oil drilling in Chad Basin by October
• Moody's Downgrades Nigeria's Sovereign Issuer Rating to 'B1'
• Nigeria's Manufacturing Index Declines in April
• Nigerian capital imports plunge 74 pct in first quarter, stats office says
• Nigeria raises 150.6 bln naira in T-bills at higher returns
• Inflation Projected to Rise Further to 13.2%
• NMB floats 200bn/- bond in trenches
• Tanzania plans gas pipeline to Uganda
• DSE IPO starts in next ten days
• Tanzania among Africa's mobile banking leaders
• Zambia's 2016 maize production seen higher than forecast at 2.87 million tonnes
• Zambia's 2016 fiscal deficit seen slightly below 8.1 percent of GDP
• Hwange seeks $7,5m loan
• Two firms removed from Zim Stock Exchange
• Nampak H1 revenue up 4pct to $47,5 mln on strong demand
• Agribank seeks to raise $20mln through agro bills
• Barclays keeps tight rein on lending to avoid bad loan nightmare
• Metallon Q1 output falls 15pct as power outages worsen
• Econet launches massive consumer promotion
• IMF to consider Zim progress report
• Zimbabwe to introduce bond notes as cash shortages bite
• Zimbabwe needs 'bold reforms' as economic difficulties deepen
• Bank lending rates to decline to 15pc