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 Suez Canal revenue $853.7 million in April and March
• Egypt has procured 803,000 tonnes of wheat since start of harvest -supply min
• Egypt's 5-year and 10-year bond yields rise at auction
• Egypt issues $1.2 bln in one-year treasury bills, average yield at 3.488 pct
• Egypt has procured over 1 mln tonnes of wheat since start of harvest
• Egypt's annual urban consumer price inflation reaches 31.5 pct in April
• GCB Bank’s profits rise to GH¢299m
• Ghana 2016/17 cocoa purchases through April 20 up 13 percent
• Ghana makes strides in cashew production
• Ghana inflation rises to 13.0 pct in April on higher transport costs
• EABL blames erratic tax for its high business costs
• Nakumatt eyes Sh1.5bn savings with branch closure strategy
• Safaricom full-year profit rises 18.3 per cent to Sh45bn
• Mumias seeks Sh3bn fresh taxpayers bailout
• Kenya Airways near completing capital restructuring
• KCB first quarter profit drops to Sh4.54 billion
• Kenya shilling seen under pressure from energy sector dollar demand
• Kenya parliament seeks plan to curb rising food prices ahead of polls
• Mauritius' SBM holdings says bidding for stake in Kenya's Chase Bank
• New Mauritius Hotels pretax profit up 10.8 pct in first half
• Mauritius Rogers & Co 9-mth pretax profit down 18 pct
• Mauritius April inflation rises to 2.9 pct y/y
• Dangote to invest $450m in Sugar Production in Niger State
• Lafarge Africa to seek approval to raise 140 bln naira
• Wapic Insurance Q1 Profit Rises by 135%
• Nigeria stocks hit 4-month high lifted by oil firm Oando
• Eni to build crude oil refinery in Nigeria -oil minister
• Etisalat Nigeria loan talks stall as banks try to avoid provisions
• Nigerian Digital Boom Seen Boosting Ecobank Clients Fivefold
• Zenith Bank to Raise $500 Million to Boost Operations
• Nigeria almost triples budget for Niger Delta amnesty –presidency
• Nigeria Seeks $5.2 Billion From World Bank for Power Industry
• Naira traded at 400 for investors, traders discuss rates
• Moody's bank outlook, earnings lift Nigerian stocks to 6-month high
• Nigeria to start talks with General Electric over railway contract
• Nigerian lower house passes 2017 budget: lawmakers
• Oil workers go on strike at Exxon Mobil in Nigeria: union
• SEC sets aside N5bn for Capital Market Devt Fund
• Nigeria Senate approves 23-billion 2017-budget-to-boost-economy
• Tanga Cement upbeat about growth prospects
• Vodacom IPO ends on optimistic note
• Zanzibar projects 1tri/- for 2017/2018 budget
• Tanzania revokes FBME bank's licence over money-laundering probe
• Tanzania inflation unchanged at 6.4 pct yr/yr in April
• IMF Sees Tanzania Hitting `Soft Patch' as State Cuts Spending
• World Bank approves $200 million to improve Zambia's rural roads
• Zambia energy regulator approves 75 percent retail electricity hike
• Zambia President steps into row with First Quantum Minerals
• CFI narrows HY loss to $273k from $6,1mln
• RTG clears Afreximbank, PTA legacy debts
• Econet launches Wifi in kombis
• Revived Sabi Gold mine now at 40pct of capacity
• Caledonia caps Blanket 2017 gold production, prioritises mine development
• Delta FY revenue falls 10pct, profit at $70mln
• Innscor to delist Colcom, offers to exchange minority shares
• CBZ income up 7pct to $38mln in Q1 on increased business
• Barclays Zimbabwe interest income dips as lending slows down
• Competition watchdog probes Zesa, CAFCA barter deal
• BAT Q1 performance flat, expects stronger H2
• Zimbabwe risks power cuts from S.Africa's Eskom over arrears – paper
• Milk production up 5pct in March
• Diaspora remittances at $180m in Q1
• Tobacco sales rake in $300m
• Zimbabwe Gets Loan for $1.7 Billion AFDB, World Bank Arrears
• Pay back the debt, German envoy implores Zimbabwe