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 proposes debt for equity deal for troubled BCL Mine
• Botswana inflation inches lower to 3.4 percent y/y in April
• IMF reaches staff level agreement for second loan instalment to Egypt
• Egypt still has work to do despite glowing IMF review
• Average yields rise on Egyptian six-month and one-year T-bills
• Egypt procured 2 million tonnes of wheat from local farmers
• Fitch upgrades Ghana outlook to stable, says govt making progress
• 2016/2017 cocoa buying season ends on Thursday – COCOBOD
• Ghana's Cocobod says raises $200 mln through bond for purchases
• Ghana's New Central Bank Boss Seen Cutting Rates for Growth
• Vodacom agrees $2.6 bln Safaricom deal to tap Kenyan market
• Mumias share hits all time low of 70 cents
• Standard Group share leads NSE performers with 82per cent price jump
• Tullow says makes oil discovery in Kenyan well
• Co-op Bank posts 6pc drop in Q1 net profit to Sh3.2bn
• DTB first quarter profit up 8.8 per cent on State lending
• Kenya gets $1 bln syndicated loan from commercial banks: IFR
• Kenyan shilling unchanged against dollar, seen in narrow range
• Treasury bills oversubscribed as demand remains high
• NSE, regulator warn bond issuers against late release of results
• Relief as increasing imports begin to reduce price of sugar
• NSE gains past Sh2trn mark for first time in six months
• Volvo says to start assembling trucks in Kenya
• Telekom Networks Malawi to invest $30m in 4G network
• Malawi's economic growth seen at 7 percent in 2017
• Mauritius MCB Group 3rd-quarter pretax profit rises 4 pct
• Mauritian sugar producer Alteo upbeat on full-year prospects
• Mauritius unemployment rate down to 7.3 pct in 2016
• Nigeria's Oando in talks to help Eni fix Port Harcourt refinery
• Nigerian oil workers extend Exxon Mobil strike to Chevron, Agip and Shell
• Nigerian inflation falls to 17.24 percent in April
• FG’s Revenue Rises by 20.4% in February
• Net Asset Value of Mutual Funds Grows 159% in Five Years
• With Improved FX Liquidity, Banks Foresee Green Shoots
• FG targets economy growth through export incentives
• Nigeria's NNPC finalising $6 bln worth of oil-for-product swaps
• Nigeria aims to unlock credit for small firms with new development bank
• Vodacom profit increases by 60pc
• Banks boost investors' appetite on t-bills, bonds
• EU pledges continued support to EAC
• Zambia's central bank seen holding rates as power price hike may fuel inflation
• Zambia's economy to grow 4 percent in 2017, 5.2 percent in 2018
• ZB eyes diaspora after sanctions reprieve
• ZimAlloys surrenders 35% claims to govt
• Cafca reports $327k HY profit
• Padenga shareholders approve share option schemes for management and employees
• Zim fails to export sweet potatoes since 2012
• Standard Bank says arranges $120 mln debt package for Zimbabwe Power Company
• Zimbabwe's high state spending may deepen cash crunch
• April inflation edges up to 0.48 pct
• Air Zimbabwe barred from Europe
• IMF warns Zimbabwe on excessive government spending