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 retailer picks Kenyan partner in EA growth plans
• Botswana defers copper tax to support struggling producers
• Egypt's SODIC doubles first-quarter profit
• Edita secures land for new production facility
• Nine banks offer LE5.4 bn loan to finance monorail in Egypt
• Egypt's Suez Canal revenues at $422.1 mln in April
• Egypt's Juhayna to enter joint venture with Denmark's Arla Foods
• Egypt unemployment falls to 12.8 pct in Q1
• Dubai's Ear plans to float 13 pct Egypt unit on Cairo exchange
• Ghana's Economic Growth to Double by 2019, Terkper Says
• Ghana's oil production to rise six-fold by 2018
• Bank of Ghana pays 23.47 pct yield for 3-year bond
• Senator Keg tax cut hands sorghum farmers lifeline
• Centum issues Sh6 billion equity-linked notes on stock mart
• KenolKobil signs deal with BP to supply Castrol lubricants
• IFC eyes 11pc in Kenya Re partly owned reinsurer
• Kenya awards two coal blocks, plans power plant
• Centum to inject Sh1.2bn bond proceeds into K-Rep
• Barclays Bank Kenya says Q1 pretax profit up 10 pct
• Kenya shilling holds ground as demand for dollars eases
• Kenyan shilling under pressure from demand for dollars
• Kenya Entices Investors With $611 Million Sugar Debt Write-Offs
• Kenya's shilling eases slightly on importer dollar demand
• Malawi's CPI rises to 18.8 pct in April y/y
• Mauritius' Q1 tourism revenues up 3 pct as arrivals increase
• Dangote Cement Posts N74.7bn Profit in Q1 2015
• Seplat Reels out Benefits of Tax Incentive to Nigerian Economy
• Nigeria's Skye Bank Q1 pretax profit rises 81 pct
• Fidelity Bank Promises Regular Dividend Payment
• Unity Bank Targets N77 Billion Profit in Three Years
• GTBank Introduces New Technology Mobile Phone Money Transfers
• FBN Holdings Gets Merchant Bank Licence, Pays N3.26bn Dividend
• MPC Likely to Retain Interest Rate
• FG's Revenue Drops by 21% in February
• Nigeria to Hold Key Interest Rate Before Incoming Government
• Nigeria's Economy Predicted to Hit $1trn by 2025
• Nigeria, Poland Trade Hits N23m
• Nigeria holds key interest rate as it seeks to preserve FX reserves
• Bonds yield up on new cash reserves rule
• Nigeria's outgoing president approves 2015 budget
• CRDB catches up with NMB profit
• Bank M mulls listing on DSE
• Banks interest rate falls in March
• Tanzanian Shilling Drops to Record on Declining Gold Exports
• Current account deficit narrows further
• Shilling plunges to another historical low
• Tanzania raises minimum reserve ratio for banks to tackle volatility
• Tanzanian leader says aid conditions degrading
• Glencore's Zambia mining unit completes refinery upgrade
• Zambia's kwacha firms over 1 pct to month-high vs dollar
• AICO, Foreign Investor Sign Deal
• Sub-Saharan Africa's Biggest Cotton Company Seeks Rescue Partner
• Delta plans $50m capex
• Kingdom Bank Africa Under Final Liquidation
• Mimosa seeks to reduce costs
• Zimbabwe's State-Owned Bad Loan Buyer Seeks Private Funding
• Liquid Telecoms Raises U.S $150 Million for Expansion
• Econet reports 41pct dip in profits after tariff cut
• Gold Output Up in Q1
• Trade deficit widens
• Zimbabwe's first-quarter gold production up 25 pct to 4,180 kg