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's August trade balance slips to $159 mln deficit y/y
• Egyptian shareholder in "constructive" talks with Adidas
• Egypt's Commercial International Bank Q3 net profit up 37 percent
• Egypt's GB Auto posts Q3 net profit of $13.10 mln
• Sale of Egypt's Beltone Financial gets 97.3 pct shareholder acceptance
• Egypt's urban consumer inflation rises to 9.7 pct in October
• Egypt strengthens currency amid disruptive dollar shortage
• Ghana Oct consumer inflation unchanged at 17.4 pct yr/yr
• IMF Straitjacket Gives Ghana Little Room for Election Budget
• Kenya's KenGen board backs rights issue, seeks shareholder approval
• Kenya's Centum posts 75 pct rise in H1 pre-tax profit
• Kenya Airways H1 pretax loss narrows slightly, lower fuel costs help
• Central Bank to adopt a tough regulation mode
• IMF warns over high loan rates
• Kenya's tea production drops 14 pct in nine months to September
• Kenya's shilling steady, corporate demand for dollars picks up
• Kenya central bank mulls tougher penalties for rogue banks
• State Bank of Mauritius nine-month pretax profit drops 40 pct
• Mauritius lowers key repo rate to 4.40 pct, cuts growth forecast
• MTN Group CEO resigns amid $5.2 bln Nigerian Fine
• Nigeria's Stanbic IBTC cuts 2015 loan growth forecast to 3 pct
• Skye Bank in Talks with CBN, Seeks Review of N4bn Fine
• S&P Upgrades Ecobank Nigeria to 'Stable', with 'B /B' Ratings
• Access Infra Africa signs plan for $100 mln Nigerian solar plant
• FCMB Assures Customers of Export Trade Finance
• Nestle Re-launches Milo with Activ-Go
• NAFDAC fines Guinness N1bn for infractions
• Fidelity Bank to Upgrade Core Banking Software
• FMDQ OTC Securities Exchange Admits N17.7bn NB Plc Commercial Paper
• Nigeria proposes 2016 budget of 7 to 8 trillion naira - vice presidency document
• Barclays cuts Nigeria from EM local bond index as of February
• Nigeria says cocoa crop to rise after late rains reverse forecast
• Bond Yields Fall Sharply as CBN Eases Liquidity
• Nigeria's Buhari names banker as finance minister, swears in cabinet
• Nigeria aims to pass amended petroleum industry bill
• TBL shares continue to shine at Dar bourse
• Yetu Microfinance initial public offer subscribed 50 per cent
• Tight liquidity hurts demand for short-term bills
• Tanzania inflation nudges up to 6.3 pct in year to October
• Tanzania's energy regulator cuts petrol price, raises diesel
• Shilling gains in last ten days
• Zambia Invites IMF for Talks as Kwacha Extends Record Rout
• Zambia's Proposed Power Prices Seen Devastating Factories, Farms
• IMF team in Zambia to review economy as kwacha slides
• Zambia union opposes Glencore's planned job cuts
• Vedanta's Zambian unit says copper mine "unsustainable"
• Zambia hikes overnight lending rate, kwacha rallies
• Lafarge keeps abreast with international standards
• Simbisa debuts on ZSE
• Border Timbers narrows loss
• Cairns exits judicial management
• Zim rakes in $543m tobacco exports
• Telecel granted licence to receive international remittances
• Rival imports hit Delta H1 earnings, PAT falls 19pct to $35,7mln
• OK Zimbabwe's H1 PAT falls 72pct as liquidity tightens
• Higher gold output boost Caledonia Q3 profit 55pct to $1,7mln
• Zimbabwe gets $15mln irrigation grant from Japan
• Zimbabwe Signs Agreement to Ship Crocodile, Zebra Meat to Italy
• U.S $38 Million Required to Boost Asbestos Mining
• National Budget Set for 26th This Month