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.
• Barclays sells Egyptian business to Morocco's Attijariwafa Bank
• Egypt Stocks Surge on Bets Devaluation Will Drive Growth Rebound
• Egypt's net foreign reserves rise to $19.591 bln at end-Sept
• Chinese company to spend $20 billion developing second phase of Egypt's new capital
• Egypt's non-oil business activity slowdown stretches to one year –PMI
• Saudi-based Apicorp arranges $100 mln Islamic financing for Egypt's EGPC
• Egypt stocks up on strategic commodities ahead of devaluation
• Access Bank Plans to Sell 19% Stake in Ghana Unit in IPO
• Ghana sets 2016-17 season farmgate cocoa price at $1,914/T
• Ghana Cedi Falls as Government Wage Bill Exceeds Projections
• Ghana inflation should fall to 13.5 pct by end 2016: IMF
• Cocoa Beans to Bring Ghana Foreign-Exchange Market to Life
• IMF cautions gov't against complacency despite progress in debt to GDP ratio
• Economy to grow slowest in 22 years
• Hilton to open 43-floor hotel in Upper Hill
• Toyota targets more Kenya contracts after signing deal
• Rebound in tourism helps Kenyan economy grow faster in Q2
• Kenya Avoids Brexit Moment as Markets Disregard Doomsayers
• Kenya close to deal with Afreximbank
• Kenya private sector activity expands steadily in September
• Banks ordered to stop charging borrowers new transaction fees
• Kenya T-bill yields slide after lending rate cap, floor seen at 7 pct
• IMF Urges Kenyan Fiscal Restraint as Agreed in Loan Deal
• Mauritius cuts 2016 growth forecast; agriculture, manufacturing seen slowing
• Mauritius inflation rate 0.9 pct yr-on-yr in Sept - stats office
• General Electric to invest $150 mln in Nigeria
• FirstRand Considers Nigerian Acquisitions as Valuations Ease
• GSK Nigeria Completes Divestment of Drinks Bottling Business
• Shareholders of PZ Cussons Approve N1.99 Billion Dividend
• Nigeria spends $2.4 billion to drag country out of recession-Buhari
• Interbank lending rates to remain high as CBN auctions N136b T-Bills
• Nigeria central bank prioritises price stability, luring investors for growth
• CBN targets foreign investors for economic growth
• Nigeria plans to raise 105 bln naira with local bond issue next week
• Nigeria's Buhari sends 2017 draft budget framework for Senate approval
• Nigeria Sees 2016 GDP Expanding While IMF Forecasts 1.7% Slump
• Nigeria lowers 2016 forecast, expects economy to shrink 1.3 pct
• Nigeria’s Five Largest Banks Record Drop in Market Share
• Nigeria's parliament asks Buhari to explain strategy to fight recession
• Chamber counters EU on further devaluation of naira
• NMB promises support to boost industrial economy
• Twiga Bancorp makes 869m/- profit in Q1
• Italian firms in search of local partners for major investments
• Tanzania, Congo sign deal for joint petroleum exploration in Lake Tanganyika
• Tanzania gets $1.6 bln World Bank package to fund economic revival
• Tanzania Plans to Commission Natural Gas Plant by 2025
• Tanzania Sees 7.2% Growth as Spending Spree Offsets Commodities
• Copper output to rebound’
• Treasury Bills oversubscribed
• Zambia Keeps Corn Export Ban as State Seeks to Build Reserves
• Edgars H1 profit drops 90pct to $109k
• Getbucks H1 profit falls 33pct
• Hwange Colliery reports $28mln H1 loss
• ZB Financial Holdings, key fertilizer firms off US sanctions list
• Dairibord eyes foreign markets
• Agrifoods seeks $5mln from shareholders to resume operations
• Delta expects no changes as parent firm SABMiller is taken over
• Border Timbers’ loss widens after fire, $16mln asset write-down
• Stock Prices Remain Unchanging
• Zimbabwe losing $1 billion a year to corruption – report
• Zimbabwe economy slides back into recession – IMF
• ZSE sheds $500k in September, turnover up 90pct
• Zimbabwe to change black empowerment law to reassure investors
• Kariba expansion 60pct complete, Hwange set to start next year – Mugabe