Weekly African Footprint: September 02, 2016

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 T-bill yields mixed at Sunday's auction


•  Fidelity Bank to deal in gov’t securities


•  Co-op bank directs units to cap loan prices at 14.5pc
•  Cash-strapped Uchumi sheds top managers in Sh10m plan
•  Athi River Mining bets on new funding to boost its earnings
•  Shares in Kenya's two biggest banks fall for third session after rate caps
•  Sameer Africa to cut jobs and close factory
•  CFC Stanbic becomes first bank to cut rates for existing loans
•  Kenya Re net profit rises to Sh1.56 billion
•  IMF Sees Kenyan Cap on Bank-Loan Rates Blunting Monetary Policy
•  Kenya's inflation at 6.26 percent year-on-year in August
•  Kenyan lawmakers reject proposal to raise bank capital requirements –paper
•  Kenyan shilling stable, manufacturing sector demand slow
•  Kenya and Rwanda sign EU trade deal as Tanzania and Uganda stay out
•  Banks have two weeks to cut loan costs, CEOs risk jail


•  Mauritius H1 trade deficit widens 3 pct


•  MTN Nigeria IPO Said to Target $1 Billion Proceeds After Fine
•  Investors await N212.85bn T-bill auction this week
•  Naira falls further to 414/dollar
•  Nigeria approves plan to borrow more from abroad as recession hits
•  Nigeria's naira hits new record low of 420 per dollar on black market
•  Nigeria in recession as low oil prices shrink economy
•  August manufacturing PMI declines to 42.1 per cent, says CBN
•  Nigerian Slump Deepens as Economy Shrinks 2.1% in Second Quarter
•  Nigeria's annual inflation rises to 17.1 percent in July
•  Pension Assets Hit N5.8tn as Pencom Seeks to Invest 40% in Infrastructure


•  Government committed to support SMEs
•  T-bills bounce back into oversubscription


•  CEC posts 275 million in profits despite challenging business environment
•  Zambia’s Construction Industry likely to record more growth-Lafarge
•  Kwacha trots on impressive path
•  Zambia in talks with IMF, plans to cut subsidies
•  Bond auction over-subscribed


•  Zimplats back in the black, earns $1,1mln from export incentive
•  Stanbic H1 profit unchanged at $10.5mln, deposits grow
•  Metallon hands over gold claims to community
•  Gold Leaf launches RG cigarette brand, targets 10% market share
•  Zimbabwe bans demonstrations in capital for two weeks
•  Broad money supply rises in June – central bank
•  IDBZ looks to raise $250m by 2018

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