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