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 cuts 2016 GDP growth forecast to 3.5 percent
• Botswana inflation slows to 2.6 percent y/y in August
• Ghana’s Eurobond Loosens IMF Straitjacket Ahead of Elections
• Cheap funds for MFIs in the offing
• Cement sales decline by 3% on power cuts
• US$750 Eurobond oversubscribed by over 400%
• Ghana budget deficit expected to fall to 4.9 pct this year: president
• Ghana’s Mahama Pledges End to IMF Bailouts in New Term Bid
• Ghana consumer inflation rises to 16.9 pct in August
• $750m Eurobond exposes Ghana’s weak economy
• Banks tighten grip on lending
• Equity of Kenya Has 100 Billion Shillings to Double Loans
• Uhuru secures deal for KCB entry into Somalia after visit
• Centum diversifies into agribusiness with 120 acre Nyandarua farm
• TransCentury strikes Sh2bn shares deal
• Banks in Kenya face further squeeze as National Treasury mulls second Eurobond
• NSE investors lose Sh243bn after rates cap hits bank shares
• Nigeria's Arik Air temporarily suspends operation
• Guinness Nigeria to Export Beer to South Africa to Add Sales
• MTN gets $1.3bn loan to settle Nigerian fine
• AMCON links debtors with private investors
• Nigeria records biggest drop in oil output
• External reserves shed $1bn in five weeks
• Budget: FG to raise $1bn via Eurobond in November
• Investors Gain N22bn as Stock Market Trading Resumes Bullish
• FG borrows N183bn via short-dated TBs
• Economy is stable, set for strong growth - BoT
• DSE maintains bullish trend
• Tanzania on track to hit 7.2 pct growth in 2016
• BoT sheds light on money flow
• Shell readies to drill off Tanzania in Q4
• BoT state of the economy report viewed favourably
• Shilling stable in first half of 2016
• Zesco lands US$163 million power loan
• Zanaco, AB Bank costly lenders to SMEs – BoZ
• Zambia's kwacha firms in volatile low-liquidity trade
• Over a million Zambians are surviving on K20 daily - FSDZ
• Zambia president Edgar Lungu sworn in, pledges focus on economy
• Zambia to endure pain before gain under IMF programme
• Cement maker Sino-Zim wants title deeds to land
• Olivine to invest in new plants
• Botswana firm eyes 75% in Trust Holdings
• ‘PPC new plant almost complete, commissioning year-end’
• High costs hold back gold mining – central bank
• Zim platinum set to fall by 22%
• Foreign banks tighten screws on Zim
• Life assurers record 12% surge in net premium
• Zimbabwe central bank says ‘bond notes’ start circulating end of October
• August inflation up to -1,43pct – Zimstat