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 first uranium mine targets 3.75 mln pounds output
• Botswana's CPI slower at 3 pct in August y/y
• IMF concludes visit to Egypt, recommends flexible exchange rate, implementing VAT
• Egypt central bank keeps key interest rates unchanged
• AngloGold to redevelop Ghana mine jointly with Randgold
• Bank of Ghana set to review policy rate
• Ghana's public debt climbs to 71 percent of GDP in June as cedi slides
• Ghana central bank unexpectedly raises benchmark rate to 25 pct
• Erratic inflation stoking short-term-debt demand - Report
• Ghana's Cocobod signs $1.8 bln loan for 2015/16 crop purchases
• Kenya's ARM Cement says clinker plant will boost margins
• Kenya's Uchumi expects return to profit growth within a year
• Unilever sets up Sh155mn factory in Nairobi
• Equity Bank completes acquisition of DR Congo ProCredit Bank
• Kenya's Chinese-built railway seen opening to traffic in mid-2017
• Kenyan Currency Trading at Proper Level, Treasury Chief Says
• Central bank rate tightening in Kenya appropriate: IMF
• Malawi inflation rises to 23.0 pct year-on-year in August
• Mauritius' Rogers annual pretax profit jumps 43 pct
• Shareholders Approve Flour Mills' Subsidiaries Meger with HoldCo
• Forte Oil Begins Sale of Kerosene at N50 Per Litre
• FMDQ admits Wema Bank's N8.15bn commercial paper
• Nigerian inflation edged up to 9.3 pct in August
• Recapitalisation: 47 Market Operators Apply for Reclassification, Merger
• France to invest 130m in infrastructure development in Nigeria
• Nigeria's interbank market frozen as banks move government revenue to central bank
• Nigerian President Rules Out Further Currency Devaluation
• CSCS ready for securities lending, borrowing for custodians
• Banks profit set to fall over TSA
• Nigeria raises 45 bln naira in 5-, 20-yr bond sales; yields rise
• Devaluation eats up profit at Tanga Cement
• Afreximbank keen to expand footprint in Dar
• Corporate demand pushes down shilling
• State promises investor-friendly climate
• Tanzania Plans to Sell Stake in National Airline After Elections
• Tanzania's current account gap narrows 16 pct in year to July: central bank
• Lafarge records 4% profit
• Glencore's Zambian unit to cut 4,300 jobs -union, sources
• Zambia orders Vedanta's Konkola to dispose of Chilean copper
• Kwacha to hold firm against dollar
• Zambia exporting most of its maize to boost kwacha
• Zambia mining union challenges forced leave by China's CNMC
• Kwacha in 'defensive' mode
• Zambia to triple power generation in two years with solar
• Zambian economy slows as power cuts and copper price weigh: minister
• ZHL bounces back to profitability
• Zamco to conclude restructuring exercise
• Edgars reports $1,2mln HY profit
• CFI in $18mln land sale to clear debt
• Ecocash South Africa service set for October launch
• First Mutual GPW edges up to $60mln in H1, recovers from loss position
• Padenga in H1 $2,5 mln operating loss, cites 'disruptive' animal cruelty
• EIB to visit Zim before year end
• Zimbabwe's inflation unchanged at -2.77 pct y/y in August: Zimstats
• AfDB to cancel Zimbabwe's $600mln arrears