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.
• Orange Egypt rejects Telecom Regulator 4G license terms
• Egypt sets up committee to resolve agricultural trade standoff with Russia
• Egypt Edges Closer to Final IMF Nod for $12 Billion Loan
• Devaluation would boost Egyptian exports by 10 pct
• Egypt expects 2-3 IPOs in first year of privatisation plan
• Egypt trade deficit narrows by $7 bln since January: trade minister
• Egypt's current account deficit rises to $18.7 bln in FY 2015-16
• Egypt's central bank unexpectedly keeps rates unchanged
• Interest rate jumps to more than a decade high
• Mobile money float tops GHC700 million
• Multinationals to be listed on Ghana Stock Exchange – SEC
• Ashanti Region loses GHC5 million to fires
• Ghana to issue first domestic dollar bond next month - Finance Minister
• Ghana’s Central Bank Keeps Benchmark Interest Rate at 26%
• Cedi stability to be sustained – Governor
• Ghana forecasts 2016/17 cocoa crop of at least 850,000 T: officials
• Ghana's Cocobod signs $1.8bln loan for 2016/17 cocoa purchases
• Ghana could be Africa's number four oil producer by 2020
• Ghana to receive $500 mln World Bank guarantee for ENI gas
• Safaricom's M-tiba health App to go nationwide
• TransCentury share gains 25pc on Kuramo Capital rescue plan
• Equity, Safaricom entice PayPal customers with faster cash transfers
• Kenya's Mombasa port cargo up 1.4 pct in first half
• Kenya central bank cuts main lending rate to 10 pct
• Banks stare at thin trading margins
• Kenya central bank: cap on rates may hit commercial bank lending
• Rising interest in T-bills dims banks’ prospects
• Malawi's August inflation slows to 22.8 percent year/year
• Mauritius trade deficit widens 8 pct in July
• Conoil posts N1.6b pre-tax profit in H1 2016
• Oando signs $115.8m agreement with Helios
• Oil discovery in Lagos excites Dangote
• Guinness Nigeria Records N2 Billion Loss, First in 30 years
• Flour Mills of Nigeria targets export to Europe, weaker naira helps
• Guinness Nigeria Secures $95m Loan from Diageo
• Conoil Gains 97% as Investors Increase Demand on Impressive Results
• Funding Nigerian oil cash calls from debt key for economy: minister
• Nigeria central bank keeps benchmark interest rate, cash reserve ratio
• Nigeria sues ENI, Chevron, other oil companies: firms, official
• Rate cuts not enough to get Nigeria out of recession
• Nigeria naira at record black market low as dollar reserves shrink
• Nigeria hunts down 700,000 firms in tax crackdown to offset oil slump
• Acacia bullish of mining prospects
• Digital payment set to boost tax collection
• Mortgage business up 30 pc Q2
• CEC to commercialise biodiesel plant
• Dawn back in black with $480k H1 profit
• FML reports five-fold H1 PAT to $2,6 million
• RTG quits Mozambique as civil conflict escalates, govt cuts spending
• Innscor FY revenue up 6pct to $586mln, to focus on Zim operations
• NicozDiamond sells off Uganda operation
• EcoCash partners Mukuru
• Zimpapers H1 PAT drops 70pct
• Banking sector core capital up 5,8%
• Micro-finance Institutions loans down in H1
• DBZ says $50mln ZPC bond fully subscribed