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's Orascom TMT lends Beltone 1 bln pounds to acquire CI Capital
• Telecom Egypt net profit jumps 111 pct after tax changes
• Egypt's Suez Cement says profit transfers hit by currency crisis
• Telecom Egypt to issue dividend of 75 piasters per share for 2015
• Egypt central bank keeps pound stable at forex auction - bankers
• Egypt's treasury bond yields jump in Monday's auction
• National Bank of Egypt raises rates on dollar certificates of deposit
• Egypt's central bank removes forex caps for importers of essential products
• Egypt's annual urban consumer price inflation eased to 9.1 pct in Feb
• Ghana consumer inflation slows to 18.5 pct in February
• Ghana Central Bank to End Collection of Gold, Cocoa Revenues
• Barclays Bank Kenya says pretax profit down 2 pct in 2015
• TransCentury Kenya Faces Threat of Default, Regulator Says
• Kenya's Equity Bank group says 2015 pretax profit up 7 pct
• Uchumi urges review of SME supply terms
• Kenya's Diamond Trust Bank sees 2015 pretax profit rise 12 pct
• Kenya Airways Plans $690 Million Reorganization, Job Cuts
• Rising sales lift Kenya's Bamburi Cement 2015 pretax profit
• Deepening forex reserves to ease pressure on CBK
• Kenya signs $408 mln loan with Japan for 140 MW geothermal plant
• Mauritius inflation at -0.5 pct in year to February
• Dangote plans to generate 12,000MW of electricity
• Skye Bank seeks more investment in manufacturing
• Barclays Africa Targets Expansion in Nigeria
• African telecom towers firm IHS to buy Nigerian rival
• Nigeria's president rejects IMF calls to lift FX curbs, end naira freeze
• FG Proposes N39.41bn for Vehicles in 2016 Budget
• Nigeria aims to end refined petroleum imports within 18 months
• Nigeria's GDP Slows to 2.11% in Fourth Quarter as Oil Sector Contracts
• Moody's Places Nigeria's Ba3 Rating on Review for Downgrade
• Nigerian state oil company workers strike over proposed changes
• Nigerian policymaker advised central bank to devalue naira
• CBN to borrow N1.07tn via treasury bills in Q2
• NMB agency network keeps growing
• NMB pledges to open more business clubs
• Acacia pays corporate tax
• Exim Bank extends wings to Uganda
• CRDB controls half of agent banking business
• FDI on textile sector set to rise
• Tanzania inflation at 5.6 pct in year to February
• BoZ tender for treasury bills undersubscribed
• Zambia's 2016 maize harvest seen lower due to poor rainfall
• Meikles turnover 12% higher at USD 347m for 9 months, says deal agreed over government debt
• RioZim emerges from its death bed
• Mutare Bottling starts sugar imports, says local producers failed to meet demand
• Govt works on Zisco debt Bill
• Econet launches home security service
• Truworths revenue up 7 percent
• Innscor H1 profits up 23pct, seeks to dispose of tourism unit Shearwater
• Zimbabwe platinum output forecast to increase 12 percent in F16
• Tobacco exports reach $208m
• Zimbabwe's Mugabe supports engagement with IMF
• Zimbabwe pledges to cut spending during IMF visit
• Zimbabwe needs up to 8 pct annual growth in next decade to revamp economy
• Government to push for fresh lines of credit