Weekly African Footprint: May 05, 2017

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

•  Egypt's Juhayna posts drop in Q1 profit to 58.257 mln pounds
•  IMF team in Cairo to review second installment of $12-billion loan
•  Egypt keeps customs exchange rate at 16.5 pounds/dlr in May
•  Egypt considering $1.5-2 bln Eurobond in coming weeks
•  Egypt says buys 237,000 tonnes of local wheat since start of harvest
•  Egyptian non-oil business activity shrinks for 19th month in April: PMI

Ghana

•  CAL Bank’s profits drop after impressive performances

Kenya

•  Barclays second big bank to give gloomy forecast
•  Kuramo deal to delay release of TransCentury results
•  Co-op seeks shareholder nod for 50pc capital rise
•  Kenya central bank says 12 entities applied for Chase Bank stake

Nigeria

•  Oando records N1.7bn profit in Q1
•  Dangote’s Offshore Plants Raise Revenue to N208.2bn
•  FBN Merchant Bank Records 28% Rise in Profit
•  Dangote Sugar to Invest N106 Billion on Expansion in Six Years
•  Nigeria, World Bank Inch Closer to Sealing Deal on Electricity Recovery Plan
•  Nigeria working to replace list of import items not eligible for forex allocation -VP

Tanzania

•  MaxMalipo IPO plans in advanced stages
•  NMB post strong after tax profit
•  DSE index on steep fall
•  Banks hike interest rates to attract deposits - BoT

Zimbabwe

•  Turnall speaks on restructuring
•  Mandatory offer raises NSSA shareholding in NicozDiamond to 51pct
•  Econet revenue to drop 8,9% on economic headwinds’
•  Turnall slips to $4mln FY loss
•  Kenya Airways launches Nairobi-Vic Falls-Cape Town flights
•  ZSE market capitalisation grows to $4bln in April

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