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 puts state-owned BCL Mine under liquidation on losses
• Botswana inflation quickens to 2.8 percent y/y in September
• Orascom Construction's share buyback offer attracts 5.939 mln shares
• Orange Egypt asks to acquire 4G licence, official at regulator says
• Orange Egypt signs 4G licence deal worth $484 mln
• Egypt has contracted to import 420,000 tonnes of sugar, seeks 200,000 more
• Egypt to hold international tender for 500,000 tonnes of rice –statement
• Egypt's debts to international oil companies rise to $3.58 bln at end-Sept: minister
• Egypt's $2 bln deposit from Saudi Arabia showed in September reserves
• Egypt’s Stocks Rise Most in World Amid Mounting Devaluation Bets
• UK Cuts Aid To Ghana
• Kenyan private equity firm Fanisi Capital launches second fund
• Equity bank on technology amid halt in branch expansion
• Kenya Airways to stop ticket sales unless pilots withdraw strike threat
• Kenya Airways Chairman Prepares Exit Ahead of Pilot Walkout
• Kenya to sell 15-yr infrastructure bond in Oct – central bank
• Kenya secures 2-year deal to keep out cheap sugar imports: report
• Kenya to make Sh3b loss from early crude oil exports, warns report
• German lender MyBucks eyes Kenya banking licence in race for clients
• Malawi's consumer inflation slows to 21.2 percent in September
• Nigeria approves transfer of Visafone shares to MTN following takeover
• UBA, European Investment Bank Seal €60 million Investment Deal
• UBA Grows Profit Before Tax to N62bn In Nine Months
• Reversal of foreign investment crashes Guinness shares further
• UBA, European bank sign agreement on private sector financing
• First Bank gets approval to sell forex to BDCs
• Unilever restates commitment to economic growth
• Forte Oil Records N3 Billion Profit After Tax in Nine Months
• Nigerian pension funds shift to bonds as currency woes deter equity investors
• FG finalises plan to set up DBN with $1.3bn
• Nigerian Banking Industry Seen in ‘Full-Blown’ Credit Crisis
• Nigeria's revenues fall far short in first half of year
• GE interested in Nigeria railway concession worth around $2 billion
• Nigeria to Boost Foreign Borrowing in 2017 to Fund Budget
• Nigerian banks have strong buffers to weather crisis: central bank
• Nigeria mining ministry in talks over $500 mln fund and corporate bonds
• CBN chief stresses need for exchange rate stability
• Tanzania's energy regulator cuts retail fuel prices
• Tanzania inflation slows to 4.5 pct yr/yr in Sept
• Demand for t-bills impressive
• Tanzania Agriculture Development Bank set for more govt support
• Treasury bonds sale undersubscribed
• Diversify export base, IMF urges Zambia
• Zambia tells IMF will cut $1 billion in subsidies
• Delta to commission new plant
• Poor sales drive Truworths FY revenue lower
• Blanket Mine Q3 gold output up 7pct
• Border Timbers Revenue Up 47pc
• Government in Bid to Revive Zisco
• Hwange shortlists bidders
• ZSE awaits approval for Zeem listing requirements
• RBZ measures hit car import
• Zimbabwe’s gold rallies as diamonds lose shine
• Q3 revenue collections above target – Zimra