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 promotes deputy governor to head central bank
• Botswana's central bank leaves lending rate at 5.5 percent
• Egypt's GASC gets offers from three suppliers at sugar tender
• Egypt completes long-delayed 4G mobile licence deals
• Egypt Stocks Drop as Currency Weakening Delay Fuels Fund Selloff
• Egypt central bank keeps pound stable at weekly dollar sale
• U.S. working with G7 countries to fund IMF Egypt program
• Egypt orders formation of Supreme investment Council
• Egypt to send new investment law to cabinet next month
• Zenith Bank Ghana not affected by Nigeria’s economic woes
• Access bank launches initial public offer (ipo) of shares
• Access Bank Ghana to raise funds through share sale, convertible
• Ghana issues maiden dollar denominated domestic bond
• Court bars planned Kenya Airways strike
• Kenya Airways Pilots Postpone Strike After Talks With Government
• SIB research shows rate capping to hit Co-op Bank the hardest
• Eveready discloses Energizer deal accounts for 80pc of sales
• Retail investors drive Kenya Airways up on management changes
• KenGen’s no dividend ends near decade of shareholder payouts
• Kenyan opposition says any new Eurobond could become "odious debt"
• S&P raises Kenya’s credit rating from negative to stable
• Banks brace for hard times as interest cap takes toll on lending
• Kenya rate cap pushes drive to mobile banking to cut costs, grow
• Sh30bn infrastructure bond bids cause T-bills undersubscription
• Kenyan shilling inches down against the dollar
• Mauritius trade deficit widens by a quarter in August
• MTN illegally transferred "mind boggling" sum out of Nigeria, lawmaker tells hearing
• Nigeria's Arik plans $1 bln share offer, possible London listing
• Nigerian inflation rises to 17.9 percent in September
• FG Stops Sale of GM Foods
• Nigerian overnight interbank lending rate jumps to record high
• Nigeria to launch development bank by January
• Economic Diversification Not Achievable without Foreign Exchange, Says Dangote
• Nigeria overnight lending rate at record high on tight liquidity
• IMF Affirms Nigeria as Africa’s Biggest Economy
• Fitch projects 2.6% GDP growth rate for Nigeria in 2017
• Recession to worsen Nigeria’s rising debt burden
• Nigerian property crash attracts funds looking beyond recession
• Nigeria's distributable revenue fell 17 pct to 420 bln naira in September
• Local bank introduces upfront interest in fixed deposits
• FNB sets to go for POS
• Tanzania performs poorly in access to credit in SSA
• TIB’s board told to boost industrial economy
• Zambia's economic growth seen steady at 3 percent this year
• ZAMACE, JSE concludes deal
• Delta revenue falls 8pct in H1
• RioZim buys Dalny Mine from Falgold
• ZB to double agric funding
• AB InBev, SABMiller merger pain: Coca Cola to terminate Delta’s bottling deal
• Metallon gold output 18pct higher in Q3
• Zimbabwe tax agency says local bank notes plan worsens liquidity
• Zim slips 17 places on competitiveness ranking
• Economy can no longer sustain current levels of corruption, Zimra head warn
• IMF says Zimbabwe clears $108 mln in arrears; a step towards new loan