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 GASC buys 50,000 tonnes of Brazilian raw sugar
• Egyptian Media Company targets 2018 IPO says adviser
• Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal: fin min
• IMF team questions Bank of Ghana Amendment Bill
• Export earnings from processed sub-sector drops by 2.3%
• Ghana finmin says 9.25 pct Eurobond yield shows investor confidence
• Kenya says banks must cap interest rate caps on loans from Sept. 14
• Kenya signs nuclear power deal with South Korea
• Kenyan shilling steady, importer demand subdued
• Treasury suspends digital tax plan to address firms’ anxiety
• Mauritius offers 5-year and 15-year T-bonds worth 3.3 bln rupees
• Standard Alliance posts N268m profit
• UBA subsidiaries contribute 30% of total deposit base in Q2
• Seven Energy loses $42m to militant attack
• MTN Plans Bond Sale to Raise Funds
• Conoil Grows Profit by 176% to N2.3bn, Pays 300k Dividend
• Fitch downgrades Nigeria’s Seven Energy to ‘CC’
• Nigeria's state oil company says could be crippled by Delta militancy
• CBN to sanction banks over Power Fund
• Nigeria's NNPC says no plans for gasoline price increase
• Recession cuts telecoms operators’ earnings by N31b in Q2
• SEC adopts new measure to tackle unclaimed dividend in capital market
• Enterprise Growth Market Cap reaches 120bn/-
• Tightened spending, tax collection boost reserves
• Tanzania Q1 GDP growth slows to 5.5 pct
• Treasury bills register over-subscription
• World Bank tips Zambia on economic recovery
• Lungu to Be Sworn in Sept. 13 as Zambian Poll Dispute Dismissed
• As drought hits Zambian harvests, food prices are on the rise
• TelOne cuts costs by 16pct in H1 amid revenue slowdown
• Dairibord slips to $2mln H1 loss
• Masimba rebounds, expects profitable FY
• Mid-term fiscal policy review on Thursday
• Firms’ revenue drop 33%, new report shows
• ZSE monthly turnover down 38 percent
• Court lifts demonstrations ban
• Zimbabwe trims 2016 economic growth forecast, budget deficit balloons