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 stock exchange to reduce trading halt time
• Average yields drop on Egypt's three- and nine-month T-bills
• Egypt's GASC says seeking soy oil, sunflower oil in tender
• Egypt's Q4 2016-17 current account deficit narrows by 50 percent -central bank
• Egypt's net FDI rises 14.5 pct in 2016-2017: central bank
• Egypt aims to increase corn farming area to reduce reliance on imports
• Egypt budget deficit at 9.5 pct in Q4 FY 2016-17: president
• Ghana cenbank triples minimum bank capital requirement to 400 mln cedis
• Ghana inflation rises to 12.3 pct in August vs 11.9 pct in July
• Ghana to maintain cocoa farmer price in coming season
• Longhorn targets more African expansion
• KBL raises Senator Keg beer output by 20 per cent as demand rises
• Limuru Tea profit drops on lower produce
• KQ eyes New York in debut direct flights
• Barclays Sees Kenyan Banks Rushing to Raise Debt for Capital
• Centum books Sh1.1bn gain from Kenya Wine stake sale
• Co-op Bank taps former CBK executive John Murugu as board chair
• CBA shrugs off interest rate caps to post 14pc profit
• Kenya to sell two-year, 10-year bonds worth 30 bln shillings in Sept
• Clock Ticks for Kenya as Squabbles Overshadow Election Rerun
• Kenya’s inflation target range retained for sixth year
• Regulator likely to hold key rate at MPC meeting
• Treasury back in the market with Sh30bn bond issue
• Kenyan Opposition Threatens Protests Over Electoral Body CEO
• Kenya's Mombasa port traffic up 12 pct in first half
• CBK bullish on 2017 economic growth
• Debt burden mounts as Treasury borrows Sh430bn in 5 months
• Kenyan lawmaker warns any move to change bank rate cap will fail
• Fitch could stabilise Kenya's rating if election re-run goes smoothly
• Kenyan Political Limbo Hamstrings Central Bank on Currency Risk
• Kenya cuts 2017 economic growth forecast to 5.5 pct
• Malawi's inflation slows to 9.3 percent in August
• Mauritius to provide forex support to export sector - Finance Ministry
• Mauritius trims 2017 sugar output after high rainfall
• Africa’s Richest Man Considers Bidding for Cement Maker PPC
• UBA Highlights Investment Opportunities in Chad
• Flour Mills to Increase Investments in Local Production
• Successful Oando Plc AGM Excites Shareholders
• Nigeria's Stanbic IBTC offers scrip dividend option for three years
• CBN Pledges to Sustain Intervention in Forex Market
• Nigeria's Shoreline Energy signs $300mln gas deal with Shell
• CBN injects fresh $250m into forex market
• Budget: Low revenue generation threatens funds release
• Nigeria plans to shut its three refineries for complete overhaul: NNPC spokesman
• Nigeria starts sale of 100 bln naira debut sovereign sukuk
• Nigeria cocoa output seen rebounding in 2017/18
• Nigerian annual inflation at 16.01 pct in August -stats office
• Petra Shutters Tanzanian Mine After Diamond Shipment Seized
• DSE market turnover weakens
• Zambia GDP growth seen rising to 6.1 percent by 2020, finance ministry says
• Zambia awards Chinese firm $1.2 billion road expansion project
• Zambia's economy to grow 4.3 percent this year: central bank
• Zambia sees copper output easing slightly this year
• Masawara PAT up 57pct to $3,6mln in H1
• ZimAlloys finally cedes claims to Govt
• Pearl Properties rebrands to First Mutual Properties
• Zimplats FY profit rises despite lower platinum output
• Zimplats agrees to cede claims to govt
• FML half year profits up 63 pct to $4,3 mln, property subsidiary back in the black
• Riozim swings to $2,9mln after tax profit in H1, gold production up 13pct
• Makomo doubles coal output to 150k tonnes/mth
• TelOne seeks license for Video-On-Demand platform
• Proplastics H1 profit up threefold to $353k
• Zimbabwe’s economy recovering despite currency woes, says Mugabe
• ZSE market cap hits $8bln
• Macadamias to Marigold Seeds Spark Hope for Zimbabwe Farm Reboot
• Zimbabwe stock market hits new highs as currency, cash problems worsen
• Delta, Innscor propel ZSE to new high