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 seeks option to buy unusually big diamonds from its mines
• Egypt's finance ministry seeks approval of two Eurobond issuances -sources
• Romanian and French wheat cargoes still in Egyptian prosecutor custody
• Foreign investment in Egypt's debt at $17.6bln since pound float: finance ministry
• Egypt to determine Eurobond currency, issuance date in 2 weeks - finance minister
• Egyptian banks have provided $55.1bln to fund trade since currency float
• Average yields fall on Egypt's six-month, one year T-bills
• Fitch lauds Ghana’s macroeconomic stability
• Ghana earned GH¢1.6bn from mining sector in 2016 - Chamber of Mines CEO
• Ghana's Cocobod signs $1.3bln loan for 2017/18 cocoa purchases
• Safaricom lose Sh400 million revenue over poll disruptions
• Lending caps push Equity deeper into foreign market
• Kenya Power signs on IFC plan to curb electricity leakages
• Centum books Isuzu shares at Sh3 billion
• Uganda land deal boost for Centum
• Kenya's Nakumatt Supermarkets enters merger with local rival Tuskys
• Kenya Breweries pays sorghum, barley farmers Sh2.2bn
• Britam completes sale of 10 per cent stake
• Kenya Airways asks state to help it with growing competition
• Death Threats, Split Authority Said to Threaten Kenyan Vote
• Kenyan Election May Be Delayed Over Results System, Nation Says
• Kenya central bank holds benchmark lending rate at 10.0 pct
• Big companies top bank loan defaulters list
• Treasury defends its economic forecasts after criticism
• Presidential results were dubious - Supreme Court
• CBK vague on roll out of the new currency
• Current account deficit seen narrowing to 5.8pc by Dec
• Kenya Sets Oct. 26 as New Presidential Election Date
• Appetite for bonds grows on improved liquidity
• Malawi economic growth seen at 4.5 percent in 2017
• Mauritius-based resort firm Sun Ltd cuts full-year pretax loss
• Union Bank’s N50bn Rights Issue to Open for Subscription Wednesday
• Stanbic IBTC Bank Unveils Value Proposition
• Oando shareholders protest, call for Tinubu’s resignation
• Nigeria's Union Bank starts 50bln naira share sale
• Ecobank Introduces Cardless Cash Withdrawal Service
• Africa's Richest Man Ups Ante for PPC With Cash, Share Offer
• Unintended Result of Nigerian Dollar Hunt Is Naira Shortage
• Four Nigerian banks trade below minimum liquidity ratio: MPC members
• Top Five Banks Account for 47% of Industry’s Impaired Credits
• Nigerian High Court Bans Group Seeking Secession of Biafra
• Naira to take cue from MPC decision next Tuesday
• Petra Diamonds profit falls, restarts Tanzania mine
• TBL emerges top trading at DSE
• Vodacom shares extend bearish run
• Tanzanian Leader's War for More Tax Puts Economy in Firing Line
• Big-time investors pump in $4.250bn
• Zambia Seeking Bidders for New Mobile Provider to Take on MTN
• Standard Chartered Lends Zambia $134 Million to Finance Roads
• Zambia to resume talks with IMF over possible aid programme in October
• Zambia state power firm to end emergency power imports next year
• Low prices affect BNC’s smelter restart plans
• Junior miner Prospect Resources in $55mln capital raise for Arcadia Lithium project
• Edgars H1 profit up 420pct
• Masimba H1 profit up 23pct on increased revenue
• Axia FY profit up 6pct to $15,3mln
• Padenga net income doubles in H1, revenues drops 52pct
• Zimpapers PAT up 93pct to $1mln in H1, revenue falls
• Money supply, inflation fears the only fundamentals that matter in ZSE’s record bull run
• Zimbabwe maize reserves at 17-year high 1 mln tones
• ZSE falls for second day in a row as profit-taking creeps in
• Zim shelves Botswana pipeline sharing deal
• Zimbabwe to pay $1.8 billion in foreign arrears only when economy is stronger
• ZSE extends losses for third day in a row
• Zim exports to Iran collapse to $1,000, envoy blames banking troubles
• Vic Falls tourist arrivals up 21pct in H1 on improved air connectivity
• Zimbabwe's Jan-August gold production rises 10 pct
• Losses in OK Zim, Dairibord drag ZSE lower