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.
• Reserves at over $28.5 bln, highest since 2011 - MENA
• Templeton's Hasenstab buys Ghana's cedi bonds: source
• Stanbic Bank predicts 6% growth rate
• World Bank to help Ghana solve economic challenges
• Mumias Sugar shuts operations for three months to allow maintenance
• Nation nets Sh1.7bn in profit as dividend maintained at Sh10
• KenGen's Sh6.9b wind power project in Meru delayed over land row
• Kenya's budget paves way for Islamic finance
• Kenya finance minister expects steady growth ahead of election
• S. African owner buys Centum stake in Kenya Wines Agencies
• NSE-listed banks invest Sh153bn in bonds in wake of rate control
• Kenya private-sector activity slows as consumer demand falls
• Kenya's debut mobile phone bond offer sells out in 13 days
• Big jump in foreign direct investment in Mauritius
• UBA to Expand to Six More African Countries
• Group Signs MoU with Dangote
• Shareholders Earn N168bn Dividend from Four Banks
• Unity Bank’s Profit After Tax Falls by 53% to N2.2bn
• Dangote Sugar, Flour total revenue up 84.8 % to N275.5bn
• China offers Nigeria $4.5 bln loan for farm machinery
• Nigeria central bank to sell dollars to fuel importers, airlines
• IMF says Nigeria economy needs urgent reform, no FX curbs
• Nigeria cabinet approves $1.3 billion loan for Development Bank of Nigeria - finance minister
• DSE market cap down, dividend yield up in Q1
• Airtel to spend $50m on network
• Zambia proposes flat power price for miners from Jan 2017
• StanChart’s PAT up on cost efficiencies
• BancABC FY net profit falls 24pct to $1,8 million
• CFI Holdings on a recovery path, says acting CE
• Metbank FY profit doubles to $660k
• Tongaat-Govt joint venture to create over 10 000 jobs
• Hwange Colliery narrows net loss but liabilities exceed assets by $168mln
• Unifreight recovers, posts $1,7mln FY profit
• GB Holdings remains in the red, says outlook brighter
• AfDB wants local investors for $4bln Batoka power project
• Clothing industry experiences 165% growth