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.
• De Beers Botswana Targets Highest Diamond Production Since 2014
• Centamin Q2 pretax profit nearly halves on lower gold output
• Egypt lifts restrictions on GDR deals, allows returns in dollars
• Egypt's currency float boosts foreign investment - stock exchange chairman
• Egypt to lower customs exchange rate to 16.25 pounds/dollar -finmin
• Egypt's soaring inflation hits food and drinks companies' profits
• Egypt H1 trade deficit narrows by 46 pct -trade ministry
• Egypt FDI rises to about $8.7 bln in FY 2016-17: Investment Minister
• Ghana lowers 2017 budget deficit to 6.3 pct of GDP
• Ghana Stalling on Securities Watchdog Thwarts Fundraising Plans
• Inflation drops to 12.1% in June 2017
• Safaricom rallies to Sh25 on dividend deadline
• Centum strategy signals larger Deacons stake
• Equity sheds ATMs in shift to mobile, agency banking
• Safaricom Sees Amazon as Model for Kenya E-Commerce Platform
• KCB Group announces rare interim dividend
• Kenya Re net profit hits Sh1.6 bn amid stiff competition
• Kenol to write off Sh1.8bn KPRL debt by December
• DTB eyes SMEs with second Eldoret branch
• Kenyan Electoral Agency Says Senior ICT Official Goes Missing
• Kenya year-on-year inflation falls to 7.47 pct in July
• Transactions through mobile money platforms close to half GDP
• Markets regulator seeks to cut large cap market dominance
• Kenya private sector activity slowdown moderates ahead of polls -PMI
• Mergers and acquisitions dominate E. Africa deals rising to Sh113.5bn
• Kenya's shilling stable ahead of elections
• Mauritius business confidence up in Q2
• GTBank celebrates 10th anniversary of LSE listing
• Wapic plans better returns on investment to shareholders
• Fidelity Bank Moves to Improve Customer Satisfaction
• Nigerian conglomerate UAC plans 15.4 bln naira rights issue
• Dangote Sugar Declares 50 kobo Dividend as Profit Grows by 132%
• Nigerian banks to extend 9mobile's debt ahead of sale, FCMB says
• Dangote sells $236 mln stake in cement firm to foreign buyers
• Dangote Cement up 7.3 pct after it boosts share float with stake sale
• FG pleads with Dangote to finish refinery before 2019
• Foreign reserves near three-month high at $30.8b
• Nigeria Oil Region Negotiators Threaten to Quit Peace Talks
• Nigeria Moves Closer to Single Naira Rate
• Nigerian economy to grow 0.8 pct this year, but risk remains, IMF says
• Banks begin to show investors naira quotes
• Nigeria says economy to grow a lot; IMF says not so much
• Nigeria banks trying to stabilise 9mobile ahead of sale, FBN says
• CRDB saluted for aiding Zanzibar’s economic drive
• Tanzania, Barrick Gold start talks to resolve tax dispute with Acacia Mining
• Tanzania, Vietnam to promote trade
• Econet scales down debit card issuance
• Delta focused on growth
• OK records 19pc revenue growth
• Zimbabwe asks court to enforce seizure of Zimplats mining ground
• Jump in sales drives Zimplats Q1 revenue up 11pct
• Hwange Colliery partners European firm
• EcoCash reduces debit card limit
• CBZ net income flat at $12mln in H1, forecasts 11pct revenue growth FY
• MBCA H1 profit doubles to $2,7mln
• ZSE market capitalisation falls on Bindura losses
• ZSE closes July on front foot
• Zimbabwe trade deficit at $1,3bln in H1
• Zimbabwe economy continues to shrink
• Zimbabwe c/bank to print $300mln in additional bond notes
• Revenue collection up 16pct in July – tax agency
• Government issues $2,5 billion TBs, bonds