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SECURITIES AFRICA PAN-AFRICA RESEARCH & CAPITAL MARKETS WEEKLY AFRICAN FOOTPRINT TRADING This Week’s Leading Headlines Across the African Capital Markets We have included summaries for the countries listed below, please click on the country name should you wish to navigate to it directly: Botswana Mauritius Egypt Nigeria Ghana Tanzania Kenya Zambia Malawi Zimbabwe AFRICA STOCK EXCHANGE PERFORMANCE CURRENCIES WTD % Change 31-Dec-14 YTD % Change 30-Oct-15 6-Nov-15 WTD % YTD % Cur- Country Index 30-Oct-15 6-Nov-15 Local USD 31-Dec-14 Local USD rency Close Close Change Change - Botswana DCI 10567.93 10567.93 0.00% -0.32% 9,501.60 11.22% -0.09% BWP 10.45 10.49 0.32 10.17 - Egypt CASE 30 7513.51 7541.72 0.38% -89.95% 8,942.65 -15.67% -92.48% EGP 8.01 80.01 899.22 91.09 - - Ghana GSE Comp Index 2013.22 1984.22 -1.44% -0.94% 2,287.32 -13.25% -27.45% GHS 3.82 3.80 0.50 16.37 Ivory - Coast BRVM Composite 303.31 303.46 0.05% -0.62% 258.08 17.58% 5.05% CFA 600.01 604.04 0.67 10.66 - Kenya NSE 20 3868.83 3872.57 0.10% -0.25% 5,112.65 -24.26% -32.71% KES 99.89 100.24 0.35 11.16 - Malawi Malawi All Share 15332.70 15122.06 -1.37% -4.59% 14,886.12 1.58% -18.36% MWK 557.44 576.23 3.37 19.64 - Mauritius SEMDEX 1881.44 1875.63 -0.31% -1.19% 2,073.72 -9.55% -21.25% MUR 34.64 34.95 0.89 12.93 SEM 10 361.11 361.11 0.00% -0.88% 385.80 -6.40% -18.51% - Namibia Overall Index 1013.55 996.65 -1.67% -2.74% 1,098.03 -9.23% -24.39% NAD 13.78 13.93 1.10 16.70 - - Nigeria Nigeria All Share 29190.54 29175.35 -0.05% 0.35% 34,657.15 -15.82% -23.12% NGN 198.97 198.18 0.40 8.68 - Swaziland All Share 313.53 313.53 0.00% -1.09% 298.10 5.18% -12.39% SZL 13.78 13.93 1.10 16.70 - - Tanzania TSI 4598.55 4637.00 0.84% 2.34% 4,527.61 2.42% -17.81% TZS 2,151.01 2,119.46 1.47 19.75 - Zambia LUSE All Share 5772.35 5763.75 -0.15% -0.76% 6,160.66 -6.44% -53.03% ZMW 12.57 12.64 0.62 49.80 Zimbabwe Industrial Index 130.83 129.45 -1.05% -1.05% 162.79 -20.48% -20.48% Mining Index 23.57 22.33 -5.26% -5.26% 71.71 -68.86% -68.86% 1 SECURITIES AFRICA PAN-AFRICA RESEARCH & CAPITAL MARKETS WEEKLY AFRICAN FOOTPRINT TRADING This Week’s Leading Headlines Across the African Capital Markets Botswana Corporate News No Corporate News This Week Economic News No Economic News This Week 2 SECURITIES AFRICA PAN-AFRICA RESEARCH & CAPITAL MARKETS WEEKLY AFRICAN FOOTPRINT TRADING This Week’s Leading Headlines Across the African Capital Markets Egypt Corporate News BP has signed a preliminary deal with Egypt to rapidly develop the Atoll offshore gas field that is now expected to produce f irst gas in 2018, the company said on Thursday. BP's signing of the Heads of Agreement with Egypt's minister of petroleum followed discussions on Wednesday between BP chief executive Bob Dudley and Egyptian President Abdel Fattah al-Sisi, who is on a visit to Britain. "We are pleased to be making rapid progress towards the development of Atoll less than eight months after the announcement of its discovery," Dudley said in a statement on Thursday. BP, which has cut future investment budgets by up to a third to $17-19 billion a year due to weak oil prices, said it would likely sanction the Atoll project next year. In March, BP first announced the Atoll discovery, a relatively large fi nd estimated to hold 1.5 trillion cubic feet of gas and 31 million barrels of condensates. Since then, it has been eclipsed by Eni's "supergiant" Zohr gas find offshore Egypt announced in late August, the largest known field in the Mediterranean. (Reuters) Economic News The Central Bank of Egypt (CBE) decided to keep interest rates unchanged after the bank's Monetary Policy Committee met on Thursday. The bank kept the overnight deposit rate, the overnight lending rate and the rate of the CBE's main operation at 8.75 percent , 9.75 percent, and 9.25 percent respectively. Two economists out of five surveyed by Ahram Online expected interest rates to remain unchanged in the last meeting in the tenure of CBE governor Hisham Ramez, who is to be replaced by deputy governor Tarek Amer when his term ends on 26 November. The Central Bank is more likely to wait till year-end before raising interest rates as the Federal Reserve is expected to have its first interest rate hike since 2008, Ziad Waleed, an economist at Cairo-based Beltone Financial, told Ahram Online in a telephone interview. In a press release, the bank cited slowing inflation and improved growth rates for making its decision. Egypt's core inflation remained almost unchanged at 5.55 percent at the end of September while real GDP grew by 3 percent in the third quarter of 2 014/15 Q3 to record 4.6 percent in the first nine months of the fiscal year, read the release. (Egypt.com) Egypt's budget deficit dropped to 11.5 percent of gross domestic product in fiscal year 2014/2015 versus 12.2 percent during the same period last year, the finance ministry said in a statement on Monday. "The final account shows a noticeable improvement in the government's financial performance as the total deficit in the budget declined to 11.5 percent of GDP versus 12.2 percent for the 2013 fiscal year," the statement said. (Reuters) 3 SECURITIES AFRICA PAN-AFRICA RESEARCH & CAPITAL MARKETS WEEKLY AFRICAN FOOTPRINT TRADING This Week’s Leading Headlines Across the African Capital Markets Ghana Corporate News No Corporate News This Week Economic News The Ghana Statistical Service (GSS) is to conduct a number of surveys to enable it to collect data needed to rebase its three main economic indicators namely the Consumer Price Index (CPI), Producer Price Index and Gross Domestic Product (GDP). As part of the process, the GSS would conduct the second phase of the Integrated Business Establishment Survey (IBES II) from November to De cember, and data from the survey would help in rebasing the PPI. At a news conference to announce the Producer Price Index (PPI) for September in Accra, the Government Statistician, Dr Philomena Nyarko, said the rebasing of the indices would require a lot of data, which were expected to reflect changes that had taken place over time with respect to the baskets used to calculate each of the economic indicato rs. “We have a statistics production plan and that is what we have been following over the years. What we have done is to implement the IBES . Subsequently, we will be implementing other surveys to help us get the data we need,” she said. According to Dr Nyarko, all t he economic indicators would be revised, adding, “we are going to revise the CPI, PPI and the GDP. But we need certain types of data to b e able to do that, that’s why, for example, we are conducting the IBES which will help us to rebase the PPI.” The successful completion of the IBES Phase II would update the indicators and also provide the government and the private sector with reliable, timely and relevant info rmation that would inform the formulation of policies. For the CPI, she said, the GSS would use data from its Ghana Living Standards Surve y (GLSS6) or any of their household surveys to rebase it. The GSS rebased the CPI in May 2013 to reflect current household consumption pat terns which changed over time in response to changes in products and/or incomes of households. The rebased CPI in 2013 showed an increase in the number of markets covered from 40 to 42, while items covered increased from 242 to 267. It was computed based on the Ghana Living Standards Survey 5 (GLSS 5). Although the GSS would not explicitly state when the rebasing was expected to take place, Dr Nyarko explained that availability of funds to carry out the surveys would determine when the exercises would be done. For instance, the GDP was expected to be rebased in 2017, but according to her, it was likely activities requi red to do the rebasing might extend further to 2018. “The GDP would require data from the PPI, CPI and even the agricultural census so that is what we have been planning. For the GDP, it will take some time because the amount of data we need to do the rebasing is very huge,” she said. Ghana’s GDP is currently based on a 2006 survey, while the PPI is based on a 2003 survey. Meanwhile, inflation from the produ cer’s perspective dropped to 3.7 per cent in September 2015, 0.2 percentage points lower than the revised 3.9 per cent recorded in August 2015. The PPI measures the average change over time in the prices received by domestic producers for the production of their goods and services. The utilities sub-sector recorded an inflation rate of 7.2 per cent in September 2015.