|
|
| Africa Market Roundup |
| Botswana |
8,737.52 |
-3.18 |
-0.04% |
16May |
| Egypt |
5,427.97 |
-27.77 |
-0.51% |
16May |
| Ghana |
1,839.41 |
+3.65 |
+0.20% |
16May |
| Kenya |
4,978.79 |
+23.18 |
+0.47% |
17May |
| Malawi |
6,408.93 |
+33.18 |
+0.52% |
17May |
| Mauritius |
1,949.02 |
-5.55 |
-0.28% |
17May |
| Morocco |
9,027.69 |
-131.92 |
-1.44% |
17May |
| Nigeria |
36,907.81 |
+507.65 |
+1.39% |
17May |
| Tanzania |
1,539.95 |
+1.74 |
+0.11% |
17May |
| Tunisia |
4,445.09 |
-7.94 |
-0.18% |
17May |
| Uganda |
1,632.05 |
-9.07 |
-0.55% |
15May |
| Zambia |
4,242.74 |
+14.95 |
+0.35% |
10April |
| Zimbabwe |
210.29 |
+3.45 |
+1.67% |
17May |
| |
|
| |
| Top Regional Business and Finance News |
| Sanity prevails at Lonmin zz Miners return to work |
| ABW - 18 May, 2013 |
| A return to work by mineworkers at Lonmin's Marikana mine last night brought relief to the escalating tensions in the battle being waged by the Association of Mineworkers and Construction Union (Amcu) to eject the National Union of Mineworkers (NUM) from the Rustenburg platinum belt. |
| |
| Mining unrest hits SA hard |
| ABW - 18 May, 2013 |
| The sad and inescapable reality about the unrest on the platinum mines around Rustenburg is that, apart from the immediate roleplayers, it affects every South African. |
| |
| Ghana scores high on mining governance index |
| ABW - 17 May, 2013 |
| Ghana ranked 15 out of 58 countries earning the highest score in sub-Saharan Africa, reflecting major reforms to improve competition and transparency in the mining sector, a new governance index released on Wednesday said. |
| |
| Uba, Total Share Prices Rise On Q1 Result |
| All Africa Global Media - 17 May, 2013 |
| The shares of United Bank for Africa Plc and Total Nigeria Plc reacted positively to their first quarter result released during the week, just as profit taking depreciated the share value of Cadbury Nigeria plc. |
| |
| Nigeria's United Bank for Africa Q1 net profit grows 18.4% y/y |
| ABW - 16 May, 2013 |
| United Bank for Africa (UBA), Nigeria's third biggest bank, posted a net profit of NGN 15.56bn (EUR 76mn) for the first quarter of 2013, up 18.4% y/y, buoyed by higher revenue. The bank's pre-tax profit rose 12% y/y to NGN 17.16bn. Its net interest income jumped 23.2% y/y to NGN 27.16bn, and net fee and commission income rose 15.9% y/y to NGN 12bn. |
| |
| Dangote Sugar Withdraws Investment From Algeria |
| All Africa Global Media - 15 May, 2013 |
| Dangote Sugar Refinery Plc has pulled its investment from Algeria and is planning to make more acquisitions of local sugar farms to boost its backward integration programme and benefit from the Federal Government Sugar Master Plan. |
| |
| Nigerian telecoms regulator wants to curb MTN's dominance on mobile market |
| ABW - 15 May, 2013 |
| The Nigerian Communications Commission (NCC) wants to reduce the dominance of MTN on the mobile voice market and has ordered the company to reduce its rates for calls to rival operators to match the rates it charges for calls within its network. The NCC said its analysis had shown that the mobile voice market is not effectively competitive and is still highly concentrated with South Africa-based MTN having a 44% market share by subscriber number. The regulator added that there was a wide differential (of about 300%) between onaEURnet and offaEURnet calls, which was indicative of the "likely establishment of a calling club for MTN subscribers." Thus, the commission ordered that MTN's tariff for on-net and off-net should be the same, and subject to periodic review, effective from May 1. |
| |
| Kenya Commercial Bank posts 25% growth in Q1 net profit |
| ABW - 15 May, 2013 |
| Kenya Commercial Bank (KCB), the biggest bank by assets in the East African region, posted a net profit of KES 3.03bn (EUR 27.5mn) for the first quarter of 2013, up 25% y/y, on the back of higher income coupled with a fall in loan loss charges. The bank's pre-tax profit grew 26% y/y to KES 4.26bn in Q1. Net interest income rose 5.8% y/y to KES 7.37bn, while non-interest income jumped 12.4% y/y to KES 4.02bn. The bank's loan loss provisions fell 28% y/y to KES 573.8mn, while gross non-performing loans grew 29% y/y to KES 16.13bn. |
| |
| Guinness Nigeria Records N95 Billion Revenue in Q3 |
| All Africa Global Media - 14 May, 2013 |
| Guinness Nigeria Plc has recorded N95 billion sales in the nine months ended March 31, 2013. However, the company's net income fell to N7.6 billion ($48.3 million) in the nine months through March, compared with N9.3 billion a year earlier. Also, its cost of sales increased 7 per cent to N48.2 billion. |
| |
| AMCON Confirms Sale of Nationalised Banks in 2014 |
| All Africa Global Media - 14 May, 2013 |
| The Asset Management Company of Nigeria, AMCON, has said it would be selling off, Keystone, Enterprise and Mainstreet banks, in 2014. |
| |
| |
| Top Press Releases |
| BATU |
| British American Tobacco Uganda Limited - 12 Mar, 2007 |
| British American Tobacco released their audited results for the year ended 31 December 2006 and no dividend was recommended. The AGM is scheduled to take place in May 2007. |
| |
| UBA, BANK PHB AND OCEANIC TOP BANKING ACTIVITY |
| United Bank For Africa plc - 29 Dec, 2006 |
| Shares of UBA, Oceanic and Bank PHB accounted for 55 percent of the banking subsector turnover for last trading of the year. Trading on the shares of the banks accounted for 209.04 million shares. |
| |
| TransCorp Initial Public Offering Opens Today |
| Transnational Corporation of Nigeria Plc - 28 Dec, 2006 |
| The historic N60 billion initial public offering of Transnational Corporation of Nigeria Plc. opens today. The eagerly awaited IPO is packaged as a special Christmas gift from the business group to Nigerians with the resonating themes ‘100% Nigeria . 100% World Class.’ and ‘It’s Yours. Take it Back.’ TransCorp currently owns the TransCorp Hilton Hotel, Nigeria’s most successful lodging, conference and leisure location, and NITEL, the leading telecommunications company. The company is offering 8 billion ordinary shares to the public at N7.50 each. The issuing houses to the offer are Union Capital Markets Limited, UBA Global Markets, Wema Asset Management Limited, Skye Bank Plc., Intercontinental Capital Markets Limited, BGL Limited and Vetiva Capital Management. The offer closes in the February 2007. The prospectus and application forms, as well as instructions for investors resident outside Nigeria will be available on the TransCorp website as from the first week in January, 2007. |
| |
| DUNLOP SETS FOR CAPITAL MARKET |
| Dunlop Nigeria plc - 20 Nov, 2006 |
| The Quotations Committee of the Nigerian Stock Exchange (NSE) on Friday,17th November,2006 approved the proposed offer of shares by way of rights and public offer for subscription of tyre giant, Dunlop Nigeria Plc, to raise the sum of N5.5 billion from the stock market, paving way for the completion of the pre – offer processes. |
| |
| Access Bank tops June trading |
| Access Bank Nigeria plc - 31 July, 2006 |
| Access Bank emerged the most active stock last month on the Lagos floor of the Nigerian Stock Exchange (NSE) as its investors exchanged over 300 million shares. |
| |
| Banking Stocks Rebound |
| Access Bank Nigeria plc - 28 July, 2006 |
| Stocks of the banking sub sector yesterday at the Nigerian Stock Exchange (NSE) drove equity transactions as its traded shares grew by 203.7million ordinary shares representing 189.3 percent of its sector totals. |
| |
| AP SET TO TAKE OVER THE AVIATION MARKET |
| African Petroleum plc - 30 May, 2006 |
| African Petroleum Plc commissioned its multi million-naira aviation sales office, at the local depot of Murtala Mohammed airport Lagos. |
| |
| LISTING BY INTRODUCTION OF UNION HOMES SAVINGS AND LOANS PLC |
| Nigerian Stock Exchange - 24 April, 2006 |
| UNION HOMES SAVINGS AND LOANS PLC would List by Way of Introduction its 2,000,000,000 Ordinary Shares of 50 kobo each at N3.00 per share on Monday, April 24, 2006 at The Nigerian Stock Echange. |
| |
| Chairman's year 2006 Award Night Speech |
| African Petroleum plc - 07 April, 2006 |
| On behalf of the Board of Directors, Management and staff of AP Plc, I thank you all for honouring our invitation to this occasion, which has been arranged for the purpose of recognizing some of our stakeholders, who have gone the extra mile in making AP what it is. |
| |
| Maiden Press Address By The New Chairman of AP PLC |
| African Petroleum plc - 16 Mar, 2006 |
| It is my pleasure to meet with you in my capacity as the Chairman of African Petroleum Plc, to make your acquaintance and to brief you on the current events in AP Plc. |
| |
| |
| Other Regional Headlines |
| Hundreds march in Cairo demanding Morsi ouster |
| ABW - 18 May, 2013 |
| i" i" Hundreds of people marched on Cairo's Tahrir Square yesterday calling for Egypt's Islamist President Mohamed Morsi to resign and demanding early elections. The demonstration was called by a number of opposition groups, including the AlDustur party of former UN atomic watchdog chief Mohamed ElBaradei and the April 6 movement which spearheaded the 2011 uprising to oust then president Hosni Mubarak. Marches originated in various parts of the capital and were to converge on Tahrir Square, which was the focal point of the antiMubarak uprising. At the head of one march people were carrying two large banners, one reading "an early presidential election" and the other "a unifying constitution for Egypt." Marchers from the Tamarod (rebellion) campaign, which claims to have garnered more than two million signatures demanding that Morsi resign, collected more names from people along the route. State me dia said security had been beefed up around the interior ministry, close to Tahrir Square, as it has been the scene of violent confrontations in the past. The opposition accuses Morsi of governing only in the interests of his Muslim Brotherhood, while he insists he is the "president of all Egyptians." Since Morsi was elected last June, Egypt has continued to suffer from a serious political and economic crisis, and there have often been frequent clashes, sometimes deadly, between his opponents and supporters. i" i" |
| |
| Egypt Celebs Declare 'Rebellion' Against Mursi |
| ABW - 18 May, 2013 |
| Cairo - Recently, Egyptian actor Ahmed Helmy took to Twitter and wrote, "I'm joining the 'Tamarrud' campaign. I demand that confidence be withdrawn from Dr. Mohamed Mursi." |
| |
| Arrest Them! |
| All Africa Global Media - 18 May, 2013 |
| PRESIDENT Michael Sata has ordered the immediate arrest of University of Zambia (UNZA) students who protested over the removal of fuel and maize subsidies in Lusaka yesterday. |
| |
| Jonathan Undermining Dialogue Committee - ACN |
| All Africa Global Media - 16 May, 2013 |
| The Action Congress of Nigeria (ACN) has said the emergency rule declared by by President Goodluck Jonathan in three states is lacking in original thinking, counterproductive and, therefore, asked the National Assembly to reject it. |
| |
| How Political Pressure Forced Caverton to Disown Rivers Govt Over Aircraft |
| All Africa Global Media - 16 May, 2013 |
| Indications have emerged that undue political pressure being mounted on Caverton Helicopters was behind the attempt by the company to disown its relationship with the Rivers State-owned aircraft, a Bombardier Global Express, currently grounded by the Nigerian Civil Aviation Authority, NCAA, in Port Harcourt. |
| |
| |
|
|
