WHAT TO WATCH NEXT WEEK
Monday, 25 July
- Kenya Equity Bank’s H1 – Equity Bank of Kenya posts its results for the first-half of this year. The bank is expected to post growth in profits, boosted by its transaction model in a growing economy as well as operations in neighbouring markets. (0600)
- Tanzania-Current Account y/y (TZCURA=ECI) – Tanzania’s current account deficit narrowed 0.8 percent in the year to April helped by improved export performance and an increase in transfers from development partners. (0800)
- Nigeria- Central Bank Lending rate decision – (0800)
- ITALY-FAO emergency meeting on east Africa famine – Meeting to discuss mobilising aid for east Africa to be attended by ministers, senior reps from member countries, UN bodies, NGOs etc, press conference to follow at 1030 GMT – (0930)
Tuesday, 26 July
- Zimbabwe – Mid-year budget statement by finance minister – Finance Minister Tendai Biti presents mid-year budget statement to Parliament. He may revise growth projections — economy originally expected to grow 9.3 pct in — and inflation targets. The finance minister may also announce a wider budget deficit after the govt employees said they had received wage increases although tax revenues are not increasing in tandem. Expecting comments on revenues from diamonds from the controversial Marange fields where Chinese firms have been licenced to mine alluvial diamonds. (1500)
Wednesday, 27 July
- Confederation of Zimbabwe Industries (CZI) holds annual congress – Zimbabwe’s industrial body CZI holds annual congress to review the state of the local industries which are struggling to get financing to recapitalise and increase production and are facing stiff competition from products from neighbouring South Africa. (All Day)
- Kenya-July Bank Lending rate decision – Kenya raised its benchmark lending rate by a smaller-than-expected 25 basis points to 6.25 percent in May in an effort to tame double-digit inflation. A rate decision is like to be released on this date. (1000)
Thursday, 28 July
- Ivory Coast – Finance ministry briefing to businessmen, the public – Finance Minister Charles Koffi Dibby is to address investors, businesspeople and (hopefully) the press detailing and explaining his budget plans for the rest of the year. The award winning finance minister will have a tough challenge to deal with huge public debt and get growth going again after war tipped the country into recession. (All Day)
- Zambia-July Inflation – Zambia’s annual headline consumer inflation quickened slightly to 9.0 percent year-on-year in June from 8.9 percent in May. (1000)
Friday, 29 July
- KENYA-FOREX RESERVES/ Weekly Forex reserve table. – (All Day)
- South Africa-June Money supply – Growth in credit demand by South Africa’s private sector slowed to 5.18 percent year-on-year in May compared with a slightly downward revised 6.17 percent in April, central bank data showed. (0800)
- South Africa-June Trade balance – South Africa’s trade deficit narrowed to 1.0 billion rand ($148 million) in May — in line with forecasts — from a 2.4 billion rand shortfall, the South African Revenue Service said. (1400)
Source: Reuters Africa newsletter
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