News type: Research
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May 22, 2023 –
Dual listed stocks trade at sharp discounts to their home markets with Seplat Energy at 46% and Airtel Africa at 57%, in the March 2023 West Africa Top 30 report. Only Nigeria and BRVM had positive year-to-date US$ returns of 8.9% and 0.9 % respectively, while Ghana had negative year-to-date …
Research | Benin, Gambia, Ghana, Ivory Coast, Nigeria, Senegal, Togo
May 18, 2023 –
East Africa, Mauritius and Seychelles markets US$ returns were down 10.5% year to date in March 2023. 2 markets in the report have positive US$ returns year to date:- Seychelles 2.4% Tanzania 4.9% Fundamental valuation outliers NOTE: Valuations figures are listed as at 31 March 2023. Please click on the …
Research | Kenya, Mauritius, Rwanda, Tanzania, Uganda
May 8, 2023 –
TSL Limited, trucking logistics business, rail volumes to Maputo and Avis vehicle hire increased by 32%, 117% and 71% respectively in FY 2022. Highlights: TSL has a 71% market share of tobacco auctions in Zimbabwe. A new tobacco floor was opened in Mvurwi and has been operating successfully. Sales revenue …
Flash, Research | Zimbabwe
May 5, 2023 –
Copperbelt Energy Corporation Plc (CEC) FY 2022 revenue increased by 9% to US$374 million from US$342 million the previous year. Highlights: 57% of the revenue is attributed to Zambia Copper mines, 27% to DRC copper mines while the rest is attributed to wheeling. Since 2021, Konkola Copper Mines has been …
Flash, Research | Zambia
May 4, 2023 –
Despite rising input prices (caused by the Ukraine war) and declining demand, National Foods H1 2023 sales increased by 8% to US$167 million, demonstrating the Group’s strong business fundamentals and strategy. Highlights: H1 2023 working capital remains stable at US$40m. Earnings for H1 2023 ended at US$5.9 million as contrasted …
Flash, Research | Zimbabwe
May 3, 2023 –
South Central Africa’s companies are the smallest in Sub-Saharan Africa excluding South Africa with the largest company ranking number 24 of the Top 30 companies in Sub-Saharan Africa excluding South Africa. 2022 US$ earnings for the 14 companies which have reported have increased by 11%. 4 of the 5 countries …
Research | Botswana, Malawi, Mozambique, Namibia, South Africa, Zambia, Zimbabwe
Apr 21, 2023 –
Cresta Marakanelo Limited, was profitable in FY 2022, with attributable earnings of Pula 19.2m (US$1.5m), an improvement from the Pula 40.2m (US$3.4m) loss in FY 2021. Highlights: Cresta was severely affected by Covid 19, hence recorded losses in both FY 2020 and FY 2021 as a result of Covid lockdowns, …
Flash, Research | Botswana
Apr 19, 2023 –
Simbisa Brands, US$ earnings increased by 38% in H1 2023 to 31 December 2022 compared to year prior. Highlights: H1 2023 sales increased by 24% to US$146m. Foreign Exchange gains in H1 2023 increased to US$2.4m compared to US$1.9m in H1 2022. A bargain purchase gain of US$2.1m was realised …
Flash, Research | Zimbabwe
Mar 27, 2023 –
Sub-Saharan Africa’s (excluding South Africa’s) stock markets rose 2.9% in November 2022 but are down 15.5% year to date.
Research |
Mar 23, 2023 –
Zanaco Plc, FY 2022 earnings increased to US$65 million from US$59 million year prior. Highlights: H2 2022 earnings of US$44 million were higher than the US$42 million recorded in H2 2021. Net interest margin/total assets decreased to 8.3% from 9.7%, while loans were up by 26% to US$667 million. Non-performing …
Flash, Research | Zambia
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