Weekly African Footprint: April 04 , 2014

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.

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Botswana

•  Botswana Q4 GDP growth quickens to 3.6 percent q/q

Egypt

•  Egypt energy subsidy bill to rise by 10-12% next year
•  Egypt current account swings back into deficit
•  Egypt's cabinet approves use of coal for power generation

Ghana

•  GCB profit hits GHS 229m
•  Ghana Raises Bank Cash Limits to Boost Worst Africa Currency

Kenya

•  Tiger Brands drops bid for Kenyan miller
•  Kenya's ARM Cement posts 12 percent rise in 2013 pretax profit
•  Regulation could scupper Essar asset purchase, says Kenya's Safaricom
•  Afreximbank says in second phase of $1.9 bln Kenya Airways financing
•  TransCentury sells its Rift Valley Railways stake to Citadel
•  Dangote entry to stir up East African cement market
•  Kenya's Mumias Sugar suspends CEO over sales deals
•  Total Kenya swings back to full-year profit
•  Regulator sets tough conditions for mobile firms
•  Kenyan shilling steady, central bank mop-ups eyed
•  Kenya Will Create Sovereign Wealth Fund Before Crude Output
•  Kenyan shilling weaker as banks cover short dollar positions
•  Kenyan bank debts become more transparent

Nigeria

•  Unilever says 2013 profit down 16%
•  Diamond Bank 2013 profit up 17%
•  NAHCO’s shareholders get NGN 443m dividend
•  UBA’s loan book rises 42% to NGN 973bn
•  Zenith Bank approves Amangbo as successor to Emefiele
•  Transcorp Targets N30bn Profit in 2014
•  Seven Energy stakes $250m on East Horizon Gas acquisition
•  Nigeria's Diamond Bank to raise $750 mln fresh capital
•  Profits at Nigeria's Fidelity Bank drop 58 pct
•  FBN, Ecobank Seal $170m Financing Deal
•  Fitch Rates Zenith Bank's $1bn GMTN 'B '
•  Banks’ reserves with CBN hit NGN 3.7
•  Investors to pump $2.6bn into Nigeria’s sugar industry
•  FGN Bonds: DMO to Raise $1.70bn in Q2 2014
•  New acquisitions delay FBN’s 2013 account submission
•  FG set to release Nigeria’s new GDP figure
•  Nigeria and Sao Tome pin hopes on new technology in joint oil zone
•  Nigeria shuts 125,000 bpd Warri oil refinery
•  Nigeria GDP rebase on Sunday likely to make it Africa's No. 1

Tanzania

•  CRDB Bank Announces Superb Profit
•  Tanzania seeks rating within 3 months ahead of planned Eurob

Zambia

•  Zambia’s metal exports nose dive
•  Zambia to increase mining electricity prices by 28.8 pct
•  Zambia seen paying 8 percent-plus yield on new dollar bond
•  Zambia Mines Unable to Take 29% Power-Price Raise, Chamber Says
•  Zambia electricity price hike threatens mining output

Zimbabwe

•  CFI revenue down 9%
•  Old Mutual, NSSA buy $30m TBs
•  Blanket Mine profit 27 percent lower
•  Sino-Zim confident of meeting target
•  US firm acquires Derbyshire Quarry
•  Sefalana, starafrica deal collapses
•  Econet starts loan roll out
•  International investor pours $210m into bank
•  Zimbabwe Said to Have Issued Treasury Bills to Repay Seven Banks