Weekly African Footprint: April 11 , 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.


Egypt

•  Egyptian law shielding state deals set to go to cabinet 
•  New refinery promises some relief to Egypt fuel crisis
•  Egypt's core inflation quickens to 9.9 pct yr/yr in March

Ghana

•  Ghana central bank denies foreign investors fleeing bonds
•  Ghana hits a roadblock as fiscal instability undermines growth

Kenya

•  Kenya's NIC bank gets regulator approval for bonus share issue
•  Kenya's Bidco to invest $200 million by 2017
•  Kenya Airways expects return to profit
•  Kenya shilling holds steady, underpinned by central bank operations

Mauritius

•  Mauritius annual average inflation rate rises to 3.90 pct in Feb

Nigeria

•  Nigeria’s Diamond Bank Seeking Deposits to Offset Tougher Rules
•  Oando boosts liquidity position with sale of EHGC gas franchise
•  Higher taxes hurt Julius Berger’s FY’13 profits
•  FCMB Group reports N18.2bn PBT in 2013, up 12% from prior year
•  Mobil Oil’s profits surge on impressive operational efficiency
•  UBA Slows down African Expansion to Consolidate
•  Nigeria's Access Bank says 2013 pretax profit falls by 3 pct
•  Nigeria Skye Bank 2013 pretax profit up 3.8 pct
•  Nigerian Economy Overtakes South Africa’s on Rebased GDP
•  Nigeria interbank rates inch up on less liquidity
•  Nigeria Plans to Reweight Inflation
•  Nigerian parliament passes 2014 budget despite threats

Tanzania

•  Tanzania's inflation ticks up to 6.1 pct in March
•  Tanzania bourse presses state for privatisations

Zimbabwe

•  TelOne revenue up 8 percent
•  Delta, traders face off again
•  Econet not selling firm
•  BancABC secures $25m loan
•  Delta Says Lager Sales Crashed on Consumer Slowdown
•  Ecocash transfers exceed $4 billion
•  Foreign investors dominate ZSE
•  Nine banks snap up $103m TBs
•  Zimbabwe's Marange diamond sales earn $99 million in Q1
•  Zimbabwe revenue agency beats Q1 target, sees slowing economy
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