Weekly African Footprint: August 02 , 2013

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

•  Meditrade seeking 20,000 tone soybean oil—trade
•  Egypt plans quick steps to spur economy, then 'Marshall Plan'
•  Egypt's pound strengthens at Monday's central bank forex sale
•  Egypt’s central bank makes surprise interest rate cuts

Ghana

•  Ecobank Says Profit Almost Doubles After Nigeria, Ghana Growth
•  Ghana’s GCB reports 80% jump in H1 earnings
•  Ecobank says no wrongdoing over chairman's debt
•  Ghana May Hold Key Rate at 16% Awaiting Eurobond Proceeds
•  Ghana inflation to fall to mid 7-11 pct band by early 2014: cbank

Kenya

•  Equity Bank of Kenya First-Half Profit Jumps on Loans Income
•  Kenya's Equity Bank cashing in on Chinese arrivals
•  Kenya's CIC Insurance says H1 pretax profit rises 5 pct
•  Kenyan Shilling softens, importer demand for dollars to weigh
•  Kenyan tea exports hurting from Egypt unrest
•  Kenya inflation rises to 6.02% in year to July
•  Kenya’s East African Breweries shares fall after profit warning
•  Kenya says tea export volumes unaffected by Egypt unrest
•  Kenya faces tight EU deal deadline
•  Kenya benchmark coffee price falls after six-week break

Mauritius

•  Mauritius 273 -day T-bill yield inches higher to 2.88%
•  Mauritius central bank governor says inflation still a worry

Nigeria

•  Ecobank targets increase agric sector lending
•  Skye Bank posts NGN 10.5bn profit in second quarter
•  Nahco records NGN 508m profit in 6 months
•  Nigerian conglomerate UAC says H1 profit rises 50%
•  Conoil Boosts Fuel Retailing, Builds 7 New Stations
•  UBA Records N33bn Profit in Six Months
•  Mobil Nigeria says H1 pretax profit up 69%
•  Access Bank to support operators in hospitality industry
•  Honeywell Flour Mills reaping the fruits of expansion
•  Nigeria's Diamond Bank H1 pre-tax profits up 14.2 pct
•  Nigeria's Ashaka Cement first-half pretax profit falls 54.4 pct
•  GSK Nigeria says H1 pretax profit up 8.3 pct
•  Rising costs, Nigeria thefts blot Shell profits
•  Eni points to "significant" problems in Nigeria
•  Seven-up Bottling declares NGN 2.20 dividend
•  Nigerian Banks may suffer earnings decline in 2013
•  CBN’s initiative to curb excess liquidity unsettles markets
•  Nigeria attracts NGN 480bn Investment for Sugar production
•  Nigeria’s retail sector attracts over NGN 200bn in two years
•  Eurobond success positive for Nigerian economy
•  Fitch: Tougher regulations may hamper Nigerian banks’ earnings

Tanzania

•  World Bank lends Tanzania $210 mln for infrastructure

Zambia

•  Copperbelt Energy to Raise $150 Million for Expansion
•  Prima Re Plans Zambia’s First IPO Since 2008 to Fund Expansion
•  Cement plant on cards
•  Zanaco declares ZMK 10.5m dividend
•  Inflation maintained at 7.3%
•  AFDB, IFC to issue K5.2b bonds
•  Mine’s power cost renegotiations
•  SMEs to trade on LuSe 2nd tier
•  Zambia's central bank leaves rate unchanged at 9.75 percent

Zimbabwe

•  CFI, Grindrod deal gets nod
•  Seven banks face closure—Biti
•  Astra deal awaits CTC nod
•  Bindura raises red flag
•  Phoenix posts USD 228k loss
•  Colcom announces profit warning
•  Hwange Colliery’s bid thrown out
•  Zimbabwe trade deficit widens
•  IPPs key to Zimbabwe energy solution
•  Maize producer price rises
•  ‘Poll results key to economic stability’