Weekly African Footprint: August 23 , 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.

Botswana

•  Botswana's July inflation at 5.7 percent year-on-year

Egypt

•  Analysis - With Gulf aid, Egypt economy can limp through crisis

Ghana

•  Costs at AngloGold Ashanti's main Ghana mine unsustainable
•  Gna cocoa light crop purchases reach 44,957 T by Aug 8
•  • SocGen Sees Ghana Inflation to Less Gold Cash Speeding Cedi Fall
•  Ghana's debut 7-year bond oversubscribed, 17.5 pct yield

Kenya

•  Kenya Airways says passenger numbers back to normal after fire
•  Access Kenya H1 profits up 84% on lower financing costs
•  EABL stock in nosedive ahead of annual results
•  Safaricom eyes share of rental market pie
•  Pretax profit at Kenya's NIC Bank rises 15 percent
•  East African Breweries profit hurt by rising costs
•  StanChart Kenya says pretax profit flat in H1
•  Kenyan oil firm KenolKobil swings into H1 profit
•  CBK to introduce new-look currency in 2015
•  Kenya From Nowhere Plans East Africa’s First Oil Exports
•  Kenya signs infrastructure, energy deals worth $5 billion with China
•  Kenya's debt jumps, risks raising borrowing costs

Nigeria

•  Nigeria’s Wema Bank CFO Planning to Raise $200 Million for Loans
•  International Breweries’ shareholders endorse 0.25k dividend
•  MRS’ shareholders approve N59.28 million total dividend payout
•  Flour Mills of Nigeria Q1 pretax profit falls 8.8 pct
•  GT Bank makes NGN 49m profit at half year
•  Conoil Plc’s profit hits NGN 1.6bn at half year
•  Nigeria's Access Bank says H1 profit falls 14 pct
•  Q2: Oando’s Profit Declines to N4.3 Billion
•  Afren H1 output up 13 pct
•  Flour Mills Seals Deal with South American Firm
•  Nigeria inflation rises to 8.7% in July
•  World Bank, WAIFEM move to ensure Nigeria's debt is at sustainable level
•  ‘Nigeria’s telecoms sector generates $9.3b revenue in 2012’
•  Nigeria’s debt/GDP ratio inches closer to fiscal ceiling
•  Banks’ Deposits with CBN Rise to N2.4 Trillion
•  Nigeria Risks $185 Billion Loss From New Law, Oil Companies Say

Tanzania

•  CRDB Bank Adopts Chinese Credit Cards
•  Swala Energy Will List Tanzanian Unit to Fund Expansion Plans

Zambia

•  CEC to construct $2.8m power lines
•  National Breweries to invest K132m in new brewery
•  Japan pledges increased rice production in Zambia
•  State bars cartels in agricultural sector
•  Agro-sector records steady growth
•  Government revises the Sixth National Development Plan

Zimbabwe

•  Meikles to lay off 55 workers
•  MBCA posts solid half-year results
•  ABC to assess shares
•  Hwange acquires equipment
•  Lifestyle Holdings downsizes
•  Meikles mining partner ready to inject USD 500m
•  Econet launches 4G
•  FBC Holdings profit up
•  RTG turns the corner
•  FBC seeks US$10m
•  Turnall reports half-year loss
•  Low cotton output projected
•  CZI urges caution on indigenisation
•  Zimbabwe’s July inflation slows to 1.25%
•  U.S. says Zimbabwe vote flawed, won't lift sanctions Inflation continues to fall
•  Foreign investors still rattled by poll outcome
•  Chamber of mines engages new govt