Weekly African Footprint: January 10 , 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

•  Egypt's EFG approves $144 mln share buyback plan
•  Egypt core inflation dips slightly in December

Ghana

•  Airtel Insurance set to boost insurance penetration in Ghana
•  Ghana cocoa exports hit as stevedores strike at Takoradi
•  Bank of Ghana issues new restrictions to support local currency

Kenya

•  Kenya, IMF discuss new lending ‘insurance’ to cushion economy
•  Kenya delays energy bill until June

Nigeria

•  Nigeria's Access Bank sells Ivorian unit to Cameroon's Afriland
•  FCMB embarks on branch expansion
•  UBA 2014 loan growth to match last year’s, led by power
•  Dangote’s $400m Zambia cement plant ready February
•  Nigeria SEC warns Ecobank over corporate governance
•  Nigeria’s Unemployment Rate May Rise by 2%
•  Nigeria economy projected to grow at 12% with stable power
•  Nigeria’s 47% stock market returns, best in Africa in 2013

Tanzania

•  Tanzania year-on-year inflation falls to 5.6 pct in December

Zambia

•  KCM outlook dependent on expansion
•  BancABC increases capital security
•  Zambeef shares increase on AIM
•  Kwacha continues on volatile run
•  Zambia gains from USD 90m loan
•  Zambia Plans Sovereign Wealth Fund to Stimulate Investment

Zimbabwe

•  US$30m gold mine gets nod
•  BAT, TSL top ZSE performers in 2013
•  RBZ to pay US$87m Meikles debt
•  Zimbabwe Says Target for Anglo, Implats Refinery Unachievable
•  2014 revival year for industry: CZI
•  Trade deficit soars
•  Blanket targets 48 000oz in F14

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