Weekly African Footprint: June 28 , 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

•  Large Swiss traders dominate sales of fuel to Egypt
•  Egypt economy grew by 2.2 pct in Jan-March: planning ministry

Ghana

•  Parliament defers approval of Eurobond
•  Ghana’s cocoa purchases decline by 17%
•  Bank of Ghana calls for complete withdrawal of fuel subsidy
•  Power crisis slows Ghana's Q1 GDP growth rate
•  IMF warns of risks to Ghana’s growth and fiscal targets

Kenya

•  Safaricom takes on plastic money with mobile wallet
•  KQ eyes cost savings to restore profit
•  Keep an eye on inflation while setting lending rate, CBK told
•  Treasury strikes NSE ownership deal with broker
•  Kenyans’ foreign share ownership rises to Sh26bn
•  Kenya seeks lead manager as it plans $1bn sovereign bond
•  Kenya seeks KES 84bn for budget deficit
•  Foreign investors win battle for control of mining firms
•  Kenya tea output in May rises 6% year on year to 39.6m kg
•  Kenya says sees higher tourism revenues, arrivals in 2013

Malawi

•  Malawi inflation slows to 31 pct y/y in May: NSO

Maurtius

•  Mauritius trade deficit narrows in April
•  Mauritius trims 2013 GDP forecast to 3.3% : stats office
•  Mauritius business confidence takes a hit in Q2

Nigeria

•  Nigerian oil firm Oando 2012 pretax profit up 35 pct
•  NSE Lists First Monument Bank Group as Holdco
•  Oando Beats Dividend Forecasts as Net Profit Rises by 527%
•  Diamond Bank extends USD 550m bond issue to July
•  Cadbury invests USD 100m in facility, capacity upgrade
•  Liquidity Crisis Threatens Finance Houses' Operations
•  CBN Raises Dollar Supply by 67%
•  Presidency allays fear on economy

Tanzania

•  Cement Manufacturer to Invest Sh300 Billion
•  Tanzania to Upgrade Dar as Salaam Port to Compete With Mombasa

Zambia

•  Zambia Bond Exchange Plans Market to Rival Lusaka Bourse
•  Zambia inflation rises to 7.3 pct y/y in June

Zimbabwe

•  Falgold posts $2,6m loss
•  Rio Tinto to keep diamond mines
•  Meikles partners Afghan mining firm
•  Bindura struggles to keep afloat
•  African Sun ‘shines’
•  Zimre operating profit up 38%
•  Funding problems hit Trojan Mine restart
•  FBCH merger gets nod
•  Tobacco deliveries reach 152m kg
•  Economic growth stalls: CZI
•  Biti to announce lukewarm mid-term policy
•  Sluggish economy hits property market
•  External trade on the decline
•  World Bank engages Zimbabwe on debt
•  Zimbabwe’s FDI grows
•  Parties consider coalition
•  Unresolved land issue impedes economic growth