Weekly African Footprint: May 09 , 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

• Telecom Egypt agrees to pay 2.5 bln EGP for mobile licence
• Egypt's Arabian Cement Co. seeks $120 mln from share listing
• Egyptian treasury bill yields jump to four-month high
• Egypt cabinet approves tax rise for wealthy
• Egypt funding crunch slowing food payments again

Ghana

• BoG predicts stable cedi in 2nd half

Kenya

• KCB share hits all-time high as telecoms lead in traded volume
• BAT Kenya commits to 100 per cent dividend payouts
• KenGen woos manufacturers with cheaper Olkaria power
• Kenya Airways faces Sh14bn tax bill for eight new aircraft
• Safaricom upgrades system for faster mobile banking
• Kenya's NIC Bank says Q1 2013 pretax profit up
• Barclays Bank Kenya Q1 2014 pretax profit up 16%
• Kenya’s main Mombasa port traffic up 9% on Q1, expansion continues

Mauritius

• Mauritius inflation seen rising to 4.5 pct by end 2014

Nigeria

• Transcorp, NNPC sign production sharing contract on Opl 281
• Fidelity Bank to establish 26 more branches
• Dangote Cement Plans To Increase Capacity By 45%
• Nigeria's Dangote Cement Q1 profit dips 1.25 pct to 53 bln naira
• Access Bank Records N13bn Q1 Profit
• Fidelity Bank Partners Firm on Money Transfer
• Lafarge WAPCO Grows First Quarter Profit by 34%
• Julius Berger Issues Bonus Share to Shareholders
• Guinness Nigeria Says Violence Wave May Deter Foreign Investors
• Standard Bank has no immediate plans for Nigerian acquisition
• More Nigerian Companies Plan London Stock Exchange Listing
• MTN expects Naira to be devalued after Nigeria 2015 election
• Development partners to inject USD 2bn into Nigeria’s power sector

Tanzania

• Tanzania inflation edges higher in year to April

Zambia

• Zambia's annual maize output up 30 percent yr-on-yr
• Zambia central bank leaves lending rate unchanged at 12%

Zimbabwe

• BNC mull Shangani Mine resuscitation Zimre Holdings profits decline
• Mixed fortunes for Zimplow
• Zimbabwe's Econet Wireless says full-year profit down 15 pct
• Steward Bank posts USD 26.4m loss
• IDBZ secures $10m loan for tourism
• Government, brokers agree on demutualization
• Zimbabwe Plans to Secure Chinese Financing With Gold, Diamonds
• Zimbabwe's new c.bank chief cautions on black empowerment drive