Weekly African Footprint: May 10 , 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

•  Egypt eyes 5.5% budget deficit in 2016-17
•  Egypt says Libyan and Iraqi oil to arrive next month

Ghana

•  Kosmos to invest USD 400mn in Ghana oil development in 2013

Kenya

•  South African firm in bid to buy Access Kenya
•  Equity Bank plans holding firm to oversee regional businesses
•  Equity Bank profit up 21%
•  Coffee prices decline as quality dips
•  Kenyan shilling outlook bearish before key rate decision
•  Kenya central bank cuts key lending rate by 100 bps
•  Kenya wind project closes in on full funding after AfDB loan

Maurtius

•  Mauritius inflation rate steady at 3.6% in April

Nigeria

•  GT Bank lists benefits of UK Nigeria trade partnership
•  Fidelity Bank issues USD 300m 5-year Eurobond
•  Lafarge Nigeria unit says Q1 pretax profit jumps 20.6%
•  Dangote Secures $4.25 Billion for Nigeria Oil Refinery
•  FBN of Nigeria's CEO Plans $500 Million Eurobond Sale
•  Bond yields widen as oil prices decline
•  Nigeria to access additional funding over blend status: World Bank
•  Foreign investors appetite for Nigerian bonds grows
•  Nigeria loses USD 37bn investments to non-passage of PIB

Zambia

•  Zamchick, Rainbow chicken to merge
•  Stanchart, CDC sign USD 100m agreement
•  Zambia Railways Ltd, Tazara in supply chain system

Zimbabwe

•  Gulliver factory auctioned
•  US Sanctions hit Olivine
•  IDBZ engages Chinese Development Bank
•  RioZim sinks deeper into debt
•  Zimra nets USD 2.2m from tobacco
•  ZISCO privatisation deal faces collapse
•  Zimbabwe seeks control of metal sales
•  Mining growth under threat