Weekly African Footprint: November 15 , 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

•  Telecom Egypt says Q3 revenue climbs 15.6 pct
•  Egypt's CIB Q3 net climbs 51 pct to 920 mln EGP
•  Talaat Moustafa Group's 9-month profits fall in 2013 despite sales rise
•  Egypt's largest car company hit by 88% annual profits decline in Q3/2013
•  Egypt plans second stimulus by year end
•  Egyptian inflation rises to 10.4 percent in October
•  IMF says still ready to aid Egypt when needed

Ghana

•  Newmont Ghana pays GH¢49.6m tax for 2013 third quarter
•  Ghana earned $2.5bn from tourism in 2012
•  Brazil Says Camargo Correa Targets Ghana Power Plans
•  Ghana consumer inflation surges in October

Kenya

•  Kenya Power Plans Eurobond Sale to Reduce Exposure to Shilling
•  Safaricom CEO Says Company to Diversify With TV Content
•  Kenya's Centum first-half pre-tax profit up 24 percent
•  Tullow Oil flags Kenya restart, weak North Sea sale process
•  Kenya Airways swings to profit in its first half
•  Kenya's Diamond Trust Bank lifts 9-month pretax profit by 22 pct
•  Britam acquires 25pc of Acorn Group shares, ups presence in property sector
•  EU says to plug financing gap for 300 MW Kenyan wind power farm
•  Kenya cuts retail fuel prices for second month in a row
•  Kenyan tea firms post mixed results, say low prices a concern
•  Kenyan shilling steady vs dollar, eyes on liquidity

Malawi

•  Malawi raises end-2013 inflation target to 23.1 percent

Mauritius

•  Mauritian hotels group Sun Resorts posts deeper nine-month loss
•  Mauritius Commercial Bank Q1 pretax profit up 16 pct

Nigeria

•  Guinness rebrands Stout with new label
•  First Bank Acquires W’African Operations of ICB
•  Dangote Targets 1.5m Tonnes of Local Sugar Production
•  Nigerian fuel retailer MRS Oil swings to 9-month profit
•  Nigeria Plans Budget Curbs Amid Fear of Spending Blowout
•  Banks’ earnings slow on regulation as IMF urges CRR curb
•  CBN Vows to Maintain Single-digit Inflation
•  Barclays Targets Nigerian Banks
•  Nigeria’s debt rises to N8.32tn
•  CBN Designates Eight Banks ‘Too Big to Fail’
•  External Reserves Drop to $44.997 Billion
•  Nigeria's bad-debt bank posts 2012 after-tax loss of $5 bln
•  Nigeria inflation falls to new 5-year low of 7.8 pct
•  Nigeria's banks seek new avenues to make money after profit hit
•  Nigeria diverts $1 bln oil savings to state budget

Tanzania

•  Tanzania: IMF Predicts Revenue Deficit in 2013/2014
•  Enterprises Growth Market to unlock potential of small firms
•  Tanzania to open up capital markets to east African investors
•  Cotton output drops by 33 per cent in 2012/13 season
•  Tanzania's first-ever 15-yr bond sale over-subscribed

Zambia

•  Zambia’s external debt sustainable

Zimbabwe

•  FBC gets US$10m line of credit
•  Nestlé invests $20 million in plant upgrade
•  Meikles seeks partnership in gold mining
•  Redan, Puma mull 60:40 deal
•  Willdale plans to lease out Tenerife factory
•  Natfoods to spend $30m on mill upgrade
•  Delta earnings up despite imbibers drink less lagers
•  Delta Beverages to construct a $8 million bottling plant for Chibuku
•  Mwana eyes US$3,5m profit
•  Econet seals deal with US-based Sandvine
•  Meikles complete $9 million refurbishment
•  US$319m deal sealed
•  New diamond miner to start exploration
•  Zimbabwe tops global platinum supplies
•  Zimbabwe's rusting factories put Mugabe in a bind