Weekly African Footprint: November 28, 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

•  Vodafone Egypt signs LE4 billion loan deal
•  Egypt aims to renegotiate Suez Canal container port deal
•  Egypt aims to renegotiate Suez Canal container port deal
•  Egypt's Beltone to issue bonus shares, raise capital
•  Egypt's market starts week in green
•  Egypt central bank seen keeping rates on hold amid nascent recovery
•  IMF says Egypt economy recovering, urges exchange rate flexibility
•  Egypt keeps key interest rates steady, eyes risks to growth

Ghana

•  IMF says significant progress in Ghana aid talks
•  Ghana says IMF satisfied with its fiscal reforms
•  Ghana creates power ministry in bid to solve electricity crisis
•  IMF to support Ghana's economic programme
•  Ghana Plans Bond Sales on Bourse That May Halt Bank Auctions

Kenya

•  Orange back to drawing board as buyout bid flops
•  Equity in race to avoid capital gains tax on transfers
•  Kenya's KCB Bank to offer mortgage-backed securities
•  Kenya to cross-list its $2 bln Eurobond on the Nairobi bourse
•  Kenyan shilling seen stable unless central bank intervenes
•  Kenya's Mombasa to start charging extra taxes at port - governor

Nigeria

•  UBA Introduces Foreign Currency Transfer on Online Banking Platform
•  Oando to Raise N49bn Fresh Capital via Rights Issue
•  Carlyle Group Buys Stake in Diamond Bank
•  Transcorp Hotels IPO Followed All Legal Processes
•  Transcorp to begin construction on $140m Lagos hotel in 2 weeks
•  Nigeria's Access Bank sees 'little' impact from naira devaluation
•  Nigeria's parliament says Shell should pay $4bln for 2011 oil spill
•  FCMB Partners Cornerstone on Insurance Coverage
•  AMCON Completes Sale of Enterprise Bank to Heritage Bank
•  Nigeria to cut petrol subsidy by half in 2015 as oil price falls
•  Bond Yields Rise on Panic Sell-offs
•  Nigerias Oil, Gas Industry Recorded $380bn Capital Flight in 30 Years
•  Nigeria says too much boom time oil savings spent on state governors
•  Nigeria currency devaluation to curb banks' Eurobond bonanza
•  AXA buys Nigerian insurer for 198 mln euros
•  Equities Market Gains N274bn in Three Days

Tanzania

•  Tanzanian lawmakers to debate on energy graft despite objections
•  Cement Output Set to Double Soon

Zambia

•  Illovo to expand business in Zambia
•  2015 economic outlook positive
•  Zambian Inflation Advances to Three-Year High as Vote Looms

Zimbabwe

•  Econet partners Ericsson in network upgrade programme
•  Zimbabwe needs to create 140 000 jobs annually
•  Banks demand Zimdollar losses compensation
•  Zimbabwe Plans to Start Bond Market by June to Revive Trading
•  Zimbabwe Stock Exchange bearish
•  Sweden pledges $3m for infrastructure development
•  Little room for Chinamasa to manoeuvre analysts
•  Zimbabwe economy flatlines, state wage bill soars

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