Weekly African Footprint: October 04 , 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.

Botswana

•  Botswana leaves benchmark rate unchanged at 8 percent
•  Botswana GDP grows 4.1 pct in second quarter of 2013

Egypt

•  Egypt plans smart card system for buying fuel from 2014
•  Egypt in talks to extend oil product supplies from Gulf
•  Egypt foreign reserves fall slightly in September

Ghana

•  Guinness Ghana full-year profit slips nearly 27 pct
•  Ghana’s energy sector will drive economy
•  Ministry of Finance holds review meeting

Kenya

•  Essar Energy plans to sell Mombasa refinery stake to Kenya
•  Kenya's ARM Cement sees profit up 35 pct this year due regional growth
•  Investors snap up Shelter Afrique's 3.5 bln shilling bond tranche
•  Kenyan Inflation Breaches Central Bank Target After Tax Measure
•  Kenya sees tea earnings up 9 pct in 2013: regulator
•  Kenya says 2013 Q2 GDP growth at 4.3 pct - stats office
•  Tourism slowdown hurts growth
•  Tea yield jumps up 7.5%
•  Kenya offers 12-year infrastructure bond for tap sale
•  IMF sees Kenya inflation below 7.5 pct by early 2014
•  Kenya's port upgrades power supply to end damaging shutdowns

Mauritius

•  Mauritius keeps key repo rate unchanged at 4.65 pct
•  Mauritius Central Bank raises cash reserve ratio to 8 pct

Nigeria

•  Continental-Re rakes in NGN 7.9bn premium by mid 2013
•  NIBSS records N3.8b gross earnings, N807m PBT in 2013
•  Skye Shelter Fund Pays N5 Dividend to Unit Holders
•  FCMB commits over $275m to power sector value chain
•  SEC Approves Wema Bank’s N40bn Issue
•  Power investors take over, open door to massive employment
•  CBN sold USD 2.8bn to stabilize naira in September
•  Lower cost drives growth of Nigeria’s retail sector
•  World Bank approves $300m credit for Nigeria's new mortgage initiative
•  Foreign investors plan $16bn investment in Delta

Zambia

•  Gemfields says keen to acquire more emerald deposits
•  Zambia raising $250 mln syndicated loan-bankers

Zimbabwe

•  PG narrows after-tax loss
•  Hwange spends US$11m on equipment upgrade
•  Aico targets USD 50m from share disposal
•  African Sun corrects financials
•  Old Mutual opens one-stop shop
•  Brainworks acquires 32pc of African Sun
•  Power cuts hit industry
•  Cost of living marginally rises
•  Modalities to address economic challenges on cards
•  Zimbabwe to give $160 mln in aid to farmers