Weekly African Footprint: October 11 , 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's Citadel Q2 net loss narrows 62 pct from last year
•  Egypt-focused miner Centamin says on tract to beat 2013 guidance
•  Egypt inflation quickens to 10.1 pct in September

Ghana

•  GCB grows interest income
•  EU to support Ghana’s agriculture production
•  Ghana’s oil production hits 115,000 barrels daily
•  Ghana final cocoa purchases at 835,410 tonnes in 2012/2013
•  Ghana’s economy at risk—Fitch
•  Ghana consumer inflation rises to 11.9 pct in September

Kenya

•  Fresh hope as Panpaer Mills put up for sale
•  Kenyan retailer Uchumi to list shares on Rwanda bourse
•  KenolKobil paper raises Sh1.7 billion for operations
•  Safaricom owners’ value up Sh160bn
•  Nekumatt lost KES 2bn in Westgate attack
•  Kenya Power full-year profit down by a quarter
•  Licence hitch could delay mining of multi-trillion shilling deposits
•  Steady Kenyan shilling looks for boost from tea sector inflow
•  Strong Kenyan shilling eases as banks dip back into dollars
•  Kenya’s top coffee price drops at auction
•  Pancontinental may increase stake in Kenya's offshore L8 Block
•  Kenya shilling weakens, fall seen capped at 86 to the dollar

Malawi

•  Malawi president fires entire cabinet over graft scandal

Mauritius

•  Mauritius annual inflation unchanged at 3.50% in September

Nigeria

•  Conoil Assures Shareholders of Rosy Future
•  Dangote plans $34.7bn fresh investment in economy
•  Barclays targets expansion in Nigeria
•  FBN Capital hinges economic growth on sustainable infrastructure development
•  Shell shuts Nigeria pipeline again, 150,000 bpd deferred
•  Shell Nigeria selling 4 Delta oil blocks: sources
•  UBA Partners firm on e-payment solution
•  Nigeria Central Bank Says Tightening More Likely Than Easing
•  SEC, NSE, Stock broking firms advocate domestic stock ownership
•  Tier-2 banks may face capital adequacy challenges
•  Naira Depreciates as Dollar Liquidity Thins Out
•  All-Share Index Hits 2-month High on Q3 Results
•  Central Bank sells NGN 132bn treasury bills

Tanzania

•  Tanzania Arabica coffee prices ease, following New York
•  Tanzania inflation falls to 6.1% in September

Zambia

•  Zambeef expands in West Africa
•  Lafarge expects to hike its cement prices
•  Zambia’s debt growing
•  Steady agro policies anticipated in 2014 budget
•  Zambia exports 80,000mt maize

Zimbabwe

•  High Court comes to Victoria Foods’ rescue
•  Phoenix suspended from ZSE
•  Minister rules out quick Ziscosteel fix
•  BNC plan gets thumbs up
•  IDBZ mulls $54m bond
•  Mwana Africa out of ‘financial woods’
•  CBZ, Stanbic win CSD tender
•  Econet unveils new banking service
•  Seed Co to dispose 25% stake to UK firm
•  Blanket gold mine ups output by 4 percent
•  African Sun sued
•  Zim exports to SA up 6%
•  ZSE rallies as investors calmed by government assurances
•  SECZ calls for more disclosures