Weekly African Footprint: October 17, 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.

Botswana

•  Botswana Relies on Electricity Imports as Biggest Plant Fails

Egypt

•  IMF to assess Egypt's economy in November
•  Egypt to receive $5bn in loans from UAE and Saudi Arabia: Source
•  Egypt GDP growth up 3.7 pct in Q4, from 2.5 pct - planning ministry
•  Egypt stocks stem losses, signal possible rebound
•  Egypt central bank seen keeping rates on hold as inflation eases
•  Egypt imposes temporary tariffs to protect steel industry
•  Egyptian government approves plan to allow rice exports
•  Egypt central bank keeps rates on hold, monitoring risks from global growth jitters

Ghana

•  Ghana gets third Reinsurance Company
•  IMF to penalise Ghana for massaging economic figures
•  Government suspends 3 year bond issue
•  Ghana trims 2014 GDP growth forecast to 6.9 pct -stats service
•  Ghana says close to deal with IMF on financial assistance programme

Kenya

•  BAT share bull run sees it touch Sh1,000 at the bourse
•  Africa Oilfields to list on NSE and London exchange
•  KenGen drives Kenyan shares higher, shilling steady
•  London firm seeks Nairobi listing as it eyes oil boom
•  Tobacco farmers want bigger share of BATs fortunes
•  Kenya's economy accelerates in second quarter despite tourism slump

Nigeria

•  Nigerias Heritage is Acquiring Enterprise Bank for $340 Million
•  Guinness declares N109 billion revenue
•  PZ revenue rises by N1.57bn
•  Dangote Cement named most-capitalised company
•  Nigerian Breweries wins approval to merge with rival firm
•  Nigeria's Sterling Bank plans to raise up to $320 mln in fresh capital
•  Nigeria's SEC investigating share price freeze on Access Bank
•  Ecobank Nigeria, Others Partner UK Export Finance
•  Access Bank Shareholders Approve N68bn Rights Issue
•  Zenith Bank Divests from Zenith Securities
•  Transcorp to Open Hotel in Port Harcourt
•  Despite Drop in Oil Price, FG Sets 2015 Budget Benchmark at $78/bbl
•  SEC approves Nigerian Breweries, Consolidated Breweries merger

Tanzania

•  Statoil makes seventh gas discovery off Tanzania

Zambia

•  First Quantum says Zambia royalty hike will hit investment, jobs
•  Mines should embrace new tax regime
•  Angola expresses interest in becoming a major supplier of oil to Zambia

Zimbabwe

•  MBCA To Become Nedbank Zimbabwe
•  Delta Corporations lager volume decreases
•  Innscor Creates Stock Feeds Monopoly
•  Zimbabwe: Econet Launches Connected Car Service
•  RBZ Removes Bond Market Restrictions
•  Securities And Exchange Commission Of Zim Reviews Applications
•  Zimbabwe Stock Exchange continues to tumble
•  Zimbabwe Rushes to Create Sovereign Fund