Weekly African Footprint: September 26, 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

•  Orascom construction IPO expected during the first half of 2015
•  Egypt tenders to buy fuel oil for October -December
•  Egypt bourse buoyed by blue chips and foreign buying
•  Egypt to receive $1.5 billion in housing, sanitation project funding from World Bank
•  Egypt stocks end week on low amid profit-taking
•  Egypt's BOP records $1.5 bn surplus in FY 2013/14

Ghana

•  ETI emerges as best performing share on GSE
•  Ghanas Mahama Says IMF Loan Useful to Bolster Economy
•  Exports revenue reduce
•  Mining sectors value to grow
•  Producer Price Inflation hits 48.3%
•  Rising utility prices push up producer inflation
•  IMF team concludes crucial stage in bailout negotiations
•  Ghana aims to produce 1 mln T of cocoa in 2014/15 season

Kenya

•  Uchumi takes Sh405m Co-op Bank loan
•  Equity Bank value breaches Sh200bn barrier
•  Top TransCentury investors offload 13.1 million shares
•  Britam firms grip on Housing Finance after Mauritius-based unit buys stake
•  Safaricom loses titanic war on control of cash transfer service
•  Safaricom in joint bid for county IT tenders
•  Kenya Airways receives its fifth Dreamliner jet
•  Kenya's Unga annual pretax profit rises against restated figures
•  Kenya coffee prices fall at latest sale
•  Kenya shilling under pressure again after central bank action

Nigeria

•  Transcorp Hotels' N8bn IPO gets board approval
•  Nigeria's Access Bank plans shareholder vote Oct 13 on rights issue
•  Oando to Double Oil Output to 100,000bpd over Five Years
•  Oando Records 110% Growth in Profit, Pays N8.9bn Dividend
•  Lafarges New Deal for Shareholders
•  Oando posts N195b revenue, N9b half year profit
•  Moroccan bank, Skye, Fidelity bid for Mainstreet Bank
•  Investors in Transcorp Hotelss Offer Promised Consistent Dividend
•  S&P Affirms Nigerias BB-/B Rating, Negative Outlook
•  Investors Urged to Take Advantage of Stanbic IBTC ETF 30
•  Nigeria Earns $40bn from Oil Exports in Six Months
•  NSE Index Sheds 0.16% on Cautious Trading
•  Nigeria stocks hit 4-month closing low on naira, oil price worries
•  Nigeria oil exports to reach 14-month high in Nov -lists
•  Nigerias Power Industry Bailout Heads Off Threat to Lenders
•  Nigeria's Export to China Rises by 117.9%

Tanzania

•  Tanzania Seen Luring IPOs as State Scraps Foreign Caps
•  Tanzania lifts limit on foreigners' stock market purchases

Zambia

•  Zesco of Zambia Signs 300 Megawatt Power Agreement With GMR
•  Zambia power firm restricts power supply to Vedanta unit
•  Zambia Vedanta unit loses 482 tonnes of copper due to reduced power
•  Vedanta's Zambia unit halts underground work due to reduced power
•  Glencores Mopani Says Zambia Owes $200 Million in Tax Refunds

Zimbabwe

•  Zimbabwe Needs to Increase Platinum Production
•  PTA Bank Advances U.S $500 Million to Zimbabwe
•  Lafarge Plunges Into Loss
•  RTG sees 2% first half-year marginal revenue growth
•  Lafarge Plunges Into Loss
•  RTG sees 2% first half-year marginal revenue growth
•  TelOne targets to connect over 20 000 houses by next year
•  Zimbabweans face higher taxes
•  IMF Says Zimbabwe Must Repay Debt to Be Eligible for More Credit
•  Zimbabwe committed to use of renewable energy

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