Weekly African Footprint: April 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's CPI steady at 2.8 percent in March y/y

Egypt

•  Heliopolis Housing targets LE 200 m profits in 2015/16
•  Egypt's Oriental Weavers to issue dividend of 0.4 pounds per share
•  Egyptian exports decrease by 16 pct in March
•  Egypt to import $3.55 bln worth of LNG in 2015-2016
•  Egypt signs MOUs with Kuwaiti company for $1.6 bln in energy projects

Ghana

•  Barclays Bank to increase lending to businesses
•  Ghana earns US$5 billion in minerals export
•  Ghana aims to issue Eurobond of up to $1 bln by end June
•  Cocoa production to rebound
•  Ghana's consumer inflation rises to 16.6 pct in March on weaker cedi

Kenya

•  Kenyan shilling seen rangebound, barring central bank dollar sales
•  Kenyan shilling seen weaker on dollar demand by energy sector

Malawi

•  Malawi CPI slows to 18.2 pct in March y/y

Nigeria

•  Unilever Nigeria Q1 pretax profit falls 21%
•  FirstBank Expands to Sierra Leone
•  UBA Bond Lifts NSE's Debt Market Capitalisation to N5.564tn
•  Transcorp Announces Record Group Revenue of N41.3bn
•  FBN Holdings sees modest loan growth this year
•  Nigeria's Diamond Bank says Q1 profit falls 9.5 pct
•  Nigeria's UBA says Q1 pretax profit rises 36 pct
•  Oando to Meet 100,000bpd Production Target by 2017
•  FCMB Assures Shareholders Higher Returns
•  Access Bank, UBA Succeed with N64bn Rights Issues
•  Nigeria Mulls Withdrawals Limit From Naira Account Abroad
•  Overnight Interbank Rate Rises to 90%
•  SEC Releases Final Rules on Demutualisation of Exchanges
•  Buharis oil policy to focus first on reform, taxes last
•  Templeton's Mobius says good time to invest in Nigerian stocks
•  Nigeria inflation edges higher to 8.5 pct yr/yr in March
•  IMF Tasks Nigeria on Fiscal Reforms, Subsidy

Tanzania

•  CRDB Bank reports 96bn/- net profit
•  Bank M registers robust Q1 profit
•  NMB announces robust 156bn/- annual profit
•  Exim Bank profit for 2014 up 35pc
•  T-bills bull run halted
•  DSE on posts outstanding performance in Q1
•  Tanzania Exchange Expects Three Initial Public Offerings in 2015
•  Tanzanian mobile phone subscribers jump by 16 pct in 2014
•  Tanzania's shilling at record low, corporate dollar demand weighs

Zambia

•  Zanaco targets 1 million customer
•  Stanbic seeks to boost SME sector growth
•  Zambia's kwacha gains 3 pct on possible mining tax review
•  Zambia to Revise Budget as Cabinet Approves Mine Tax Changes
•  Zambia economy up by 1.25%

Zimbabwe

•  Meikles, ZSE talks collapse
•  Turnall needs $5 million capital injection, expects better Q2
•  Delta Corporation says lager beer volumes down
•  NMBZ secures $37m offshore credits
•  Mwana Africa nickel sales up 49pct, gold output flat
•  Zimbabwe's exports up 12pct year on year, says RBZ
•  European Investment Bank team arrives in Zim
•  SA companies invest $1,2bln in Zim
•  ZSE industrial, mining indices dip in first quarter
•  DPC to secure AfrAsia Kingdom Holdings Assets
•  RBZ figures show $3bn circulating in informal economy
•  Zimbabwe consumer prices down 1.2 percent y/y in March
•  Banking sector profitability dips 17%

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