Weekly African Footprint: April 22, 2016

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 BCL Mine plans $250m bond to pay for acquisitions

Egypt

•  France signed deals worth 2bln Euros with Egypt
•  Egypt to launch new oil exploration round next week
•  Egypt pound weaker on black market amid dollar hoarding

Ghana

•  Egypt pound weaker on black market amid dollar hoarding
•  Ghana's ADB Said to Raise 450 Million Cedis in Initial Offering
•  Ghana's Dollar-Starved Currency Market Eyes Gold, Cocoa Boom
•  Govt To Borrow GH¢500m
•  Ghana names monetary policy specialist as deputy central bank governor

Kenya

•  Kenya's Britam Holdings swings to full-year loss
•  Kenya KCB Group to manage and may buy closed Chase Bank
•  Stanchart, Kenya Airways (KQ) axed from NSE 20 Share Index
•  Small lenders to bear heavy burden of sector shockwaves
•  Kenya seeks to boost tax collection to cut deficit
•  Court stops CBK, Imperial bank from paying depositors
•  Kenya Revenue Authority misses Treasury's revenue target by Sh69 billion

Malawi

•  Malawi's inflation slows to 22.1 pct y/y in March

Mauritius

•  Mauritius 91-day Treasury bill yield edges up to 2.72 pct

Nigeria

•  Eni declares force majeure on Nigeria's Brass River grade crude-trader
•  Shell says theft from its Nigerian oil pipeline network fell in 2015
•  Total lifts Nigeria's gas output with $5.7bln investment
•  Shareholders Approve Transcorp Hotels' Expansion Drive
•  Shell pays Nigerian govt $42b oil revenue in four years
•  Dangote asks FG to invest in infrastructure, housing to support growth
•  Dangote Sugar Refinery Shareholders Approve N6bn Dividend
•  Nestle Opens N5.6bn Water Factory to Create Jobs
•  Nigeria opens tender seeking partners to revive its ailing refineries
•  Nigeria's Buhari needs more time to sign 2016 budget: minister
•  Nigeria collects $13.57 bln in government account: accountant-general
•  Nigerian revenues fall to $1.50 bln in March: ministry
•  Yields on Nigeria's Treasury Bills Rise Across Board

Tanzania

•  CRDB posts impressive Q1 results in Burundi this year
•  CRDB microfinance profit soars
•  TOL profitability continues
•  Acacia Mining Q1 results undercut by tax crackdown
•  Tanzania to export cassava to China
•  Shilling lost battle, goes down 0.3 pc
•  T bills sale undersubscribed as tight liquidity affect investors

Zambia

•  Zambia Sugar set to improve cane quality, quantity
•  Kwacha edging to breach K9 levels
•  Zambia to Regulate Prices of Staple Corn Meal, President Says
•  Zambia's planned IMF package dulls impact of Moody's downgrade
•  Zambia, IMF agree on steps towards aid programme by fourth quarter

Zimbabwe

•  Phoenix delisted from ZSE
•  Zimasco cedes chrome claims to Govt
•  Innscor unbundles specialty retail
•  Sinosteel cedes half its chrome claims in Zimbabwe to state
•  Innscor shareholders to approve Axia unbundling at EGM
•  Old Mutual urges diversification after drought, poor mineral prices put Zim economy in recession
•  Lafarge reports $1,9mln FY15 loss after debt pay-off
•  Willdale sets up logistics unit, production now at 160mln bricks annually
•  March inflation at -2.31pct - Zimstat
•  Zimbabwe's trade deficit narrows in Q1