Weekly African Footprint: August 21, 2015

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 cuts 2015 growth to 2.6 pct on falling diamond prices

Egypt

•  Egypt's Orascom Construction says back in profit in 2014
•  Egypt's Ezz Steel posts Q1 2015 net loss of $17 million
•  Egypt's Juhayna chairman barred from trading on Cairo bourse
•  Egypt seeks 50 pct Internet penetration by end-2016 - minister
•  Egyptian unemployment eases to 12.7 pct in Q2 -statistics agency
•  Oriental Weavers accused of 'monopolistic practices' -Egypt's competition authority
•  Egypt to lower top tax rate and threshold, freeze capital gains tax, in two weeks
•  Egypt, Saudi Aramco sign $1.4 bln oil products deal

Ghana

•  Ghana opposition demands new electoral register before 2016 poll
•  Cedi Fall Resurfaces

Kenya

•  Kenya's Pan Africa Insurance reports 17 pct fall in profit
•  Mumias warns of wider annual loss
•  Kenya's NIC Bank says pretax profit up 10 pct in first half
•  Kenya's Standard Chartered bank's H1 pretax profit down 31 pct
•  Kenyan shilling weakens, seen in a tight range
•  Kenya to stabilise currency by tightening deficit - finance minister
•  Kenyan shilling weakens on dollar demand from various sectors
•  Kenya's Mombasa port shows growth, increased efficiency
•  Kenya Mulls $50 Million Mineral, Oil Laboratory for East Africa
•  Kenya telecoms regulator says not targeting any firm with new competition rules

Mauritius

•  Mauritius sugar firm Terra Mauricia narrows H1 pretax loss
•  Mauritius' Sun Resorts swings to Q2 profit as occupancy recovers
•  Mauritius 4-year central bank note yield rises to 4.29 pct
•  Mauritius tourism earnings down 3.5 pct in first half

Nigeria

•  Access Bank Completes Rights Issues, Raises N41.8Billion
•  Access Bank Misses Capital Target as Nigeria Investors Exit
•  Access Bank Grows Profit by 44 % to N39bn, Declares Interim Dividend
•  Nigeria's Sterling Bank H1 pretax profit up 1.3 pct
•  Nigerian Guaranty Trust bank's H1 pretax profit up 18 pct
•  Nigeria's NNPC to review production-sharing contracts, joint ventures
•  Nigerian stock index falls 4-1/2 month low, naira firms
•  Nigeria's Foreign Trade Drops Further by N20bn in Second Quarter

Tanzania

•  CRDB Bank right issue gets impressive success
•  Tancoal gets 2bn/- boost from KCB
•  CRDB's right issue lifts Dar bourse status
•  Shilling to stabilise in near future

Zambia

•  Lafarge Zambia Profits Soar as Moody's Affirms New Cement Giant
•  $1.25bn Eurobond to be given as loans
•  Zambia to end power tariff subsidies for big firms - govt spokesman
•  $1.25bn Eurobond to boost Kwacha

Zimbabwe

•  Old Mutual eyes informal sector as property market underperforms
•  African Sun courts SA's Legacy Hotels group
•  Government takes steps to boost its fragile economy
•  Zimbabwe's consumer prices drop 2.77 pct y/y in July
•  Zim govt seeks to reverse court ruling on job cuts, new regulations to apply retrospectively
•  AfDB bails out Zimbabwe
•  Zimbabwe parliament overturns adverse report on jobs law, railroads labour amendments
•  World Bank Gesture Shows Goodwill
•  Zimbabwe Open to Foreign Investment

contacts
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