Weekly African Footprint: August 25, 2017

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 grants Tlou Energy licence for coal-bed methane project
•  Botswana's central bank keeps lending rate at 5.5 percent

Egypt

•  Egypt considering listing FIHC on stock exchange after restructuring
•  Beltone Financial to list Egypt index tracker fund on Nasdaq Dubai
•  Egypt's GASC says seeking soyoil, sunflower oil in tender
•  Egypt targets 5 pct GDP growth by end-2017/18 - planning minister
•  Egypt says U.S. decision to withhold aid could have negative impact -Foreign Ministry
•  Egypt pins export hopes on new leather production city
•  Trump calls Egypt's Sisi, says keen to overcome obstacles
•  Average yields fall on Egypt's six-month, one-year T-bills
•  Egypt's Carbon Holdings aims to start building Tahrir petrochemicals project by June

Ghana

•  GCB to clear UT, Capital debts
•  GCB to review lending rates downwards
•  Investors confidence 'on the rise' to boost trade this week
•  Ghana Is Said to Weigh Scaling Down $2.3 Billion Bond Plans
•  Ghana producer price inflation falls to 2.0 pct in July

Kenya

•  NIC to finalise reorganisation this month
•  Victoria bank sees first default after 10 years
•  Equity lays off 200 S.Sudan staff amid political tension, earnings drop
•  KQ pilots set to earn pay based on output
•  KenGen to lose revenues at Mombasa diesel plant
•  Future of Equity partnership with Exotix unclear in review
•  Britam unit’s earnings fall 14pc on CMA service ban
•  Safaricom Bonga Points up 28.8pc to Sh3.3 billion
•  Collymore raises stake with 300,000 shares purchase
•  Coffee earnings up by Sh2bn in July on scarcity
•  Pakistan beats Uganda as Kenya’s top importer
•  S&P says increasing debt largest threat to the Kenyan economy
•  Kenyan Election Body Urges Court to Uphold Kenyatta's Victory

Nigeria

•  Access, Zenith, GTBank contribute 48.65% of equity value
•  Dangote to engage Nigerian vendors in building refinery
•  Access Bank Introduces Reward Scheme
•  Shell says starts gas production at expanded Nigeria project
•  Afreximbank Seeks to Tap from Investors with $300m Depositary Receipts
•  Access Bank Grows Profit to N52bn, Declares 25k Interim Dividend
•  Nipco Plc raises stake in Nigerian fuel retailer
•  UBA half-year profit rises by 65.5%
•  Nigeria's GT Bank trades off-market deals worth $9.2 mln
•  Naira reverses gain, closes at 370/dollar
•  CBN Intervenes with Fresh $195 Million
•  Investment inflow into Nigeria rises by 95% to $1.7bn –NBS
•  SEC, NSE want legal firms listed on capital market
•  Nigeria plans 193 bln naira Treasury bill sale next week
•  Nigeria bond auction raises 56 bln naira, less than half of amount on offer-traders
•  Nigeria launches $200 mln fund to help local oil and gas firms
•  CBN Introduces Two New Non-interest Banking Instruments

Tanzania

•  Maxcom IPO reported in final stages
•  Tanzania’s shilling holds steadily
•  Telecom boasts improved network strength, coverage
•  Japan to continue backing Tanzania’s efforts to transform economy - envoy
•  UK’s 1.026trl/- a huge booster

Zambia

•  Glencore's Zambian unit says to shed 4,700 workers due to power shortages

Zimbabwe

•  Turnall eyes Government, Nssa projects
•  Life assurance Q1 premium income down 6pct
•  Fall in rental income drags ZPI revenue 7 percent lower in H1
•  PPC Zim volumes in double digit growth
•  Dutch, Nordic funds consolidate NMB shareholding
•  Dairibord’s configuring work 70pc complete
•  Stanbic pours $89m into mining
•  NMB H1 net profit up 35pct despite revenue slip
•  FBC after tax profit up 3 pct to $9,6 mln in H1 on cost cutting
•  Amplats invests $62m in smelter
•  Afdis profits double to $2,7mln on higher volume in H1
•  Old Mutual commissions $5,7 mln power plant
•  Zimbabwe central bank forex directive to hit miners hard
•  Chinamasa commissions 1,6MW power plant

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