Weekly African Footprint: August 28, 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

•  Moody's sees wider budget deficit for Botswana

Egypt

•  Egypt issues 674.5 mln euro in t-bills at avg yield of 2.289 pct - c. bank
•  Egypt bans rice exports as of September 1

Ghana

•  Ghana 91-day bill yield falls to 25.2129 pct
•  BoG attributes cedi depreciation to activities of speculators
•  Ghana to give farmers more cocoa seedlings to boost crop
•  Ghana's producer price inflation falls to 10.6 pct in July
•  BoG to increase capital requirement for Banks
•  Inflation falls to 10.6 pct in July

Kenya

•  Kenya's TPS Eastern Africa signs $20 mln loan agreement with France's Proparco
•  Nairobi Stock Exchange reports 22 pct rise in first-half profit
•  Kenya's TransCentury says H1 2015 loss narrows; expects better H2
•  Kenya's Uchumi Supermarkets picks new CEO after predecessor sacked
•  Kenya's East African Cables reports loss on output disruptions
•  Airtel Money partners with KCB for greater reach
•  Fuel firm Total Kenya say H1 pretax profit dips 5 pct
•  Kenya's Bamburi Cement sees profit nearly double in first half
•  Kenya's Standard Group warns on 2015 profit
•  CBK orders closure of Dubai Bank Kenya Ltd
•  Kenya eyes Sh200bn in foreign investment
•  Kenyan shilling weakens due to importer dollar demand, increased liquidity
•  Kenyan shares fall as foreign investors sell
•  Kenya Targets African Market to Boost Tourism Earnings

Mauritius

•  Mauritius targets annual economic growth rate of 5.5 pct from 2017
•  Mauritius trade deficit widens 1.2 pct in H1 2015

Nigeria

•  Skye Bank Partners RT Briscoe on Auto Financing
•  PZ declares 61k dividend after 10% profit drop
•  Flour Mills of Nigeria Q1 pretax profit down 66.5 pct
•  Dangote, China's Sinoma to sign $4.34 bln Africa cement plant deals
•  Dangote Cement, Zenith Bank, FBN Make NSE Premium Board
•  Nigerian conglomerate UAC plans 20 bln naira capital boost
•  Access Bank to raise additional capital
•  UBA Board Meets to Consider Audited Results, Interim Dividend
•  Shell declares force majeure on Nigerian Bonny oil exports
•  Nigeria restructures bank loans to cash-strapped states
•  Nigerian stock index hits 5-month low
•  Nigeria's economic growth slows to 2.35 pct in Q2 2015
•  Nigeria to start oil reforms before new industry law
•  Nigeria overnight rate spike lead banks to sell bonds
•  World Bank Disburses $140m to Boost Community Devt

Tanzania

•  Twiga cement profit slows down 18 pc
•  Cement industry makes great strides
•  Election fever now hits trading at Dar bourse
•  Chinese investors eye manufacturing sector
•  Govt targets to double FDI

Zambia

•  Zambia to Cut Deficit in 2016 Even as Growth Prospects Dim
•  Zambia's August inflation quickens to 7.3 pct y/y

Zimbabwe

•  Econet saves $70m from costs reduction
•  Nicoz Diamond gross premium up 42%
•  Hwange Power Station expansion project awaits financial closure - official
•  Mwana Africa says Zimbabwe Q1 gold output up, nickel plunges
•  United Refineries eyes export revival after 'good' HY
•  NMB sees 128pct jump in after-tax profit, strategy change leads to rude health
•  ZB Financial Holdings posts profit
•  Stanbic records $10,5m HY profit
•  Afdis records 5% growth in revenue
•  Turnall profits up on cost-savings
•  Effect 20% discount: FBC
•  FBC Holdings HY profit 21pct up to $8,2mln
•  Power shortages costing Zim agric sector $5mln per month - govt
•  July exports up 17pct, trade deficit falls to $337mln - Zimstat
•  IMF sees risks to Zimbabwe's growth forecast as drought bites
•  Low water cuts Zimbabwe Kariba power plant output

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