Weekly African Footprint: December 05 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.


Egypt

•  Egypt's Suez Canal revenue at $482.3mln in October
•  EGP 10.5bn to support budget deficit by Egyptian banks
•  Egyptian consumers unlikely to feel oil price drop, despite macro gains
•  Egypt's stocks slide as Arab investors sell
•  Egypt tourist numbers jump 70 pct in Q3 despite Sinai insurgency
•  Growth in Egyptian business activity almost stalls in November

Ghana

•  Delta Pares Ghana Flights by 20% on Decline in African Demand
•  Ghana Power Cuts Extended to Coca-Cola and Unilever Plants
•  Government to publish how $1bn Eurobond was used
•  Ghana-IMF Aid Deal May Not Be Reached Until April, Fitch Says

Kenya

•  Safaricom reveals interest in cashless fare firm
•  Kenya Power targets Sh2.4bn revenue from street lights
•  TransCentury deepens stake in power sector with wind plant
•  Unga diversifies into sale of cereals to boost earnings
•  Equity signs Sh5.6bn loan with European bank
•  Nakumatt of Kenya Plans Strategic Partnership by Middle of 2015
•  Safaricom launches Kenya's first 4G Internet services
•  Kenya to issue its debut sukuk in 2015/16 financial year
•  Kenya shilling slips on corporate dollar demand, shares edge up
•  Kenya shilling stays near three-year lows in wake of attack
•  Kenyan shilling eases on dollar demand from energy sector

Nigeria

•  GT Bank Named 'Best Bank' in Nigeria
•  Fidelity Bank Introduces Leisure Banking at UNIBEN
•  Oando's New Growth Trajectory
•  Lafarge Group Promises More Construction Solutions for Nigeria
•  Access Bank Launches Scheme to Promote Financial Inclusion
•  CBN to beef up monetary, fiscal policies
•  Nigerian naira falls further, devalued level faces test
•  Banking Sector performance
•  Nigerias Frontier Market Allure Dulled by Oil Price, Boko Haram
•  Nigeria's index shed 1.74 pct, as oil stocks tumble
•  An OPEC Meeting Foretold
•  Naira Rebounds on Central Banks Intervention
•  FG Reviews Oil Benchmark to $65/bl, Resubmits MTEF
•  Power: Nigeria Gets $200m Credit Line from Germany
•  Nigeria slashes oil price assumption by 11 pct to $65 per barrel

Tanzania

•  Tanzania cuts fuel pump prices on global oil slump

Zambia

•  Zambia to Resist Stampede Against New Mines-Tax Proposals

Zimbabwe

•  Meikles posts loss
•  Econets Solarway helps light up Africa
•  CBZ Bank raises $53m for agriculture
•  Foreign investors eye horticulture
•  Treasury issues $110m bonds to capitalise RBZ
•  UN Extends U.S $393 Million to Zim
•  Zimbabwe set to receive more EU funding

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