Weekly African Footprint: December 08, 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.

Egypt

•  Exxon eyes Egypt's offshore oil and gas: sources
•  World Bank approves $1.15 bln development policy loan for Egypt
•  Egypt signs for $1.15bln World Bank loan - MENA

Ghana

•  Ghana Seeks $750 Million Loan to Replace Diseased Cocoa Trees
•  MTN Ghana to sign 510mln cedi syndicated loan via Ecobank

Kenya

•  CBA celebrates five years of M-Shwari as clients cross 18m mark
•  KCB named Bank of Year at global fete
•  CEO of Kenya's Uchumi Supermarkets resigns
•  Uchumi turnaround suffers setback after CEO resigns
•  KBL seeks to drive up sales with more beer distributors
•  Kenya private sector expands in Nov, may flag recovery: PMI
•  Kenya central bank to hold its next rate-setting meeting on Jan 22
•  Kenyan shilling rises to 3 month high as investors eye local assets
•  World Bank cuts Kenya's 2017 economic growth estimate to 4.9 pct
•  Kenya’s economic fortunes tied to political settlement

Mauritius

•  Mauritius inflation inches up to 3.6 pct in November
•  Mauritius turns to Saudi fuel cargoes after court bans Indian supplies

Nigeria

•  Nestle to close its DR Congo factory
•  Swiss to return $321 mln in stolen funds to Nigeria
•  Nigeria central bank weakens naira to 307/US$ for first time
•  Nigeria stocks rise to more than 3-year high
•  Nigeria's Senate passes 2018-2020 budget framework, raises oil price estimate
•  CBN injects $210m into forex market
•  World Bank Lends Nigeria $350m for Rural Electrification Projects
•  Power Brokers Start to Gear Up for Nigeria's 2019 Elections
•  NSE Restated Commitment to Bridging Information Gap
•  NSE All-Share Index Gains 1.2% as Equities Market Extends Bullish Run
•  Nigerian oil union PENGASSAN threatens nationwide strike

Tanzania

•  Tanzania-Zambia railway halts copper transportation after strike
•  Tanzania's inflation slips to 4.4 pct in November, stats office says
•  Tanzania raises fuel prices due to higher import costs

Zambia

•  Zambia to start refinancing Eurobonds in 2019 - govt official
•  Zambia lifts ban on night driving for truckers to ease cargo movement
•  Vedanta's Zambian arm to set up new processing plants

Zimbabwe

•  BNC net income up 90pct in H1
•  Masholdings narrows loss to $1,6mln in H1
•  President, ministers sing economic anthem
•  Tobacco exports rake in $827m
•  Flat ZSE waits for direction from budget
•  NSSA begins CSC takeover
•  Investors Are Looking at Zimbabwe’s Budget to Understand the Post-Mugabe World
•  Zimbabwe to Cut Spending, Relax Its Black Ownership Laws
•  White Zimbabwean Farmer Has Land Returned Under New Government