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Weekly African Footprint: December 12 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 Qalaa Holding posts 67 pct fall in Q3 net loss qtr-on-qtr
•  Egypt's foreign reserves fall to $15.88 bln at end-Nov
•  Egypt tourism revenues more than double in third quarter
•  Egypt consumer inflation falls to 9.1 pct in November

Ghana

•  Fiscal Deficit Target Impossible -Fitch
•  Ghana consumer inflation rises to 17.0 pct in Nov

Kenya

•  Centum sells 2.1m shares of Longhorn Publishers
•  Safaricom stock touches record Sh600bn at NSE
•  EABL starts delivery of drinks to customers doorsteps
•  Samsung phone buyers to get Barclays loan
•  Hope for users as KenGen adds geothermal power
•  Centum seeks controlling stake in Almasi Beverage
•  KenGen seeks bids for design, construction of 210 MW geothermal power projects
•  NIC Bank gets more than double Sh2.1bn sought in cash call
•  Kenya's NIC Bank raises $23 mln in rights issue
•  Co-op Bank of Kenya to cut 160 jobs, mainly in management
•  Kenya Sees Growth Accelerating on Investments in Infrastructure
•  Kenya MPs Debate Tough Security Laws Criticized by Opposition
•  Kenya to scale down 5,000MW generation target
•  Mauritius bank opens Kenya office
•  Kenyan shilling slightly weaker, central bank action eyed
•  Kenya offers 2-year bond and re-opened 15-year bond -central bank
•  Kenya to boost 2015/16 spending by 10 percent
•  Roads, power plants to drive up Kenya's budget in 2015/16
•  Kenya parliament votes to double foreign borrowing limit

Mauritius

•  Mauritius Ruling Coalition Seen Winning Parliament Election

Nigeria

•  Ecobank to Raise $250 Million by March to Boost Nigerian Capital
•  Oandos rights offer to end in January
•  Lafarge Africa offers to buy out minority shareholders in Ashaka Cement
•  Soap maker PZ Cussons profit falls on Nigeria woes
•  Nigerian Breweries Introduces ACE to Cover New Market Segment
•  Nigerian, Consolidated Breweries Shareholders Approve Merger
•  Oando Increases Ebendo Production by 400%
•  Access Bank Hailed over Impressive Results
•  Mobius Says Political Improvements Will Boost Nigerian Stocks
•  Nigerias Jonathan Chosen as Ruling Party Election Candidate
•  Naira, Nigeria Stocks Fall as Oil Teams With Vote to Hit Outlook
•  Nigeria naira eases on strong dollar demand
•  World Bank lends $200 mln to Nigeria phone firm for tower deal

Tanzania

•  Tanzania inflation inches down to 5.8 pct in year to November
•  Food prices pull down Tanzania's inflation in November

Zimbabwe

•  Total plans $10m Zim investment
•  Hwange Coal output goes up 60%
•  Bindura Nickel Corporation profits rise on bullish nickel prices
•  ART posts $1,1m loss as turnaround prospects dim
•  Zimplats starts redevelopment of Bimha Mine
•  Byo-based Merlin secures US$30m Japanesse investment
•  Vice President Mujuru, 8 Ministers Fired
•  No appetite to bring back Zimbabwe dollar
•  Zimbabwe, Russia in talks over agriculture
•  Zimbabwe energy regulator speaks on fuel prices

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