Weekly African Footprint: December 18, 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.


Egypt

•  Egypt's annual core inflation rate up to 7.44% in November
•  Egypt's Central Bank to sell $1.1 billion in T-bills on 15 December
•  Egypt seeks to reduce oil product subsidies to 30 pct in next five years: PM

Ghana

•  Mobile market records highest growth in 3yrs
•  Ghana's parliament approves $300 mln for cocoa regulator

Kenya

•  Mumias hires new auditor, hopes to uphold ethics
•  Market correction sees slight surge in Treasury bill, bond rates
•  Kenya extends sale of 9-year infrastructure bond worth 16 bln shillings
•  IMF trims forecast for Kenya's growth in 2015 and 2016
•  IMF trims forecast for Kenya's growth in 2015 and 2016

Mauritius

•  IMF trims forecast for Kenya's growth in 2015 and 2016
•  Foreign investment in Mauritius falls 29 pct in first 9 months

Nigeria

•  Tiger Brands to sell stake in Nigerian unit to Dangote Industries
•  Sterling Bank to Raise Fresh Tier-2 Capital by February
•  Increase in Food Prices, Transportation Cost Push Inflation to 9.4%
•  Money Market Awaits N890 Billion Liquidity Inflow
•  CBN, Banks Pledge to Raise Agric Lending to N300bn in 2016
•  CBN to Sell N1.2trn Treasury Bills in Q1 2016
•  Nigeria to issue 67.4 bln naira in T-bills
•  Naira at new low on unofficial market, cenbank rations dollars
•  Nigeria says its oil refineries produce nothing

Tanzania

•  DSE set to join self-listing elites of Africa
•  Investors on alert as KQ, Uchumi financial challenges deepen
•  Tanzania's mobile growth above SSA average

Zambia

•  Zambia cabinet approves $275 million Chinese Housing loan
•  Zambian copper mining under threat, stable rules needed - mining chief

Zimbabwe

•  Government takes over ailing CAPS - Chinamasa
•  Zimplow shuffles top management as chief executive, chairman leave group
•  GetBucks to list on January 15 after $3,2mln IPO
•  Zim incomes decline
•  Gold production to surpass 20 tonnes
•  Victoria Falls tourist arrivals slump
•  ZSE turnover to fall to $250m

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