Weekly African Footprint: January 13, 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

•  Egypt's GASC postpones tender for raw sugar, no new date given
•  Egypt's pound strengthens at banks as demand from importers eases
•  Egypt's annual urban consumer price inflation jumps to 23.3 pct in December
•  Egypt's cost-of-living soars as currency dives
•  Egypt raises prices on some medicines after currency plunge

Ghana

•  Mauritius-based firm acquires Movenpick Hotel
•  COCOBOD outlines interventions to boost cocoa production
•  Gov’t to borrow GHC17,400m for 1st quarter
•  IMF says plans to meet new Ghana government over aid programme

Kenya

•  Kenya Power says technical fault causes blackout in Nairobi, other regions
•  KQ in next phase of layoffs as it eyes return to profitability
•  Uchumi accuses group of lying in Nairobi prime land dispute
•  Kenyan shilling steady, importer dollar demand may put pressure
•  Kenyan Central Bank Said to Warn Traders Over Shilling Decline
•  Kenyan shilling seen easing due to corporate demand

Mauritius

•  Mauritius inflation rate at 2.3 pct yr/yr in December
•  Mauritius tourist arrivals climb 11 pct in 2016

Nigeria

•  Nigerian sovereign fund in credit tie-up to unlock infrastructure funding
•  Devaluation Looms for Nigeria Even as Forwards Ease on Oil
•  CBN to Meet BDC Operators on Forex Stability
•  FG to boost cocoa exports, others with N377m
•  Nigeria to Begin Tracking of Oil Production, Sales Destination
•  External reserves continue increase, hit N26.5bn
•  BDCs seek single market driven forex rate
•  Nigeria stock exchange says working with MTN to list its shares in 2017
•  Nigeria's NNPC proposes changes to increase deepwater oil revenues

Tanzania

•  7-year debt securities undersubscribed
•  Finally telcoms initiate share listing process on DSE
•  DSE bounces back Text
•  Tanzania inflation at 5.0 pct in year to December
•  IMF warns Tanzania of downside economic growth risks

Zambia

•  TB auction to boost Kwacha
•  TAZARA scouts for $380 million
•  ‘Auto industry to record 1.5% growth’
•  Liquidity drops in money market

Zimbabwe

•  Zimbabwe's largest bank CBZ suspends local use of Visa cards
•  Treger faces bleak future
•  Caledonia gold output hits 50,000oz in FY 2016
•  Tobacco export receipts down 85% in 2017
•  CZI warns of doom over foreign payments delays

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