Weekly African Footprint: July 03, 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.


Botswana

•  Botswana firm plans solar power plant to produce up to 200 MW
•  Botswana's Q1 GDP growth contracts by 1.3 pct qtr/qtr

Egypt

•  Telecom Egypt set to receive 4G mobile licence next year
•  FDI to Egypt rose 14% in 2014, slowed in North Africa: UNCTAD
•  Egypt restricts GDR deals to pounds for local investors
•  Egypt's president ratifies budget for fiscal year 2015/16
•  Egypt's central bank lets pound weaken by 1.3%
•  Egypt's economy grew at 3% in third quarter of 2014/2015

Ghana

•  Ghana replaces head of troubled Tema oil refinery
•  Ghana on course to secure fresh IMF aid under deal

Kenya

•  Mauritian receiver says not selling stake in Kenya's Britam
•  Tough journey for Mumias in revival efforts
•  AfDB loans Equity Bank Sh15bn for SME lending
•  Job cuts ruled out in UAP-Old Mutual merger
•  Rules could split Safaricom's revenue arms
•  Kenya allows banks to trade in secondary debt market
•  Kenya's yr-on-yr inflation at 7.03 pct in June
•  Kenyan shilling holds steady as central bank eyed
•  Kenya sees 20 firms investing $80 mln after U.S. trade pact extended
•  Kenyan GDP Growth Slows as Tourism Contracts for Fifth Quarter
•  Kenya as Biggest Bond Loser Isn't Scaring Morgan Stanley Analyst

Malawi

•  Malawi nets $1 bln in prospective investments at trade forum

Nigeria

•  Nigeria's Forte Oil says Siemens to upgrade power plant
•  Seven-Up Declares N2.75 Dividend, Stocks Trading Resumes Positively
•  Zenith, FirstBank, GTbank, Six Others among Top 1000 Global Banks
•  Nigeria's Transcorp to spend $1.575 bln to boost power capacity by 2018
•  Nigeria's Oando to sell 60 pct of downstream business for $276 mln
•  Skye Bank Concludes Mainstreet Integration
•  Nigeria's APC Says Government Must Scrap Oil-Industry Bill
•  Investors see growing risks in Nigeria's devaluation delay
•  NSE Targets Sale of Apple, LVMH, Other Foreign Shares on Local Bourse
•  Nigerian Stock Market Records 3.4% in Six Months
•  Nigeria 2024 bond yield jumps 40 bps as funds switch to bills
•  Nigeria total debt at 12.1 trln naira by end March
•  Buhari Delays Nigerian Cabinet Appointments to September
•  Naira Tumbles on Parallel Market After Nigeria Extends Curbs

Tanzania

•  Mwanza Bank primary offer back on track
•  DSE stocks rally most in 6 months
•  Dar bourse sets off plans to go public
•  Tanzania raises fuel prices across the board in latest review

Zambia

•  Zambia Sugar in $60m pact
•  Zambia Said to Plan Cutting Power to Mines by as Much as 16%
•  Zambia resumes VAT refund payments to mining firms
•  Zambia Credit Rating Cut by S&P as Budget Deficit Worsens

Zimbabwe

•  Rio Tinto sells stakes in Zimbabwe assets
•  Econet Wireless Global CE Fitzgerald steps down
•  Lake Harvest looks up to Zambia as fish sales to EU drop
•  Zimbabwe tyre maker NTS posts FY loss on declining turnover
•  Ariston slips into the red, posts $800k loss on declining revenue
•  Zimbabwe central bank says banking sector safe as Metbank recapitalizes
•  Telecel pays licence fee installment for June
•  CFI narrows loss, seeks to resolve legacy debt
•  Zimbabwe pension fund NSSA says company closures and retrenchments slow down 30pct in FY14
•  Government mulls new mining taxation to boost investment
•  French group plans to commission 2,000MW Zimbabwe thermal plant by mid-2019
•  ZSE automation goes live on Friday, could revive moribund equities market

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