Weekly African Footprint: July 10, 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 seeks bids to build solar plants for mines

Egypt

•  Egypt debt to foreign oil companies at $3.5 billion: official
•  Egypt business activity expands in June for first time in five months -PMI
•  Egypt raises gas price paid to Italy's Eni and Edison -EGAS official
•  Egypt's central bank governor says pound depreciation not worrying
•  Egypt has stopped all cotton imports: agriculture ministry
•  Egypt says foreign reserves rise to $20.080 bln at end-June
•  Egypt's urban consumer inflation drops to 11.4 pct in June

Ghana

•  Ghana Gas Company shuts plant over Tullow gas supply disruption
•  Ghana says has sold enough cocoa to service 2014 loan
•  Cedi records biggest gain in 2015
•  ADB Bank Initial Public Offer commence
•  Cedi on recovery path
•  Ghana's ruling party reclaims parliamentary seat in by-election
•  Ghana cocoa farmers say output to bounce back next season
•  Ghana Cedi Gains Most Since February on Expected Bond Inflows

Kenya

•  Airtel says investment plans still on
•  Kenya's Safaricom says new telecoms rules may deter investment
•  KenGen's Sh15bn rights issue gets Govt backing
•  Kenya's struggling Mumias Sugar names new CEO
•  Kenya's main port sacks 27 strike leaders as losses hit $2 mln
•  Kenya's New Central Bank Governor Hamstrung by Sliding Currency
•  Kenyan shilling at new 3-1/2-year low, passes 101/dollar

Mauritius

•  Mauritius inflation at 0.4 pct yr-on-yr in June

Nigeria

•  Nigeria FidelityBank sees 2015 pretax profit at 23.5bln naira
•  Nigeria Fidelity Bank raises $151 mln via bond issue to boost lending
•  Dangote Expands Its Footprint
•  Dollar dividend: Seplat currently pays in naira, interim pending
•  UBA Succeeds with N11.5 Billion Rights Issue
•  Diamond Bank, Geometric, Others Seal N15bn Power Dea
•  Stanbic IBTC's half-year profit falls by 52%
•  Nigerian central bank in no mood to devalue naira
•  Nigerian States Mulling Bonds as Revenue Falls, Regulator Says

Tanzania

•  Shilling nose-dives again
•  Chinese owned private bank set up in Tanzania
•  Tanzania resumes debate on energy bill after suspending opposition MPs
•  Annual headline inflation rises to 6.1 per cent
•  IMF cautions on foreign exchange intervention
•  Cash-strapped Tanzania must boost revenue to finance public spending: World Bank
•  Tanzania's Dar es Salaam port to handle 25 pct more cargo in 2015: president
•  Private equity firm Fanisi buys stake in Tanzanian agro-processor

Zimbabwe

•  GEM RioZim Investments ups stake in RioZim
•  Meikles eyes DRC
•  ZFC launches new product, eyes profitability
•  Zimbabwe's Econet asks suppliers to slash prices, cuts salaries
•  Zim's historic ATS in false start as settlement platform faces hiccups
•  Zimbabwe diamond production down 36%
•  ZSE electronic trading takes off
•  RBZ to spend a $1m on Aurex
•  IDBZ appeals for debt removal

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