Weekly African Footprint: July 15, 2016

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

•  Yields rise at Egypt's Sunday T-bill auction
•  Egypt non-oil business activity slows for ninth straight month in June-PMI

Ghana

•  Accra Brewery to boost wholesale capacity
•  Ghana May Hold Rate to Aid Economy Growing at Slowest Since '83

Kenya

•  Liberty Considers Acquisition Targets Among Kenyan Insurers
•  Bamburi sheds 71 employees in new business strategy
•  Safaricom eyes slice of electronic cash industry with new card linked to M-Pesa
•  Kenya Pipeline Co. Mulls Storage-Leasing Plan for Idled Refinery
•  Uchumi pays suppliers Sh240 million
•  Government has no record of public assets, reveals Treasury

Mauritius

•  Mauritius' 91-day Treasury bill yield rises to 2.90 pct

Nigeria

•  Nigeria Skye Bank shares at three-month low on central bank action
•  Nigeria's Skye Extends Decline to Record Low as Diamond Falls
•  Nigerian Breweries Records 11% Profit Decline
•  Nigeria raises 190 bln naira in treasury bills, yields flat
•  Nigeria raises 190 bln naira in treasury bills, yields flat
•  Concern Intensifies over Banks' Upstream Oil Sector Exposure
•  Nigeria Q1 govt revenues reach only 55 pct of target

Tanzania

•  DSE shares expected to hit bourse running
•  Banks reduce non-performing loans
•  New law seeks to press firms to enlist in DSE
•  Zanzibar records inflation increase
•  Govt committed to improve business climate

Zambia

•  Zambia Sugar sees potential growth
•  Kwacha faces setback
•  Treasury bills under-subscribed

Zimbabwe

•  TelOne seeks govt approval for $25mln fibre project
•  Blanket Mine gold output up 20 percent in Q2
•  RBZ debt delays Meikles financials
•  CBZ to lend $150 m to SMEs
•  Investor buys PG Industries for $500k

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