Weekly African Footprint: July 17, 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's CPI quickens to 3.1 pct y/y in June

Egypt

•  Egypt to begin food imports via direct order: supplies ministry
•  Egypt cancels temporary ban on cotton imports
•  Egypt's Suez Canal revenues decline 4 pct to LE431 mn in June

Ghana

•  BoG warns Banks
•  BoG to expand frontiers of commodities exchange
•  BoG issues new Mobile Money guidelines
•  Income Tax regime to be overhauled
•  Ghana's central bank holds benchmark policy rate at 22.0 pct
•  Ghana June consumer inflation rises to 17.1 pct yr/yr
•  Cedi's recovery will be sustained - BoG boss"

Kenya

•  NIC targets customers with money transfer deals
•  Government rejects Portland bid to sell 1,300 acres in Athi River
•  CMA opposes suit against Mumias aid
•  Kenya's shilling falls despite central bank intervention
•  Kenya's energy regulator raises fuel prices in latest monthly review
•  Kenya to sign $350 mln loan for refined products pipeline: reports

Nigeria

•  How NB divides beer market along taste line
•  Nigeria's Access Bank sees retail banking turning to profit: CEO
•  Nigerian Breweries' first-half pretax profit falls 8.5 pct
•  Nigeria's Stanbic IBTC aims to carry out 20.4 bln naira rights issue this year
•  Shell lifts force majeure on Nigeria's Forcados crude oil stream
•  FCMB Facilitates $445m Accugas Deal
•  LafargeHolcim to save 1.4bn in costs
•  Nigeria's Seven Energy secures $495 mln to boost gas supply
•  FCMB, Acugas, others sign N87.7bn gas infrastructure deal
•  Cadbury Nigeria swings to H1 loss, revenue falls
•  Nigeria aims to supply 20 pct of gasoline demand itself
•  Nigeria interbank rate doubles as central bank mops up government cash
•  Naira drops to 241 against dollar
•  Nigeria's president appoints new defence chiefs
•  Nigeria's President Buhari asks state oil company to review swap scheme
•  Nigeria Spends about $1bn on Food Imports in 5 Months, Says CBN
•  Nigeria inflation rises to 2-1/2 year high on food prices
•  Nigeria's Crude Export to Spain Worth 6.5b in 2014
•  Recapitalisation: Stockbrokers Begin Reclassification, Merger Moves
•  Nigeria can't avoid devaluation: S&P
•  Nigerian stocks hit 3-1/2 month low
•  Cash-strapped Nigeria to keep fuel subsidies for another quarter

Tanzania

•  Political tension hits trade at Dar bourse
•  Tanzania current account deficit narrows 26.3 pct in year to May

Zambia

•  EU reforms impacting negatively on sugar production-Zam Sugar
•  Zambia president orders mines to be spared excessive power cuts
•  Zambia to import power, build new plants to stem shortages
•  Zambia's mining industry says new tax rules will scare away investors

Zimbabwe

•  Mwana Africa fires executives, consultants in shake-up
•  Government to buy Telecel
•  Zimbabwe says offered Vimpelcom's Telecel stake but has no money
•  SABMiller's Zimbabwe unit beer sales down on weak economy
•  Mwana Africa under fire over management change, Zim govt seeks answers
•  Three Zim short-term insurers fail to meet core capital requirements, premiums written flat in Q1
•  Banks to Slash Lending Rates
•  Financial institutions in discussions with ZSE on junior bourse
•  Zimbabwe consumer prices down 2.81 percent y/y in June
•  Zimbabwe 2015 tobacco sales down nearly 9 pct after drought
•  World Bank lowers Zim economic growth forecast to 1pct, sees recovery in 2017

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