Weekly African Footprint: July 31, 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.


Egypt

•  Egypt's Pioneers Holding board approves offer to buy up Cairo for Housing and Development
•  Egypt's Pioneers plans IPO of real estate developer Rooya: CEO
•  Work on Egypt's New Suez Canal complete, project overseer says
•  Egypt's CIB Q2 net profit up 23 percent year-on-year
•  Egyptian Stock Exchange introduces new index
•  Egypt's central bank to hold rates amid inflation concern: survey
•  Egypt central bank keeps benchmark rates unchanged

Ghana

•  MTN Ghana loses US$4m to battery theft
•  GH¢350m new corporate bonds await approval
•  Ghana's producer price inflation rises to 23.1 pct in June

Kenya

•  National Bank of Kenya doubles H1 pretax profit
•  Tullow to start Kenya oil production by 2020
•  Kenya Airways to Seek Loan, Sell Aircraft After Record Loss
•  Kenya Commercial Bank First-Half Profit Rises 13% on Loan Income
•  ARM of Kenya Posts First-Half Loss After Currencies Slide
•  Kenyan hotelier TPS swings to loss, blames militant attacks
•  Kenya's tax revenues rise 4 pct in 2014/15 fiscal year
•  Higher sales lift East African Breweries' pre-tax profit 36 pct
•  Kenyan shilling weakens due to energy sector dollar demand
•  Kenya central bank governor says no preferred level for shilling
•  Top price of Kenya's best tea grade dips at auction
•  Kenya central bank chief says fiscal prudence needed for macro stability
•  Kenya's tax revenues rise 4 pct in 2014/15 fiscal year
•  Quarter of Kenya's state budget unaccounted for
•  Kenya May Invite Bidders for Sugar Companies From September

Malawi

•  Malawi central bank keeps benchmark lending rate steady at 25.0 pct

Mauritius

•  Mauritius' 4-year central bank note unchanged 4.24 pct

Nigeria

•  Nigeria's Biggest Miller Targets Acquisitions for Growth
•  Nigeria's Fidelity Bank sees loan growth of 10 pct this year
•  GSK's Nigerian unit reports 66 pct drop in first-half profit
•  Nigeria's Honeywell Flourmills says 2015 profit down 66 pct
•  Julius Berger, Airtel, Nestle, Others Commit N20m to NITTP Fellowship Scheme
•  Lafarge Africa's H1 pretax profit rises 13 pct
•  Fuel marketer Mobil Nigeria's H1 pretax profit falls 33 pct
•  Nigeria's First City bank's H1 pretax profit falls
•  Pan-African banking group Ecobank H1 pretax profit up 47 pct
•  Proposed Dangote Refinery gets $997m US Trade Agency grant
•  Dangote Cement declares N121.8bn half-year profit
•  Nigeria's Dangote Sugar refinery H1 pretax profit falls
•  Shell's production in Nigeria falls by 28%
•  FCMB Group Plc Posts N9.6bn Profit before Tax in Six Months
•  Nigerian conglomerate UACN H1 pretax profit falls 58 pct
•  Nigeria's president plans to split state oil company into two entities
•  Nigeria share dealing fell in June as foreign buyers cut exposure
•  Nigeria begins sharing $2.1 bln gas revenues to cover state government debts
•  Nigeria's foreign debt at $10.32 bln by end-June says govt agency
•  Nigeria gross government revenues rise for second month in June
•  Nigeria Closes Rice Importer Warehouses Over Unpaid Custom Fees
•  Nigeria's foreign exchange reserves rise 7.8 pct by July 29
•  Recapitalization: SEC insists on Sept 30 deadline

Tanzania

•  Mwalimu Bank listing on Dar bourse on course
•  Mwadui diamonds outputs up 7pc
•  Shilling seen stable against US dollar
•  Tanzania Coffee Board targets 60,000 tones output
•  T.bills oversubscribed as liquidity squeeze eases

Zambia

•  First Quantum says Zambia power cuts hit mining operations
•  First Quantum shuts Zambia process plant over power supply cuts
•  Vedanta Resources says its Zambian copper mines to face power cuts
•  Zambia's CEC delays plan to cut power supply to mines
•  First Quantum mulls development delays to conserve cash
•  Zambia increases refined fuel imports to prevent shortages
•  Zambia's H1 copper output rises 2.1 pct

Zimbabwe

•  Shareholder boosts ZB Bank capital with $20mln interest free loan
•  BAT says H1 net profit 43pct higher at $7,6mln
•  TelOne collects $72 million revenue in H1
•  Hwange Colliery commissions $31,2 million equipment
•  Econet says $26mln interconnection debt could paralyse telecoms sector
•  Metallon's gold output falls short in further setback for Zimbabwe mining sector
•  Mwana Africa FY profit plummets 86pct to $7mln
•  Cottco reports $30mln loss as lint prices plummet
•  Atlas Mara completes sale of Brainworks stake
•  Zimra misses revenue target
•  Mobile money activities total $6,1 billion
•  $150 million for RBZ recapitalization
•  Zimbabwe halves growth forecast, to cut government wage bill
•  Zimbabwe to cut royalty fees levied on small gold mines
•  Zimbabwe halves growth forecast, to cut government wage bill
•  Zimbabwe to cut royalty fees levied on small gold mines

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