Weekly African Footprint: June 26, 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

•  Cupric Canyon Capital buys Botswana's copper firm out of liquidation

Egypt

•  Egypt's Orascom Telecom reports Q1 2015 net profit of $49 mln: statement
•  Egypt electricity subsidies reach LE24.6 bn in FY2014/15
•  Egypt draft 2015/2016 budget projects 9.9 pct deficit, 5 pct growth
•  National Bank of Egypt picks banks for potential benchmark bond
•  Egypt's Banque Misr in talks with banks for dollar loan

Ghana

•  Ghana's oil sector to receive major boost
•  Ghana's Agricultural Bank Said to Delay IPO on Labor Issues
•  Ghana's cedi steadies as central bank steps up dollar-selling

Kenya

•  UAP, Old Mutual agree on merger ahead of listing
•  Chase Bank 7yr note debuts on secondary market
•  National Bank is fine, says lender's board
•  Helios loses top slot in Equity after stake sale to NSSF Uganda
•  Kenya's Lake Turkana Wind Power eyes Sept 2016 for first outp
•  Kenyan tea output falls 27 pct in Q1 after drought
•  Kenya eyes domestic gas, coal for new power plants
•  Kenya's president offers cash to help ailing sugar miller
•  Kenyan shilling steady, seen weaker on end-month dollar demand

Malawi

•  Malawi aims for $16 bln in potential investment from summit

Mauritius

•  Mauritius' trade deficit narrows 2.6 pct in April
•  Mauritius sees unemployment rate at 8 pct in 2015

Nigeria

•  Nigerita Transcorp says on track for 850MW capacity this year
•  Ecobank Allays Shareholders' Fears of Hostile Takeover
•  Fidelity Bank Gives Out N52m in Loyalty Scheme
•  CAP Plc Records N2.4bn Profit, Pays N1.6bn in Dividends
•  Unity Bank Boss Tasks Internal Auditors on Fraud Prevention
•  Seplat eyes NNPC stakes in oil, gas JVs
•  Nigeria's four oil refineries to resume production in July
•  Nigeria crude differential hits 10-year low as glut takes toll
•  Nigeria Bourse Seeks to Start Trading Local Currency Futures
•  Nigeria central bank curbs access to foreign currency
•  Regulator to Re-design Banks' Credit Risk Mgt System
•  NSE Moves to Protect Investors Using Brokers' Online Trading Portals
•  Fuel Shortages to Hit Nigeria in Three Weeks, Seplat CEO Says
•  Nigeria Will Ease Grip on Gas Prices to Boost Electricity Supply

Tanzania

•  NMB and Dun & Bradstreet Partner on Credit Referencing
•  Foreigners to buy CRDB right issue
•  Right issue to raise CRDB profit
•  Banks' lending rate up, deposit down
•  Tanzania to get $100 mln World Bank loan to improve governance

Zambia

•  Zambia tells Vedanta unit to delay processing Chilean copper
•  Zambia plans unfinished mineral products export ban - minister
•  Zambia Mine Revenue May Help Narrow Budget Deficit, Moody's Says
•  Zambia June inflation quickens to 7.1 percent

Zimbabwe

•  Hwange eyes regional markets, profitability in Q3
•  Innscor sets up advisory committee
•  Capri unveils new $12 million factory
•  Tobacco sales decline
•  Zimbabwe state asset manager takes up $100 mln in bad loans
•  Zimbabwe FDI inflows up 36pct to $545mln in 2014 on mining, infrastructure
•  Zimbabwe tax agency says companies' arrears are over $1 billion

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 243 9030

© Securities Africa             Licensed to conduct Investment Business by the Bermuda Monetary Authority

   Terms and Conditions web design