Weekly African Footprint: June 30, 2017

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 Debswana to extend Jwaneng diamond mine life beyond 2024

Egypt

•  Egypt's strategic rice reserves at three-month level – MENA
•  Egypt to keep customs exchange rate at 16.5 pounds/dlr in July
•  Egypt M2 money supply up 39.4 pct at end of May
•  Egypt's govt hikes gasoline, diesel prices, second increase since currency floatation

Ghana

•  Ghana secures $15 billion Chinese funding for transformation agenda
•  Ghana signs $10 bln MOU with China for bauxite project -Senior Minister
•  Ghana asks IMF to extend aid deal, more money expected to be sought
•  Ghana GDP growth stood at 6.6 pct in Q1 2017

Kenya

•  Imperial Bank sale raises hopes for big depositors
•  Co-op seeks Sh123m for lending to small firms
•  TransCentury delays Sh2.4bn loan payments in deal with banks
•  45,000 farmers to get EABL deals in Sh15bn investment
•  Vivo market share up to equal KenolKobil
•  Safaricom set to upgrade M-Pesa with more features
•  Kenyan President Pledges Investment Plan in Hunt for Votes
•  Shilling hits four-month low on import demand up
•  Govt launches Sh1 billion M-Akiba mobile-based bond in second offer

Nigeria

•  Conoil grows Q1 profit to N3.3bn
•  Dangote Refinery Orders Clean Technology Services from DuPont
•  Nigeria hopes to generate $1 bln from tax evasion amnesty -finance ministry
•  Abu Dhabi's Mubadala fund pulls out of Etisalat Nigeria
•  Nigeria Sees 2017 Tax Amnesty Adding $1 Billion to Public Funds
•  Nigeria's crude account one of world's least transparent - NRGI
•  Nigerian stocks end losing steak to gain 1.7 pct
•  Budget Deficit Financing Gains Transaction as DMO Raises N850bn
•  Nigeria's state oil company agrees $700 mln joint venture: NNPC
•  EU Withdraws Financial Support for Nigeria, Says Country Not Poor

Tanzania

•  Treasury bills greet five years bond
•  IMF says Tanzania revenue projections "optimistic" and could delay projects
•  Tanzania current account deficit narrows 50 pct in year to April
•  IMF hails Tanzania macroeconomic performance
•  Overall export, import price indices up
•  Tanzania laws would allow govt to tear up mining, energy deals
•  Tanzania's strong oversight laws derailed by weak implementation

Zambia

•  Vedanta Seeks to Quadruple Zambia Copper Output Over Three Years
•  Germany assigns €31m for renewable energy
•  World Bank expects faster economic growth for Zambia, warns of rising debt
•  Zambia's external debt rises to $7.2 billion – finmin

Zimbabwe

•  Fidelity income below budget at $8,4mln
•  TelOne reports $25mln FY16 loss, laments legacy debt
•  TSL profit up 163pct in H1
•  RioZim losses battle on Trust Bank debt
•  Falgold loss widens to $2,4mln in H1
•  Zimbabwe’s loans register a mess, $100mln loans could be fake says AG
•  Family basket down by 1,3%
•  Nearly 70pct of loans to informal sector not recovered – AG
•  Zimparks mulls opening Victoria Falls Rainforest round the clock to boost tourism
•  Former central bank governor Gono to chair SEZ board
•  Zimbabwe secures $478 million funding for agriculture: state newspaper
•  Tobacco board exports $1.6 million seed, eyes expansion
•  Only 37,000ha of wheat out of 60k target planted, Parliament told

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