Weekly African Footprint: May 20, 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.

Botswana

•  Botswana's inflation eases to 2.8 percent yr/yr in April
•  Botswana approves environmental plan by A-Cap Resources to build uranium mine

Egypt

•  Egypt's CIB reports 17 pct rise in Q1 net profit
•  Egypt's Pioneers Holding to invest 1.7 bln pounds by end-2016
•  Egypt's Beltone board agrees to 1 bln pound capital increase
•  Egypt's 91-day T-bill yield eases, 273-day yield rises at Sunday's auction
•  Egypt local wheat buying up to 2.67 mln of planned 4 mln tonnes
•  Egypt imposes 900 Egyptian pound/tonne sugar export tax

Ghana

•  Ghana's Issahaku Maintains Rate as Inflation Burden Eases
•  Ghana's telecom subscribers hit 35 million - Minister

Kenya

•  Sugar mills post highest output ever for Kenya
•  Why BAT won't raise farmers' earnings yet
•  Copy Cat mulls listing on Nairobi bourse
•  MPs plan hearings on Safaricom bids scams
•  Co-op Bank of Kenya's pretax profit up 10 pct in Q1
•  Co-op Bank of Kenya's pretax profit up 10 pct in Q1
•  Kenya's Safaricom says leaked report shows no wrongdoing
•  Kenya Mulls Scrapping Some Tea Taxes to Make Industry Profitable
•  Yields fall at sale of Kenyan 2-year, 9-year T-bonds
•  Treasury moves to cap shareholding at Nairobi Securities Exchange

Malawi

•  Malawi's April inflation slows to 20.9 percent year-on-year

Mauritius

•  Mauritius' Omnicane says 2016 Q1 pre-tax loss surges 66 pct
•  Mauritius 2016 sugar output seen up 9 pct due to better weather
•  Mauritius 5-year Treasury bond yield falls to 4.23 pct
•  Mauritius 2015 jobless rate rose slightly from previous year to 7.9 pct
•  Mauritius raises its 2016 tourism earnings forecast by 2 pct

Nigeria

•  FCMB Group revenue, gross profit decline in Q1
•  Custodian records N5.7bn profit
•  Zenith Bank, French Firm Sign $100m Pact to Boost Power
•  Profit Dips Again for Seplat, as Firm Records N4.5bn Loss in Q1
•  Unity Bank records N78.8 billion earnings, N4.6 billion profit
•  Orange Targets Expanding Nigerian Companies Adopting More IT
•  NASCON Pays N1.46bn Dividend, to Invest in Product Lines
•  Nigeria faces oil output slump as Exxon shuts flows
•  Fixed Income Securities Market Attracts N32tn in Four Months
•  Nigeria denies report of plan to devalue naira; no request for IMF funds
•  Nigeria Inflation Quickens to Fastest Pace in Almost 6 Years
•  Nigerian oil output down 40 pct on Delta pipeline attacks
•  Domestic flights in Nigeria disrupted by fuel shortage -aviation authority
•  Nigerian policymaker seeks restriction of portfolio investment -MPC minutes
•  Nigeria raises 111 bln naira in T-bills at higher yields

Tanzania

•  Swissport cargo volume drops seven per cent
•  Tanga Cement declares 80/- final dividend per share
•  DSE's initial offer staged for oversubscription
•  CRDB eyes foothold in DR Congo
•  Tanzania to begin building $3 bln fertiliser plant this year

Zambia

•  Zambia Sugar to reduce EU exports
•  Chilanga gets new cement plant
•  Zambia gets over $700m investment pledges
•  New mining tax regime to boost FDIs
•  Zambia's chamber of mines defends new price-based mineral tax
•  Zambia's government in talks with IMF after weak copper prices hurt economy

Zimbabwe

•  CFI eyes return to profitability
•  Delta to invest $30m in two Chibuku plants
•  Innscor's Axia lists on ZSE
•  EcoCash, MTN launch money transfer service
•  Dairibord revenue declines 6pc
•  NMB income falls, eyes $40mln lines of credit
•  Padenga says on course to meet culling target
•  Inflation rate for April at -1.64pct
•  Zimbabwe halves 2016 growth forecast to 1.4 percent
•  Zim gold output up 21pct in Q1 as power supplies improve
•  Zim's saving rates low
•  Zimbabwe Cement Industry Demands Dangote Face Import Tariffs
•  Zimbabwe offers empowerment law exemption to attract equal partner in state airline
•  Zimplow raises $1,2mln from sales of non-core property