Weekly African Footprint: November 03, 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 Choppies to treble shops in Kenya in next 3 years - CEO

Egypt

•  IFC and banks close $653mln in funding for Egypt solar plants
•  Egypt says EU to fund 500 mln euros of development projects
•  Egypt says Jordan to lift import ban on Egyptian potatoes
•  Egypt to keep customs exchange rate at 16 pounds in November

Kenya

•  Shoprite Prepares Kenya Entry to Fill Gaps Left by Nakumatt
•  KCB gets Sh10.4bn AfDB loan for lending to SMEs
•  Tullow fails to strike oil in latest Turkana search
•  Large caps tighten grip on bourse in quarter three
•  Equity posts 3pc drop in net profit
•  Safaricom CEO takes sick leave
•  Kenya’s Biggest Retailer to Enter Administration in Revival Plan
•  Safaricom share gains, shaking off Collymore sick leave
•  Poll impasse stalls SBM takeover of Chase Bank
•  Kenya's Safaricom EBITDA rises about 7 pct in H1
•  Kenya's Equity bank says rate cap locks out 500,000 small borrowers
•  Kenya Airways HR boss now latest executive to bow out
•  Kenyatta Named Winner of Kenyan Vote Rerun
•  Kenyan Opposition Shuns Courts, Vows Protests Demanding New Vote
•  Kenya's top share index jumps 1.49 pct after presidential vote result
•  Kenya's inflation slows to 5.72 percent in October
•  Specter of Violence Looms Over Kenya After Two Chaotic Votes
•  Kenya's stock exchange CEO says index will get a boost as political turmoil subsides
•  Kenya economy to fare better after elections than post-2008 vote

Nigeria

•  Guinness Nigeria grows revenue by 30% in 2017 first quarter
•  Nigeria's Access Bank eschews M&A in Ghana growth strategy
•  Oando Records N7.1 Billion Profit After Tax in Q3
•  Flour Mills of Nigeria plans share sale to reduce debt
•  MTN Focused on Preparing for Nigerian Unit IPO in Six Months
•  MTN Restates Commitment to List on NSE in Six Months
•  Lafarge Africa Applies to Raise N132bn through Rights Issue
•  IMF wants Nigeria to stop tax holidays
•  CBN rules out naira fall as external reserves hit $34bn
•  Nigerian Breweries Records N24bn Profit, Declares N7.9bn Interim Dividend
•  Russia Signs Agreement With Nigeria to Build Nuclear Power Plant
•  SEC launches development fund for capital market
•  CBN Pumps Another $195m into Forex Market
•  African Development Bank says could consider $400 mln loan for Nigeria
•  Nigeria Plans $1 Billion Processing Zone to Boost Exports
•  Nigeria moves towards border controls on hard currency
•  CBN Targets 80% Financial Inclusion by 2020
•  Nigeria's President Buhari to present 2018 budget to parliament on Nov 7

Tanzania

•  Citi profit slides by half in Q3
•  Barrick's Trouble in Tanzania Deepens as Acacia Chiefs Depart
•  Tanzanian Opposition Leader Arrested for Inflammatory Speech
•  Tanzania's fuel prices rise on weaker currency, crude costs

Zimbabwe

•  Econet grows revenue, profits
•  Steward Bank PAT up threefold to $8,5mln in H1
•  Larfarge makes play for PPC
•  Mimosa output up 4pct in Q1, Zimplats flat -Implats
•  Prospect’s Arcadia granted national project status
•  Zim stock market rebounds
•  Zimbabwe’s inflation puzzle
•  Zim economic performance deteriorating significantly, says IMF
•  Tobacco exports top $665 million
•  Chinese telecoms firm ZTE eyes opportunities in Zim’s $1bn ICT industry
•  ZSE indices open new month higher

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