Weekly African Footprint: November 10, 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.


•  KFC in Botswana comes out of liquidation as JV takes over


•  Egypt says foreign reserves rise to $36.703bln at end-October
•  Egypt's Sisi says he will not seek a third term - CNBC
•  Egypt's Oct annual urban consumer inflation slows slightly to 30.8 pct
•  Egypt inflation eases, paving way for looser monetary policy


•  Stanchart records 25% growth in profits in quarter three of 2017
•  Tullow Oil raises FY production guidance on Ghana fields
•  Ghana Misses $816 Million Bond Target After Extended Bidding
•  Bank of Ghana targets price stability
•  Ghana's consumer price inflation falls to 11.6 pct in October


•  Safaricom sets up online sales portal as net profit hits Sh26.2bn
•  Kenya Power loses Sh605m wayleaves suit
•  Kenya Airways appoints four managers
•  KQ to conclude rescue plan in two weeks
•  Safaricom home Internet passes 90,000 houses
•  Regulator now wades into Nasa Safaricom boycott
•  KCB third quarter profit hits Sh15.1bn
•  Kenya's Nakumatt supermarket chain foiled by explosive growth
•  Return of Fired CFO Presents New Headache for Kenya Airways
•  Kenya's GDP to grow at over 6 percent in 2018: finance minister
•  Kenyan Petitioners File Court Bids to Overturn Kenyatta Vote Win
•  Mauritian small firms follow corporations in hunt for local deals
•  Rotich defends new Eurobond issue to repay Sh77bn loan
•  Strike Revives Automation Call in World's Top Tea Exporter


•  Air Mauritius pretax profit down for first half of financial year
•  Mauritius inflation rate unchanged at 3.5 percent yr/yr in Oct


•  Nestle Nigeria to sustain interim dividend culture
•  Lafarge shareholders endorse merger with Unicem, Atlas Cement
•  Flour Mills grew half-year profit by 53%
•  Flour Mills’ Rights Issue to the Rescue
•  Unilever appoints Nwobi as non-executive director
•  Our shareholders can receive dividend in naira – ETI
•  Guinness to boost sale of Smirnoff
•  Investors Aren't Calling an End to Nigeria's Naira Problem
•  Debt servicing gulps N928bn in six months
•  Nigeria Seeks to Narrow Budget Gap With Rise in Non-Oil Revenue
•  Nigeria central bank injects $195 mln into currency market
•  Nigeria bonds shrug off Moody's downgrade as investors seek yield
•  Nigeria's Senate approves report exonerating MTN Nigeria over forex transfers
•  Nigeria plans $2.3 bln in oil asset equity restructuring -DMO


•  NMB expands branch network
•  World Bank cuts Tanzania's 2017 GDP growth estimate to 6.6 pct
•  Tanzanian Helium Discovery May Be Double Initial Estimate
•  Tanzanian Helium Discovery May Be Double Initial Estimate
•  Tanzania yr-on-yr inflation falls to 5.1 pct in Oct
•  DSE index registers negative returns in Q3


•  Zimasco makes profit of $45m
•  Delta net income up 4pct in H1
•  Natfoods invests $7,7m in contract farming
•  OK Zimbabwe net income doubles to $5mln in H1
•  Afdis Q1 sales, revenue below budget
•  Zim stocks extend gains
•  Mugabe Signals Deepening Divide in Zimbabwe's Ruling Party
•  Zimbabwe’s Mugabe sacks VP seen as top succession candidate
•  Mugabe's Wife Grace Rises to Pinnacle of Power in Zimbabwe
•  Gold output jumps 11pc
•  Forex shortages impact power imports
•  SECZim to pilot mobile share trading platform
•  Zimbabwe's Mugabe: Beware of death on road to presidency
•  Zimbabwe budget deficit widens sharply on runaway government spending

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