Weekly African Footprint: November 20, 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.

Egypt

•  Sidi Kerir Petrochemicals 9-month net profit drops 8.4 pct
•  "Sidi Kerir Petrochemicals 9-month net profit drops 8.4 pct
•  Egypt's SODIC signs $460 mln of sales contracts
•  Telecom Egypt posts 360 percent jump in Q3 net profit
•  Vodafone Egypt investments to record $1.2 billion in 2017
•  Egypt's unemployment rate falls to 12.8% in Q3
•  Egypt may rise after World Bank's $1 bln loan promise
•  Egypt may rise after World Bank's $1 bln loan promise
•  Egypt's trade deficit down 26% in August

Ghana

•  GSE pursues integration of African capital markets
•  Revenue and expenditure estimates to result in budget deficit in 2016
•  Revenue and expenditure estimates to result in budget deficit in 2016
•  Ghana inflation to top 17 pct by year's end
•  2016 fiscal consolidation targets will be difficult to achieve - FITCH
•  Gold Fields mulls further investment in Ghana mine as bullion price sinks

Kenya

•  Kenya central bank concerned about lack of solution for Imperial Bank
•  Expect cheap power soon, KenGen tells consumers
•  Expect cheap power soon, KenGen tells consumers
•  Kenya's ARM Cement seeks up to $105 mln in bond to retire other debt
•  Family Bank profit up 33pc on high lending
•  Kenya trims 2015 growth view again, citing El Nino, tight money
•  Kenya freezes licensing of new commercial banks: central bank
•  Kenya aims to double coffee output by 2020 after long decline
•  Kenya aims to double coffee output by 2020 after long decline

Mauritius

•  Mauritius MCB Group Q1 pretax profit up 12 pct
•  Mauritius 3-year Treasury bond yield unchanged at 4.56 pct

Nigeria

•  Nigeria delays deadline for South Africa's MTN to pay $5.2bln fine
•  Nigeria delays deadline for South Africa's MTN to pay $5.2bln fine
•  Oando plans N80bn rights issue, sale of subsidiaries
•  Oando plans N80bn rights issue, sale of subsidiaries
•  Oando plans N80bn rights issue, sale of subsidiaries
•  Oando plans N80bn rights issue, sale of subsidiaries
•  FirstBank Unveils Offerings for SMEs
•  Stanbic IBTC Secures International Syndicated Loan
•  Nigeria's governors back telecom regulator's $5.2 bln fine on MTN
•  South Africa's Tiger Brands Rethinks Expansion after Nigeria Hit
•  Wema Bank Gets National Bank Licence, to Raise $100m Tier 2 Capital
•  Wema Bank Gets National Bank Licence, to Raise $100m Tier 2 Capital
•  Wema Bank Gets National Bank Licence, to Raise $100m Tier 2 Capital
•  Nigeria, Japan Trade Volume Hits $4.5bn
•  CBN Reads Riot Act on False Rendition of Returns by Banks
•  Nigeria's Buhari orders arrest of former security adviser for graft
•  Nigeria's oil output could fall by 2017 unless investments boosted-Moody's
•  NSE Targets 25m Investors through TradeSmart App
•  Fixed Income OTC Market Records N11.5trn Turnover in One Month

Tanzania

•  CRDB Bank plans to open branches in DRC, Zambia
•  CRDB Bank plans to open branches in DRC, Zambia
•  Investors rush for govt 7-year bond
•  Tanzania shilling slides 24 per cent in ten months

Zambia

•  Kwacha posts gains against dollar

Zimbabwe

•  ZB Holdings to partner estate agents
•  Brainworks makes mandatory offer to buy out Dawn minorities
•  Brainworks makes mandatory offer to buy out Dawn minorities
•  Brainworks makes mandatory offer to buy out Dawn minorities
•  Brainworks makes mandatory offer to buy out Dawn minorities
•  Metallon cuts output by 30%
•  Metallon cuts output by 30%
•  Cafca FY15 net profit falls 15pct
•  Zim pension funds trimmed
•  SA, Zim trade relations still intact
•  Banking sector deposits increase - RBZ report
•  October inflation slides to -3,29pct
•  Marginal growth in broad money supply
•  Tourism activities subdued in first 10 months
•  ZSE targets $250m annual turnover