Weekly African Footprint: November 27, 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.


Botswana

•  Botswana to award contract for 300 MW coal-fired power plant

Egypt

•  Egypt's Orascom Construction reports Q3 net income of $24.5 mln
•  Egypt's Pioneers Holding 9-month net profit up to $51.09 million
•  Yields on Egypt's Treasury bills mixed at auction
•  Egypt to procure poultry locally following industry pressure
•  Egypt issues $1.77 bln of one-year treasury bills at average yield of 2.837 pct
•  Siemens secures first financing for Egypt power plant project
•  Egypt to control prices of 10 commodities as inflation rises
•  Egypt strategic wheat reserves enough to last until April 23 -minister
•  Egypt's central bank saviour faces tricky balancing act

Ghana

•  19 Listed companies record losses
•  Ghana's cocoa output up
•  Government issues bond on Ghana Stock Exchange
•  Ghana's economy slips to 14th in Africa
•  Ghana producer inflation falls to 2.8 pct in Oct
•  Ghana sells 560 mln cedis ($146 mln) in 5-yr domestic bonds at 24 pct

Kenya

•  Safaricom and British Airways in initiative to market SMEs abroad
•  Diamond Trust Bank profit up to Sh4.7bn
•  Kenya's Nation Media bets on print with $20 mln press
•  Kenya's NIC Bank reports nine-months profit up 8 pct
•  Crown Paints' Sh400m Kisumu plant set for January launch
•  Kenya Power to set up new subsidiary for telecoms business
•  Central Bank's foreign exchange reserves drop by Sh15bn in two weeks
•  Kenya's president vows corruption crackdown on banks, officials
•  Kenya's new car sales jump 15 pct in first 10 months
•  Kenya to issue 30 bln shillings infrastructure bond in December

Nigeria

•  Lafarge Africa plans N59bn cement plant in North-East
•  Ecobank unveils online marketplace, Mymall Nigeria
•  Guinness seeks approval for N4.82bn dividend
•  Wema Bank regains national banking status
•  Actis invests $62 mln in Nigerian pension manager Sigma
•  Nigeria's Oando plans $350 mln gas processing plant
•  Nigeria central bank cuts rates for first time in six years
•  Poor condition of roads costs economy N296trn annual loses
•  Nigeria's Buhari Said to Approve U.K.-Style Cost-Cutting Arm
•  Nigeria's president to decide on MTN's $5.2 bln fine
•  Nigeria rate cut triggers stock rise; bonds, naira fall

Tanzania

•  Bank issues first ever retail bond to public
•  CRDB Bank posts 148bn/-record profit
•  TBL profit surges on higher sales
•  Chinese firm acquires Swissport

Zambia

•  Government to aid ZAMBEEF out grower schemes
•  Zambia Sugar ponders power capacity expansion
•  Vedanta Zambia Unit to Cut 2,500 Jobs as It Shutters Copper Mine
•  Zambia Needs IMF Aid, Ex-Finance Minister Musokotwane Says
•  Zambia's 2016 economic growth seen below 4 pct: World Bank
•  Zambia Economy Under Strain as Prices Surge, Growth Outlook Cut

Zimbabwe

•  Innscor Revenue Down 5 Percent
•  Nicoz Diamond Tailoring Affordable Security for Informal Sector
•  NMB Bank gets $60mln lines of credit, eyes additional $40mln funding
•  Innscor to add 4 outlets in Zim by year-end
•  Online channels contribute 3% of RTG e-commerce revenue
•  New Hwange Concessions To Increase Mine Life
•  CAFCA Pushes Volumes Despite Industrial Crisis
•  Chinamasa confirms collapse of Zisco-Essar deal, all workers to be laid off
•  ZSE suspends trade in Pelhams shares, retailer put under provisional liquidation
•  Hippo Valley H1 profit falls 74pct, annual sugar production seen tumbling
•  Zimbabwe's trade deficit narrows 29pct in October
•  Mobile money transfers up 30 pct to $512mln in Q2, revenue declines
•  Zimbabwe's Economic Growth to Quicken, Finance Minister Says
•  Zimbabwe's gold output to increase 28 pct next year

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