Weekly African Footprint: October 02, 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 rough diamonds exports fall 15 percent in first-half

Egypt

•  Egypt's EFG Hermes to reduce capital to 3.07 bln Egyptian pounds
•  Egypt tourism industry expects moderate growth in 2015
•  Egypt expects $12.58 billion in additional revenue for 2015/16

Ghana

•  Ghana Planning to Raise $1 Billion in Eurobond Sale This Week
•  Interest rates to shoot up as BoG hikes policy rate
•  Ghana Cedi Posts Best Quarter on Record as Eurobond Inflows Loom
•  Economy shrinks further in 2015
•  Ghana's Oil Revenues Poorly Deployed

Kenya

•  Ghana's Oil Revenues Poorly Deployed
•  Ghana's Oil Revenues Poorly Deployed
•  Kenya's Equity Group gets approval to buy Congo bank
•  East African Breweries sells glass subsidiary
•  Kenya's Unga Group reports 12 pct rise in full-year profit
•  Kenya's Unga Group reports 12 pct rise in full-year profit
•  KenGen to boost wind energy generation as it turns focus on renewable sources
•  Kenya central bank to mop up 13 bln shillings in excess liquidity
•  Kenya to benefit from Sh21 billion private equity fund
•  IMF gives Kenya extra time to pay delayed loans
•  European Union grants Kenya Sh1.4bn to upgrade food testing facilities
•  Kenyan economic growth slows as construction, industry weaken
•  Business confidence edges up in September
•  Construction industry faltering under high interest rates
•  East Africa's inflows of Foreign Direct Investment increase by 11pc

Malawi

•  Malawi's economic growth to slow to 3 pct in 2015 after flooding

Mauritius

•  Malawi's economic growth to slow to 3 pct in 2015 after flooding
•  Mauritius MCB Group full-year pretax profit up 26
•  Mauritius MCB Group full-year pretax profit up 26
•  Mauritius Q2 GDP growth at 3.0 pct: stats office

Nigeria

•  Mauritius Q2 GDP growth at 3.0 pct: stats office
•  Mauritius Q2 GDP growth at 3.0 pct: stats office
•  Nigerian Breweries establishes N100bn commercial paper programme
•  Nigerian Breweries establishes N100bn commercial paper programme
•  Buhari asks Nigeria to be patient about cabinet
•  Nigeria's Forex Reserves Fall by $1bn
•  CSCS launches SLB in capital market
•  CSCS launches SLB in capital market

Tanzania

•  NMB gets $35m syndicated loan facility for SMEs
•  CRDB Bank launches customer service week
•  Tanzania shilling devaluation eats up TCC profit
•  Zanzibar current account deficit widens

Zambia

•  Zanzibar current account deficit widens
•  Zambia urges investors to ignore "unsolicited" Moody's downgrade
•  US dollar nears K11
•  Copper, Glencore send Zambian kwacha into freefall
•  Zambia to review FX rules after currency slump: central banker
•  China, Zambia central banks signs yuan clearing MOU
•  Zambia's kwacha opens firmer against dollar, off record lows

Zimbabwe

•  Radar Holdings' revenue declines buy 17%
•  Zimglass faces liquidation as Mauritian investor chickens out
•  Zimglass faces liquidation as Mauritian investor chickens out
•  Zimglass faces liquidation as Mauritian investor chickens out
•  Meikles records 25% growth
•  Mwana Africa share offer 80pct subscribed, raises $4,4mln
•  Telecel embarks on retail expansion drive
•  European Union gives Zimbabwe US$98 million
•  60pct of Zimbabweans live in the dark - govt
•  Delta cuts beer prices to offset weak demand
•  Hwange H1 losses widen, firm faces up to $40mln in lawsuit losses
•  Hwange H1 losses widen, firm faces up to $40mln in lawsuit losses
•  Mwana approves name change to Asa Resources, says to go global
•  Starafrica seeks new investor and change to scheme of arrangement with creditors
•  Tourist arrivals up 7%