Weekly African Footprint: October 09, 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's mining production index down 7.6 pct in Q2 y/y

Egypt

•  Orascom Telecom and Act Financial seek 100 pct of Beltone Financial
•  Egypt awards four offshore oil and gas exploration licences
•  Egyptian business activity grows at slower pace in September -PMI
•  Egyptian business activity grows at slower pace in September -PMI
•  Egypt's urban consumer inflation jumps to 9.2 pct in Sept

Ghana

•  Airtel Ghana records over 4 million subscribers
•  Ghana Said to Seek $1.5 Billion Debt With Yield of 8.5%-9%
•  Ghana Said to Sell $1 Billion of 15-Year Eurobonds at 10.75%
•  Ghana pays more than it wanted for fourth Eurobond

Kenya

•  BAT opens Sh152m warehouse with eye on exports growth
•  Kenya's Uchumi Supermarkets says shuts down four outlets
•  Kenya to cut non-essential spending this year
•  Kenya's remittances jump 3.2 pct in August from year ago
•  Kenya's Borrowing Costs Bear Brunt in Battle to Defend Currency
•  Kenyan shilling steady, seen gaining on high interest rates

Mauritius

•  Mauritius inflation rises to 2.0 pct in year to September
•  Mauritius eyes maritime projects, Africa links to boost growth
•  Mauritius seeks buyer for Britam stake, or sovereign fund may buy
•  Mauritius farming body lowers 2015 sugar output forecast
•  Mauritius farming body lowers 2015 sugar output forecast

Nigeria

•  Oando aims to pick up Nigeria assets from embattled majors
•  Lafarge Nigeria unit takes control of United Cement
•  PZ Cussons' N3.2bn Dividend Boost for Shareholders
•  ETI suspends sale of stake in Ecobank Nigeria
•  Nigeria's Access Bank aims for greater foreign revenue
•  SEC unveils post-capitalisation guidelines for firms
•  Budget: FG targets N394bn from development partners
•  2016 budget will encourage economic diversification - Buhari
•  Nigerian naira "appropriately priced", central bank head says
•  Stock MARKET Sheds N489 Billion in Three Months
•  SEC to grow non-interest products to quarter of market capitalization
•  Nigeria Offshore Contracts Review Adds to Industry Uncertainty
•  IMF Cuts Nigeria's GDP Growth Forecast to 4%
•  PENCOM to partner NSE to boost stock market activities
•  Inter-bank interest rate falls to 2015 lowest

Tanzania

•  CRDB employs 600 new staff to expand service
•  Dar bourse market size declines
•  DSE posts impressive performance
•  World Bank: Tanzania posts robust growth
•  Stock investors receive well mobile trading
•  Tanzania cuts fuel prices, cites lower import costs
•  Tanzanian inflation eases to 6.1 pct in year to September

Zambia

•  Zambia power firm looks to more than double electricity cost
•  Zambia Seeks to Restore Confidence With Budget Amid Power Crisis
•  Zambian mining firms ask for reduced royalties to cope with slump
•  Zambia, Zimbabwe utilities exceed dam water use: engineers group

Zimbabwe

•  SA miner buys Aquarius Platinum
•  Delta Q2 revenue 6pct down on depressed demand
•  Econet to retrench, offers shares to workers who accept severance
•  SABMiller rejects AB InBev's $104 billion takeover approach
•  Zim seeks creditors' buy-in over debt
•  Consumer basket decreases to $559
•  IMF praises Zimbabwe's strong commitment to reforms
•  Zimbabwe proposes 10 pct black empowerment tax: state paper
•  Zimbabwe proposes 10 pct black empowerment tax: state paper
•  Zimbabwe's trade deficit widens to $2,5bn
•  Zimbabwe's trade deficit widens to $2,5bn