Weekly African Footprint: October 16, 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

•  Choppies Plans Sub-Saharan Africa Expansion in Market Share Push
•  Botswana plans "bold" economic stimulus after diamond price drop
•  Botswana's CPI slower at 2.9 pct in September y/y

Egypt

•  Egypt's Suez Canal revenue rises to $462.1 million in August
•  Egypt expects $1.5 bln in loans from World Bank, AfDB by end-2015
•  Egyptian pound steady at dollar sale, on parallel market
•  Egypt economy grew 4.1 pct in fiscal 2014-15
•  Egypt to receive $3 billion loan from world bank
•  Egypt Devalues Pound Third Time in 2015 After Reserves Slide

Ghana

•  Ghana May Raise $500 Million More in Debt, Minister Says
•  Ghana Sept consumer inflation rises to 17.4 pct yr/yr

Kenya

•  Kenya's KenGen says full-year pretax profit more than doubles
•  Kenya's central bank puts Imperial Bank under management
•  KenGen eyes Sh1.8bn Treasury debt pay cut after rights issue
•  Centum injects Sh1.2bn capital in K-Rep Bank
•  Uchumi Supermarkets shuts down regional operations
•  Kenya's TransCentury says to raise money over next 6 months
•  Kenya's I&M Holdings to buy 65 pct stake in corporate advisory firm
•  Safaricom bags lion's share of Kenyan mobile revenues
•  Kenya Is Said to Plan $750 Million Syndicated Loan With Lenders
•  Kenya's central bank says in market to mop up 7 bln shillings
•  Kenyan Bank Stocks Decline for Second Day After Imperial Closure
•  Kenyan shilling holds steady, dollar demand seen weak
•  IMF's Forecasts on Kenya Economy Questioned by Banking Group
•  Kenya's energy regulator sets fuel price caps till mid
•  World Bank trims Kenya growth forecast for 2015 and 2016
•  Kenya says rate on its $750 mln syndicated loan below 6 pct

Mauritius

•  Mauritius plans derivatives platform in bid for African business
•  Mauritius offers bonds worth 2.5 bln rupees for sale next week

Nigeria

•  Ecobank to increase agric sector funding
•  Access Bank Upgrades System, Gets ISO Certifications
•  Fidelity Bank Boss Promises Stakeholders Better Value
•  GTBank Partners AFD on N3bn SMEs' Financing Scheme
•  Forte Oil Partners First Bank, Interswitch on New Payment Solution
•  Ecobank Nigeria, Deutsche Bank Seal Deal on Trade Financing
•  Access Bank Strengthens Alternative Banking Channels
•  Dangote Urges FG, States to Adopt Concrete Roads for Durability
•  FirstBank Unveils Gambian Subsidiary
•  Fidelity to Launch Online Marketplace for SMEs
•  Cadbury Nigeria Records 98% Dip in Nine Months Profit
•  UBA Grows Nine Months Profit by 44% to N48.6 Billion
•  Nigeria State Oil Company Reports Loss in Transparency Report
•  Nigerian Stock Exchange appoints advisors to prepare possible IPO
•  Nigeria Oil Company Chief Wants Petroleum Law Split to Be Passed
•  Nigerian Inflation Rate Climbs to Highest in More Than Two Years
•  Nigeria, Turkey Trade Volume Hits $2.5 Billion
•  Nigeria's central bank weakens naira FX peg on interbank market
•  FG Urged to Review Export Policies to Boost Revenue

Tanzania

•  CRDB now eyes big borrowers
•  Tanzania launches project to pipe natural gas to capital
•  DSE trading to remain low till election - broker

Zambia

•  Vedanta will not cut zinc output as costs are low
•  "Zambia Keeps Budget Goals `Sacrosanct' as Analysts Raise Doubts
•  Zambia should avoid spending overruns, boost revenue: IMF official
•  Zambia's budget deficit to remain wide: Fitch
•  Zambia among top economies in Africa
•  Zambia expects copper output to fall 15 pct this year
•  Zambia awards government workers 9-29 pct pay rises for 2016

Zimbabwe

•  Zimbabwe Innscor's restaurants unit to list on Nov. 6
•  NetOne in $5,8mln HY loss, targets 8mln subscribers
•  Delta parent firm SABMiller agrees $104bn sale deal
•  Atlas Mara targets acquisitions in seven African countries
•  Old Mutual Zimbabwe Revenue Increases To US$126 Million
•  Econet revenue falls by 17.7% 2015 Half Year Results
•  Zimbabwe seeks IMF assistance in tax system
•  European Investment Bank heads to Zimbabwe
•  ZSE's fall continues as heavy caps suffer
•  Zimbabwe asks chrome producers to cede mining claims
•  Zim gold output seen at 18 tonnes, diamond production down 30pct
•  Zimbabwe consumer prices fall 3.11 pct y/y in September
•  Zimbabwe to approach World Bank, IMF for new loans
•  British firm partners government to set up $150mln ethanol plant