Weekly African Footprint: October 30, 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

•  EgyptAir to launch 10-year restructuring plan: chairman

Ghana

•  Tullow to go ahead with production activities in Ghana
•  Tullow Oil expects first oil from Ghana Ten Field in 2016
•  Tullow Oil expects first oil from Ghana Ten Field in 2016
•  Ghana producer inflation drops to 3.7 percent in September

Kenya

•  Kenya's Equity Bank Group says Jan-Sept pretax profit up 14 pct
•  Kenya's Equity Bank Group says Jan-Sept pretax profit up 14 pct
•  Kenya's Housing Finance Jan-Sept pretax profit up 7 pct
•  KCB raises interest rates on mobile loans
•  KCB raises interest rates on mobile loans
•  Kenya's KCB pretax profit up in Jan-Sept, to debut in Ethiopia
•  Coop Bank to get Sh10.7b IFC loan
•  World Bank's IFC to invest Sh1.5bn in Stanlib REIT
•  Kenyan Tea Growers Going Purple Seeking More Lucrative Returns
•  Kenya signed $750 mln syndicated loan with banks, says official
•  Kenya signed $750 mln syndicated loan with banks, says official
•  Kenya's inflation rises to 6.72 pct in October

Mauritius

•  Mauritius 3-year Treasury bond yield rises to 4.56 pct

Nigeria

•  Lafarge Africa Records N29 Billion Profit Afrter Tax in Nine Months
•  Oando Records N180bn Revenue, Reduces Loss to N35bn
•  Zenith Bank grows profit after tax by 16.9%
•  Union Bank sustains positive performance, records N13.17bn PBT in 3rd quarter
•  Skye Bank Records N129Bn Gross Earnings In Q3 2015
•  Unilever Nigeria's PAT run rate improves in Q3 over Q2
•  SEC moves to deepen market via Islamic finance
•  Nigeria launches televised oil contracts bids, to slash number of deals
•  Fuel Now N100 per litre as Scarcity Hits Ondo
•  Nigeria's distributable revenues fell in September to 389.94 bln naira
•  Nigeria's distributable revenues fell in September to 389.94 bln naira
•  Nigeria's distributable revenues fell in September to 389.94 bln naira

Tanzania

•  TIB Bank gives energy sector big boost
•  NMB profitability trend slows down
•  Tanzania's ruling party looks set for poll win, opposition cries foul
•  Tanzania's ruling party looks set for poll win, opposition cries foul
•  Dar keen to cut hydropower dependence
•  Tanzania shilling's depreciation hits Acacia Mining
•  Shilling woes raise national debt
•  Zanzibar current account deficit widens

Zambia

•  Zambia's kwacha falls 3 pct as copper slips, energy crunch weighs
•  Zambia's October inflation quickens to 14.3 pct year/year
•  Cotton production grows by 20,000 metric tonnes

Zimbabwe

•  PG fails to pay creditors, looks to prospective investor for salvation
•  Mimosa revenue down 15pct to $53 million on weak metal prices
•  Zimbabwe's fiscal deficit seen narrowing to 0.5pct of GDP
•  Bank deposits up 26pct y-o-y
•  Companies Want Salary, Utility Costs Cut by Law
•  Zimbabwe: Tobacco Exports Hit U.S $500 Million Mark
•  New tax for miners amid belt tightening
•  Fresh fruit exports to Mauritius shrink to zero

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