Weekly African Footprint: September 04, 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

•  World Bank, Botswana Study Company Stakes in Zambezi Pipeline

Egypt

•  Italy's Eni makes mega gas discovery off Egyptian coast
•  Egypt's Orascom Construction posts net income of $35.2 million in q2 2015
•  Initial investment in Eni mega gas field in Egypt about $3.5 bln
•  Egypt's El Sewedy Electric posts Q2 net profit of $68.63 mln
•  Egypt money supply up 16.5 pct in July
•  Number of tourists visiting Egypt up by 2.9% in July: CAPMAS
•  Egypt business activity expands in August at sharpest rate of 2015
•  Egypt says Zohr gas find will not undermine talks on imports from Israel

Ghana

•  Ghana says postponed 5-year domestic bond slated for this month
•  IMF approves second disbursement to Ghana
•  Ghana's Cocobod says paid back $1.7 billion cocoa loan
•  Ghana Controlling Spending as Decline in Oil Threatens Budget
•  CSD announces settlement cycle change

Kenya

•  Kenyan supermarket chain Uchumi's full-year earnings to fall 25 pct
•  Kenya's Standard Group posts 90 pct fall in first-half profit
•  Loans may help Kenya Airways take delivery of Boeing 787s
•  Kenya inflation falls to 5.84 pct year-on-year in August
•  Kenyan shilling steady, seen under further pressure

Nigeria

•  Honeywell Flour Mills' profit declines by 38.7%
•  Flour Mills Promises Shareholders Better Returns
•  NAICOM Approves Nigeria Re's 2014 Accounts
•  Transcorp, better positioned for sustained growth
•  Dangote Cuts Nigeria Cement Price to Boost Consumption
•  UBA Records 40% Rise in Half Year Profit
•  Fitch: Nigerian banks in trouble, may post decline performance indicators
•  Stock Market Sustains Positive Momentum
•  Nigeria must eradicate oil theft in eight months-NNPC
•  Mobile Money Gets Boost as CBN Loosens Restriction on Telcos
•  Nigerian state oil company to split up downstream subsidiary

Tanzania

•  Swissport H1 profit breaks records
•  Shilling sinks 24pc in eight months
•  Tanzania Resumes Talks for $800 Million to Support Shilling
•  Tanzania cuts fuel prices on lower import costs, stable currency

Zambia

•  KCM still consulting State on copper concentrates
•  Madison records over K17 million profit
•  China's NFC Mining shuts down some operations at Zambian copper mine
•  REIZ records over K10m exchange losses
•  Zambia's central bank says current monetary stance appropriate
•  Zambia forecasts lower growth, larger deficit as copper earnings shrink
•  Zambia to Halt Issue of Mine Rights While Reviewing Regulations
•  Zambia's kwacha weakens 2 pct as power woes, copper prices weigh
•  Zambia Rules Out FX Controls as Intervention Becomes Hard

Zimbabwe

•  FBC after tax profit up by 22%
•  Dangote Seeks Zimbabwe Investments in Cement, Power, Mining
•  Zimplats posts record loss after sales drop, tax charge
•  Tanzania's Bakhresa to inject $20 mln into Blue Ribbon, shareholders offered $1
•  Implats' Zimbabwe unit to ramp up 2016 output by almost 50 pct: CEO
•  Mwana Africa seeks to raise $5,6mln to restart diamond mine
•  Mobile network operators register a 14pct fall in Q1 revenue
•  Zimbabwe relaxes empowerment law to boost investment-govt paper
•  Local bourse performance on free fall

contacts
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