Weekly African Footprint: September 11, 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 Debswana cuts diamond production due to market downturn
•  Profits in Botswana banking sector fall 17 pct in 2014
•  Botswana sees budget deficit narrowing in 2016

Egypt

•  Egyptian real estate developer SODIC appoints managing director
•  Egypt gas find a big draw for international investors -Dana Gas chief
•  Egypt eyes second international bond issue of at least $1 bln
•  Trade deficit, currency crisis push Egypt's net reserves further down
•  Egypt's current account deficit climbs to $12.2 bn in FY 2014/15

Ghana

•  GDP for first half of year low
•  ADB Extends IPO To October 9
•  IMF Puts Ghana's Public Debt Beyond Pre-HIPC Levels
•  Gov't cancels bond issue on grim outlook

Kenya

•  Kenya's I&M Holdings says plans to buy Giro Commercial Bank
•  New CEO to refurbish Uchumi Supermarket stores
•  Kenyan shilling weakens on corporate dollar demand
•  Kenyan shilling loses more ground, close to all-time low
•  CBK pumps dollars into market to help shilling
•  Kenya signs China nuclear power deal

Mauritius

•  Mauritius inflation rate at 1.1 pct year-on-year in August: stats office

Nigeria

•  Sahara Plans to Dual List Oil and Gas Unit in London, Lagos
•  UBA shares surge as positive results boost demand
•  SEC Suspends Stanbic IBTC Rights Issue
•  Reserves rise by $2b, parallel market volatility persists
•  JP Morgan expels Nigeria from bond index
•  Telcos Defiant, Risk Additional Fines
•  Nigerian stocks slump, regulators intervene after JP Morgan index action

Tanzania

•  Mwalimu Bank's Dar bourse listing further delayed
•  Investment in the 7-year bond seen falling

Zambia

•  Glencore Zambian Move to Halt 26% of Country's Copper Output
•  Zambia to address jobs threat at Glencore's Mopani Copper
•  Zambian president may step in to stem kwacha free fall: spokesman

Zimbabwe

•  Govt approves Zimplats plan to sell 10pct equity to workers after rejecting 2013 indigenisation deal
•  BancABC slips into $162k loss
•  Cairns Foods ups capacity utilisation to 35pc
•  Fidelity H1 profits jumps 140pct
•  Dangote team in country for investment deals
•  Zimbabwe plans to clear $1,8 billion arrears
•  Govt meets IMF targets
•  Govt creates SPV for chrome exports
•  IMF does not see new Zimbabwe loans in at least three years