Weekly African Footprint: August 22, 2014

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 leaves interest rate unchanged at 7.5 percent

Egypt

•  Amoun Pharma Said to Consider IPO as Alternative to Sale
•  Egypt's Qalaa Holdings Q1 net loss widens by 7 pct
•  Egypt's Pioneers Holding posts 55 pct rise in Q2 net profit
•  Markets look lacklustre; EFG Hermes Q2 could boost Egypt
•  Egypt tourism revenue drops by 24.7 pct
•  Egypt upbeat as foreign funds buy in; oil prices weak

Ghana

•  StanChart presents National Payment Strategy to BoG
•  Regency Alliance sees tough times ahead
•  Ghana company launches country's first 4G data network
•  Stop charging high interest rates – BoG tells MFIs
•  Ghana’s economic growth is enviable - World Bank

Kenya

•  Kenya Re targets southern Africa with Zambia office
•  Umeme raises dividend pay despite 20pc drop in profit
•  Safaricom opens talks with Vodafone on M-Pesa license fees
•  Fleet financing pushes up KQ debt to Sh89bn
•  Kenyan financial firm Britam's half-year profit leaps 31 pct
•  Britam taps NSSF executives to grow management unit
•  Nakumatt targets NSE, Dar and Kampala listings
•  Kenya's KenolKobil H1 pretax profit jumps 299 pct on cost cuts
•  Kenya's TransCentury swings to H1 loss after sale of railway stake
•  NIC seeks Sh4.8bn from World Bank arm
•  Banks record half year bond losses on high T-bill rates
•  NIC Bank launches Sh3bn bond
•  Kenya's Limuru Tea 1st-half profit drops 42 pct on weaker prices
•  Kenyan shilling eases against dollar, central bank action eyed

Mauritius

•  Surge in Chinese visitors lifts Mauritius H1 tourism earnings
•  Mauritius trade deficit widens 23 pct in June

Nigeria

•  International Breweries Q1 profit surges 32.46%
•  Oando posts 20% increase in oil production H1 2014
•  Continental Re strengthens local capacity for more expansion
•  Nigeria naira unchanged as dealers expect oil firm dollar sales
•  Dangote Cement Posts N95bn Profit in Six Months
•  Conoil Profit Surges by 298%
•  FEC Approves N31.2bn for Electricity Contract
•  CBN: ATM Withdrawal Charges Will Increase Competition among Banks
•  Dangote Cement Records Marginal Increase in Operating Profit
•  Nigeria's GT Bank H1 profit down 7 pct, shares fall
•  Nigeria's foreign debt at $9.38 bln, up 40 pct from last year
•  Investment Inflows to Nigeria Decline 42% to $2.86bn
•  Nigeria May Lose $2 Billion to Ebola

Tanzania

•  NMB mulls extending loans in mining, oil & sector
•  Government Urges China to Increase Investments in Tanzania

Zimbabwe

•  Ecobank sinks $120m into Zimbabwe
•  Delta injects $13m on key ingredients
•  Ecobank continues to support Zim economic growth
•  PPC volumes expected to grow
•  Seed Co to offload 60pc of Quton
•  Implats stops production at Zimbabwe mine after underground fall
•  Fight insurance fraud, sector urged
•  Zim imports 121 000mt of GM maize
•  Reprieve for companies as Zim slips out of deflation