Weekly African Footprint: July 25 , 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

• Vodafone Egypt to invest $1.3 bln over three years on network
• Egyptian cigarette maker Eastern posts 17 pct jump in profit
• Egypt's steel industry files anti-dumping claim against imports
• Sisi's bold start on economic reforms buys Egypt some time

Botswana

• MTN faces challenges operating in Ghana
• Ghana’s Biggest Cocoa Buyer Delays French Loan on Cedi Slide
• Unions ramp up pressure on gov’t
• Ghana's external debt now $12b
• Illegal fruad collapsing the car industry-Cheki
• Ghana to issue 400 million-cedi 3-yr domestic bond on July 31
• Ghana June producer inflation at 33.1 pct yr/yr

Botswana

• Nairobi Stock Exchange Valued at 1.84 Billion Shillings for IPO
• Governors push for biotechnology to raise food yields
• Kenyan shilling steady, seen gaining
• Kenyan shilling steady, seen in tight range
• Kenyan shilling stable, seen trading in narrow band

Botswana

• Malawi inflation down to 22.5 percent

Botswana

• Ecobank Group gets nod to open investment bank in Kenya
• Transcorp’s half-year profit rises by 122%
• Unilever records 48% drop in profit
• Transcorp to expand Nigerian hotel, power investments – CEO
• Nigeria's Seplat reports first-half profit down 26 pct
• FirstBank Issues $450 Million Eurobond
• Champion Breweries to Raise N11.65bn through Rights Issue
• E-Commerce Gets Boost as FirstBank Partners PayPal
• Zenith Bank Grows Profit to N58bn in Six Months
• SABMiller’s Sales Increase on Rise in Beer Price
• Nigeria faces competition as Saudi opens bourse to foreign investors
• Nigeria holds rate at 12 pct, wants to lower it later
• Emefiele Chairs First MPC Meeting, to Retain Interest Rate
• CBN Restates Commitment to Create Strong Financial Sector
• NSE to Sanction Companies over Delayed Dividend Payments
• UBA Capital Posts N1.5bn Profit Before Tax in Six Months
• Credit to Private Sector Hits N16.964tn in June
• Jonathan Canvasses Stronger Partnership among OPEC Nations
• CBN, State Governors Sign MoU on MSMEs Fund

Botswana

• Swala shares oversubscribed through 'green shoe option'
• African Barrick reports profit, raises production forecast
• Credit to major economic activities slows down in May

Botswana

• BoZ policy intervention cheers Bata Zambia

Botswana

• Barclays launches ‘Cashsend Craze Campaign’
• Delta leans on opaque beer
• Innscor streamlining operations
• Sino Zim in bid to raise capacity
• CABS unveils new corporate identity
• Nampak to consolidate Zim businesses
• Bakeries to drive OK margins
• Delta to close Customer Collection Depots
• Capital markets vital to economic growth
• Broad money supply surges by $318m
• Chinamasa lowers GDP growth to 3,1pc
• Mining revenue surpasses target by 45%
• World Bank conducts Zimbabwe consumer-protection review
• Zimbabwe stock exchange demutualises, paves way for listing
• Zimbabwe could miss 6.4 pct growth target for 2014