Weekly African Footprint: November 14, 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.

Egypt

•  UAE's Aabar buys 5.1 pct stake in Egyptian developer Palm Hills
•  Egypt's Palm Hills reports 150-percent jump in Q3 net profit
•  Egypt's GB Auto profits rise 254% in Q3
•  Egypt moves investment conference to avoid Chinese holiday clash
•  Egypt consumer inflation rises to 11.8 pct in October
•  Egypt's stocks back in green on blue chip gains
•  Egypt consumer inflation rises to 11.8 pct in October
•  Egypt's stocks dwindle; shrug Q3 results
•  Egypt says to repay debts to foreign oil companies within six months
•  Egypt issues first microfinance law

Ghana

•  Economic growth relies on locally made goods - Minister
•  Ghana Seen Holding Benchmark Rate as IMF Talks Spur Cedi Gains
•  Bank of Ghana Raises Policy Rate to 21%, While Cutting Range
•  October inflation hits 16.9 percent

Kenya

•  Safaricom disputes regulators assessment of its voice service
•  Equity gets Sh13bn for SME lending
•  US fast food and ice cream chains open in Nairobi
•  Nissan sets aside Sh1.3bn for new showrooms in major towns
•  Investors keep off Uchumi rights as market price falls
•  Kenya lifts KCB net profits after South Sudan slump
•  Co-Operative Bank of Kenya's Q3 pretax profit jumps 2.5 pct
•  Uchumi to renegotiate supplier trading terms
•  Kenya Airways posts a pretax loss of 12.5 bln shillings in H1
•  Stockbrokers make a killing as NSE turnover up Sh14bn
•  IMF, Kenya agree on precautionary loan deal
•  Kenya shilling strengthens after central bank intervenes

Malawi

•  Malawi October CPI at 23.3 percent year-on-year

Mauritius

•  Air Mauritius first-half pretax loss widens on euro woes
•  Mauritius central bank sees inflation at 3 pct by year end

Nigeria

•  Dangote Promises to Monitor Cement Prices
•  Diamond Bank to Boost International Trade
•  Stanbic IBTC to introduce more ETFs at NSE
•  Lafarge Nigeria unit to take complete control of United Cement
•  FBN Holdings acquires Kakawa Discount House Limited
•  Ecobanks Rapid Transfer provides quick payment solution for users
•  Access Bank unveils customised debit card
•  Nigeria consumer inflation eases to 8.1 percent y/y in Oct
•  Oil Slide Echoes 2008 Pressure for Nigeria, Saudi to Defend Currency
•  Equities Appreciate Further as Bulls Consolidate
•  Emefiele Vows to Defend Naira on Falling Oil Prices
•  Guinness gets approval to pay N4.8bn dividend
•  Elumelu, Dangote Call for More Local Participation in the Oil and Gas Industry

Tanzania

•  Tanzania says LNG project could cost up to $30 bln

Zimbabwe

•  Hwange Seeks Shareholder Funds for Debt Fix as Coal Declines
•  Cafca FY after-tax profits surge 43%
•  SABMiller Zimbabwe Unit Profit Drops as Sales of Lager Decline
•  Seed Co realises $16m revenue
•  Zimbabwes Economic reform programme under threat
•  Investment implementation still low