Weekly African Footprint: September 05, 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

•  Telecom Egypt jumps on new licence; banks lift Qatar
•  Suez Canal project investment certificates available in Egyptian pounds only
•  Egypt's main index hits 6 year high
•  UAE to provide Egypt with $8.7 bln petroleum products - source
•  Egypt revises up July annual inflation to 11.04 pct
•  Egypt central bank keeps key interest rates unchanged
•  Egypt business activity expands in August, hits 8-month high -PMI

Ghana

•  Ghana bank buys German financial firm
•  Ghanaians urged to make inputs into 2015 budget
•  Ghana's currency steadies after falling nearly 40 pct this year

Kenya

•  KenolKobil Kenya to Focus on Existing Business as It Pays Debts
•  National Bank share premium to earn Treasury, NSSF Sh1.4bn
•  Gulf Energy and Centum consortium wins USD 2bn contract to construct 1,000MW coal plant
•  Kenya in bid to woo back Europes charter airlines
•  Co-op Bank signals lower dividend payouts
•  KCB takes bulk of foreign inflows
•  Telkom Kenya CEO out amid takeover talks
•  India's Essar says in binding pact to sell Kenya telecoms business
•  Kenyan shilling steady, eyes on central bank action on liquidity
•  Kenya holds key lending rate, says inflation under control

Malawi

•  Malawi needs donor support for 14.7 pct of budget: finance ministry

Mauritius

•  Property drives Mauritius conglomerate Rogers' full-yr profit
•  Mauritius year-on-year inflation rate at 3.8 pct in August

Nigeria

•  High wheat prices impact Flour Mills Q1 performance
•  Nigeria's Access Bank meeting investors over possible share sale
•  Guinness Directors Meet to Recommend Dividend
•  Sterling Bank Appoints New Chairman
•  Flour Mills First Quarter Profit Drops by 24%
•  Dangote Cement Slashes Prices, Launches 32.5 Grade
•  Qatar National Bank Buys AMCONs Stake in Ecobank
•  VAT, oil, companies, account for 94% of FGs N2.5trn H1 revenue
•  Nigeria 2024 bond yield eases on JP Morgan index inclusion
•  Bears Sustain Grip as Index Declines By 0.32%
•  Systemically Important Banks Rule Spurs Bond Sale
•  Jonathan: We Must Ensure the Economy Works for All Nigerians

Tanzania

•  Tanzania sees bumper coffee harvest in 2014/15
•  Tanzania raises petrol price, cuts diesel, kerosene
•  Tanzania to double power supply by 2016, mostly from gas

Zambia

•  Zambia Revenue Authority amends VAT General Rules

Zimbabwe

•  Amplats to Expand Zimbabwe Output as S. Africa Sales Planned
•  Meikles struggles to sell TBs
•  Fidelitys $5 million bond oversubscribed
•  BancABC, to delist from Zimbabwe, Botswana stock
•  Dairibord revenue retreats 11 percent
•  Zim presses ahead with Basell II adoption effort
•  ZSE turnover rises 163pc
•  Zim has potential to attract FDI
•  RBZ arranges $50m bond for coins
•  Taxing capital gains on shares is anti-indigenization
•  China says to help Zimbabwe build special economic zones