Weekly African Footprint: April 10 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

•  Kuwait Energy announces new oil discovery in Egypt
•  Telecom Egypt declares LE 0.2/share payout
•  3 local energy-related firms to list on Egypt stock exchange
•  Egypt-based Sawari Ventures to close $50 mln fund to new investors by year-end
•  Egypts MIDOR signs $1.4 bn deal to expand refinery
•  Kuwait fund to lend Egypt $1.5 bln over next five years
•  Egypt's foreign reserves fall to $15.291 bln: c. bank
•  Moody's upgrades Egypt's credit rating to B3
•  Egypt's urban consumer inflation rises to 11.5 pct in March

Ghana

•  Ecobank Ghana consolidates top spot
•  First tranche of IMF bailout to greatly stabilise cedi
•  Ghana Targets 1.2 Million Tonnes Of Cocoa This Year
•  Ghana's main oil refinery says shuts down due to breakdown
•  Ghanas GNPC Cuts Borrowing Plan in Half on Oil Price
•  Ghana oil refinery breakdown a symbol of economic woes

Kenya

•  China firm buys Sh6.4bn stake in Centum project
•  Investor demand for EABLs bond surpasses target with Sh9bn bids
•  Kenya's Limuru Tea 2014 pretax profit falls 95 on lower prices
•  Kenya's Home Afrika says 2014 profit to fall by a quarter
•  Kenya sells $260 mln of 12-yr infrastructure bond at extended sale
•  Kenyan shilling steady, traders wary of central bank intervention

Mauritius

•  Mauritius keeps repo rate unchanged, sees inflation steady

Nigeria

•  Dangote, Saipem, seal joint venture agreement in Central, West Africa
•  Bonus Shares Lift Forte Oil Market Capitalisation to N280bn
•  Nigeria's Transnational Corp. says 2014 pretax profit down 14 pct
•  UBA Lists N30.5bn Bond Issue on NSE, FMDQ
•  FBN Holdings Posts N83bn Profit, Gives Dividend, Bonus
•  Nigeria's Unity Bank says Q1 pretax profit rises 35 pct
•  Stanbic IBTC Secures $90m Credit Line from FMO
•  Nigerias Post Election Bond Rally Stalls on Naira Concern
•  Nigerian Stocks Retreat as Oil Adds to Naira Devaluation Chances

Tanzania

•  NMB, Airtel partner on mobile money service
•  Tanzania inflation rises slightly to 4.3 pct in March

Zambia

•  Lafarge Sees Beyond Rival Dangotes Zambia Entry to Congo Demand
•  Zambia cabinet to present changes to mining royalties on Monday

Zimbabwe

•  Faltering economy hits ZSE
•  Zimbabwe, South Africa Sign 3 Landmark Deals
•  High production costs suffocate Zim firms