Weekly African Footprint: December 11, 2015

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 needs $123 million more to cope with drought, power shortages

Egypt

•  Egypt's Pioneers to offer to buy Universal Co for Packaging
•  Eastern Company revises 2014/15 net profit
•  Egypt says it will add up to 3 GW of power, helping to reduce rationing
•  Egyptian business activity falls to two-year low in November
•  Egypt to appeal $1.76 bln award to Israel in gas dispute, freeze gas import talks
•  Egyptian pound steady at forex sale, stronger on black market
•  Egypt expects $1.5 bln in aid by year-end
•  Egypt's annual inflation hits 6-month high in November up to 11.8%
•  Egypt's Central Bank to sell $1.1 billion in T-bills on 15 December

Ghana

•  Ghana's economic performance below average in first half of 2015
•  Germany deepens presence in Ghana with 155 firms

Kenya

•  Safaricom CEO Bob Collymore declares wealth, says he is worth Sh200m
•  BOC adds to long list of profit warnings
•  KQ, Uchumi's decline to zero net worth puts CMA on the spot
•  Kenya gets $1.5 bln loan from China to extend railway
•  Kenya central bank offers to inject 4 bln shillings
•  Kenya to Review Foreign Borrowing After Eurobond Questions
•  Kenyan shilling holds steady against the dollar
•  Maize prices on the rise as imports from EA decline

Mauritius

•  Mauritius inflation slips to 1.0 pct in year to Nov: stats office

Nigeria

•  Shareholders approve PZ Cussons' merger with subsidiaries
•  GTBank, MasterCard introduce prepaid card
•  FBN Grows Income to N10 Billion in Three Years
•  Tiger Brands Restates Commitment to Investments in Nigeria
•  Glo, Vodafone Partnership Will Boost Access to Telecoms Services
•  Naira drops to 251/dollar, external reserves now $29.7bn
•  Nigeria to make $2.1 billion payment to cover fuel subsidy - finance ministry
•  Nigeria raises 50 bln naira 2020, 2024 bond at higher yields

Tanzania

•  CRDB's agency banking deposits reach 524bn/-
•  AfDB may finance Tanesco after reforms
•  Treasury bills oversubscribed as liquidity eases
•  Tanzania cuts petrol and diesel prices, kerosene goes up
•  Tanzania secures $346.9 mln loan for roads from the AfDB
•  Rising food prices push Tanzania inflation higher to 6.6 pct in Nov
•  Shilling gains on strong dollar inflows from exports
•  Tanzania 'vulnerable' to US interest rate hike

Zambia

•  Zambia Sugar describes processing period as very challenging in the face of Kwacha volatility
•  Zambia facing toughest economic challenge in a decade - World Bank
•  Zambia's mines should pay more for electricity - World Bank
•  Zambia overspent 2015 budget plan by $1.4 bln - finmin

Zimbabwe

•  Econet adds $300m to debt stock
•  Seed Co acquires $50 million for local, foreign ops
•  Innscor eyes three acquisitions, to continue aggressive price cuts
•  Border Timbers generates profits
•  Meikles half year loss widens to $10,8 million
•  Powerspeed revenue hits $40mln, profit after tax 19pct up
•  2,7pct GDP growth projection for 2016 ambitious, MPs told

contacts
  • Kenya +254 (714) 646 406
  • South Africa +27 (11) 243 9030
  • Nigeria +234 (1) 342 9185

© Securities Africa Kenya Limited (Licensed by the Capital Markets Authority)

   Terms and Conditions