Weekly African Footprint: February 12, 2016

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's diamond exports down 38 pct yr/yr in 2015, seen recovering

Egypt

•  Egypt's GASC gets wheat tender offers despite quality row - trade
•  GM suspends Egypt operations due to currency crisis: company source
•  General Motors to resume operations in Egypt
•  Egypt cancels wheat tender due to insufficient offers: MENA
•  Egypt's petroleum imports down 72% in October: CAPMAS
•  Egypt central bank meets exchange bureaus in bid to put lid on black market rates
•  Egypt's foreign reserves rise a notch in January for fourth month in a row

Ghana

•  Ghana Gas in serious debt
•  Ghana targets 5.4 pct GDP growth in 2016 vs 4.1 pct in 2015: finmin

Kenya

•  CMA asks Transcentury to disclose debt settlement plan
•  Uchumi Supermarkets creditors raid Uganda assets
•  KCB in deal to boost mortgages, sends 30 developers to Brazil
•  Foreign currency reserves rebound to $7bn after January slide
•  Kenya's shilling little changed, seen rangebound

Mauritius

•  Air Mauritius says swings to profit in third quarter ended Dec
•  Mauritius Jan inflation eases to 0.4 pct y/y
•  Mauritius business confidence bounces back in last quarter of 2015

Nigeria

•  Dangote to Construct New Cement Plants in Itori, Okpella
•  Nigerian Breweries Profit Falls as Weak Naira Raises Costs
•  Guinness Nigeria to issue N10bn commercial paper on OTC market
•  GTBank announces final tender results
•  Nigeria seeks cheap loans from international agencies: finance minister
•  CBN's Real Sector Financing Rises to N1.4trn
•  Nigeria hopes to cut down on borrowing, graft due to better cash management
•  Nigeria's parliament delays vote on revised 2016 budget
•  Nigeria to expand stock exchange range to lure investors

Tanzania

•  Expert defends listing of firms
•  Govt secures credit rating services for Eurobond issue
•  Tanzania's inflation slows in January due to food prices
•  Central Bank sets 80 pc financial inclusion target
•  Tbills oversubscribed as investors' appetite soars
•  China glass factory sets eyes to regional market

Zambia

•  Zambia posts steady rise in exports
•  Kwacha tilts to appreciation
•  Zambia scraps 73 pct rise in electricity tariffs - state power firm Zesco
•  Zambia planning to add 1,500 MW to national grid by 2020
•  Kwacha firms up against dollar
•  Zambia Says Mines Will Have to Live With Higher Power Tariffs
•  Zambia's central bank leaves benchmark lending rate unchanged at 15.5 Pct

Zimbabwe

•  Delta to increase Chibuku Super production
•  Mimosa revenue down 32pct to $99mln in H1
•  Caledonia Mining hedges 15,000oz of gold production
•  Textile industry to increase capacity utilisation to 45%
•  Banking sector profits double
•  BCC gives UK firm $68mln contract for waste-to-energy plant
•  Government to review fuel price
•  Government seeks investor for ZSE stake
•  Zimbabwe calls for $1.6 bln in aid to pay for food
•  Updated: Zim seeks $1,1 billion to clear WB arrears