Weekly African Footprint: February 19, 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 CPI slows to 2.7 pct y/y in Jan
•  Botswana's CPI slows to 2.7 pct y/y in Jan

Egypt

•  Botswana's CPI slows to 2.7 pct y/y in Jan
•  Egypt raises deposit cap to $1 million for exporters
•  Egypt's central bank cracks down on exchange bureaus as black market surges
•  Egypt's central bank cracks down on exchange bureaus as black market surges
•  Egypt's Central Bank raises monthly deposit caps for exporters to $1mln

Ghana

•  Anglogold Ashanti rules out shutdown of operations
•  Ecobank Ghana MD steps down
•  Gov't to issue Ghc500m 5-yr domestic bond

Kenya

•  Kenya oil commercially viable at $25 a barrel, says Tullow
•  Transcentury allays default fears as share price falls
•  Kenya Airways picks PJT Partners to advise on capital-raising
•  Kenyan publisher Longhorn H1 profit jumps 96 pct
•  KenGen seeks geothermal consultants to rev up steam
•  Kenya replaces Mombasa port management amid smuggling probe
•  Kenya central bank seeks to mop up 15 bln shillings
•  Kenya reviews Islamic Finance laws ahead of debut sukuk
•  Kenyan shilling steady, seen gaining on agriculture exporter inflows
•  CBK insists key depositors at Imperial will be refunded next month
•  Central Bank wants more time to compel banks to lower lending rates
•  Kenya signs global tax deal to crackdown on multinationals
•  Kenya's Treasury to cut 2015/16 local borrowing by a quarter

Malawi

•  Malawi inflation slows to 23.5 pct y/y in January

Mauritius

•  Mauritius Lux Island Resorts posts 23 pct profit jump
•  SBM of Mauritius in Talks to Acquire Kenyan Bank, Chairman Says

Nigeria

•  " Nigeria's Sterling Bank eyes acquisitions
•  " FCMB to Expand Outside Nigeria as Oil Slump Hits Home Market
•  " Diamond Bank to Introduce 'eSUSU' Savings Scheme
•  " South Africa's Truworths exits Nigeria due to import curbs
•  " Fitch Upgrades Access Bank Ratings
•  " Investors to Get Dividend Value Within 24 Hours of Payment
•  " Nigeria in talks with oil majors to repay debt, invest in refineries
•  " Nigerian naira hits record low of 345 vs dollar
•  " Budget: FG's Planned Borrowings to Increase Debt Stock to 12.8% of GDP
•  " Nigeria's External Reserves Fall to $27.840 Billion
•  " Nigerian stocks down on profit booking, naira concerns
•  " Nigeria sets up committee to advise on first sovereign sukuk

Tanzania

•  Acacia Mining profit falls as gold price decline
•  Major telecoms attain financial interoperability
•  CRDB Bank celebrates two decades of 'meteoric rise'
•  NMB, CARE partner to serve thousands
•  NMB, CARE partner to serve thousands

Zambia

•  NMB, CARE partner to serve thousands
•  Zambeef share price doubles on LSE
•  Zambia's inflation to reduce
•  Political Tensions Intensify in Zambia Before August Vote
•  Zambia Plans to Revisit Power-Tariff Increase After Reversal
•  Zambia shuts 24,000 bpd refinery for around a month: minister

Zimbabwe

•  African Distillers profit after tax declines
•  Freda seeks fresh capital injection
•  BAT profit up 15%
•  Bakers Inn sales up 20% on promo
•  Turkey, Zim strengthen bilateral ties
•  Zimbabwe consumer prices fall 2.2 pct yr-on-yr in Jan
•  ZTA asks govt to lower 15pct VAT on foreign tourists
•  IMF team to visit the country next week

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

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