Weekly African Footprint: July 24, 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.

Egypt

•  Valeant to buy Egyptian drugmaker Amoun for about $800 mln
•  Eni discovers up to 15 bln cubic metres of gas in Egypt: oil ministry
•  Egypt's Suez Cement Q2 net profit tumbles 57 pct yr/yr
•  Kuwait's Al-Salam to list on Egypt exchange
•  Egypt Brief - Egyptian trade deficit increases 52.7 pct in April, says CAPMAS

Ghana

•  CAL Bank opens new branch at Dansoman
•  BoG introduces warehouse system of financing
•  Ghana 91-day bill yield rises to 25.2113 pct
•  Ghana cocoa purchases 667,000 T by July 2, down yr/yr
•  Ghana wants to issue bigger $1.5 bln Eurobond: minister
•  Ghana revises 2015 economic growth, budget deficit - finmin
•  Ghana's parliament plunged into darkness as energy crisis hits home

Kenya

•  Equity Bank, Airtel gang up against Safaricom with free money transfer
•  Kenya's Equity Bank starts mobile pay service to challenge Safaricom
•  Kenyan tobacco firm BAT says H1 pretax profit up 8 pct
•  Kenya's WPP Scangroup lifts first-half profit by 12 pct
•  Fitch concerned about Kenya's public finances
•  Kenya's shilling holds steady, supported by tight liquidity
•  CBK curbs banks' daily forex trade to save the shilling
•  Kenya central bank sets minimum FX deal size for banks
•  Kenyan forex market, bourse cut Friday trading hours as Obama visit

Malawi

•  Malawi's CPI quickens to 21.3 pct in June

Mauritius

•  Mauritius' trade deficit widens 39.9 pct in May

Nigeria

•  Oando Seeks Legislation to Boost Usage of Renewable Energy
•  Afren adjourns shareholder meeting as finalises restructuring measures
•  Flour Mills of Nigeria full-year profit falls 6 pct
•  FBN Holdings Records N52bn Profit Before Tax in Six Months
•  Nigeria's Union Bank H1 pretax profit rises 2 pct
•  Unilever Nigeria H1 pretax profit falls to 94 mln naira
•  Forex Pressure: CBN to Intensify Use of Administrative Tools
•  External Financial Flows into Nigeria Now N4.38tn
•  Investors earn N233bn in first half 2015
•  World Bank to spend up to $2.1 billion to rebuild Nigeria's northeast
•  Nigeria interest rates on hold for now, to rise in September
•  Unclaimed Dividends to Reduce as SEC, CBN Collaborate on e-Dividend Payment
•  Naira Tops Agenda as MPC Meets Thursday
•  Nigerian oil products pipeline shut in southwest after blast
•  Nigeria's forex reserves rise 5.6 pct month-on-month by July 22
•  Buhari's Inaction on Policy, Posts to Keep Nigeria Rates on Hold

Tanzania

•  Tigo dishes over 3bn/- to customers
•  BoT moves to boost credit growth
•  Investors appetite for govt bills falls
•  Tight monetary stance lifts deposit rates
•  Agricultural exports inflow lifts shilling
•  Tanzania new financial inclusion goal 75 pc

Zambia

•  Govt sale of its ZCCM-IH shares pushes LuSE turnover to K581m
•  Zambia's 24,000 bpd oil refinery shut since Tuesday
•  Zambia's kwacha firms on dollar sell-off
•  Zambia to issue up to $2 bln 10-year Eurobond
•  Zambia's $1.25 bln bond coupon rate at 8.97 pct

Zimbabwe

•  Primary gold producers under stress - Falgold
•  Kingdom Bank crumbles
•  Murowa Diamonds H1 production down 50pct as Rio Tinto exits
•  Fidelity, CFI Holdings in land-for-debt swap deal
•  Zimbabwe's Bindura Nickel FY output hits record 7,306 tonnes
•  Top awards for Meikles, Victoria Falls hotels
•  ZSE lures mining companies
•  IMF 2nd SMP review next month
•  Mining sector rakes in $10bn
•  Italy eyes Zim energy sector
•  China group to build Zimbabwe coal power plant