Weekly African Footprint: May 13, 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 plan to grow economy in next 6 years not enough to end poverty

Egypt

•  Telecom Egypt more than doubles first-quarter net profit
•  Egyptian real estate company Palm Hills posts 43 pct profit drop
•  Egypt's EFG-Hermes falls to Q1 net loss of 63.66 mln pounds
•  Egypt's EFG-Hermes falls to Q1 net loss of 63.66 mln pounds
•  Egypt's EFG-Hermes falls to Q1 net loss of 63.66 mln pounds
•  Egypt's annual urban consumer price inflation jumps to 10.3 pct in April
•  Egypt's annual urban consumer price inflation jumps to 10.3 pct in April

Ghana

•  Egypt's annual urban consumer price inflation jumps to 10.3 pct in April
•  Egypt's annual urban consumer price inflation jumps to 10.3 pct in April

Kenya

•  M-Pesa transactions rise to Sh15bn daily after systems upgrade
•  Kenya's Equity Group's pretax profit jumps 19 pct in Q1
•  Safaricom earnings lifted by mobile data and payment service
•  "Kenyan shilling edges down in line with global markets
•  Kenya Central Bank Says It Has Space to Ease Tight Policy
•  Kenya Central Bank Sees Current-Account Gap Narrowing on Inflows

Mauritius

•  Room revenue helps lift Mauritius Sun Resorts' Q3 profit

Nigeria

•  Transcorp completes N30bn bond issuance for expansion
•  Oando Increases Gas Footprint via Ajaokuta LNG Project
•  Sterling Bank's Share Price Rises as Lender Distances Self from Slush Deals
•  AshakaCem Independent Power Plant to Gulp $100m
•  Unilever shareholders approve N189.2m dividend payout
•  FCMB Group's gross revenue dropped in Q1
•  Nigeria's Buhari signs delayed 2016 record budget into law
•  Recapitalisation: Operators Consider Capital Injection, Merger to Meet Deadline
•  Nigeria investigates banking deals, questions CEOs
•  Nigeria raises 52.5 bln naira in local currency bonds at higher yield
•  N350bn release for capital projects begins Friday

Tanzania

•  NMB bond goes on offer today
•  Swissport builds best cargo terminal in Africa
•  Sale of DSE discounted shares starts next Monday
•  Tanzania inflation at 5.1 pct yr/yr in April
•  Tanzania Plans Foreign Loans in Next Fiscal Year, Ndulu Says

Zambia

•  Zambeef to honour tax assessment
•  Zambia's kwacha firms 1 percent as risk appetite resurfaces
•  'Zambia's mining sector to rebound'

Zimbabwe

•  Metallon to spend $31 million in 2016
•  CFI set to conclude Suncrest deal
•  Nestle Zim to increase milk output
•  AfSun starts hotel renovations, seeks funds for expansion
•  Innscor shareholders approve Axia Corporation unbundling
•  Econet, Seacom said to be courting Neotel
•  Caledonia increases Q1 gold output, tax charge hits PAT
•  CAFCA H1 revenue falls 34pct, says difficult times lie ahead
•  'It's a stimulus package,' Zim central bank clarifies currency move after backlash
•  Zim turns to PTA, Belarus for credit to fund miners, new diamond firm
•  Zimbabwe backtracks from converting export earnings to euro, rand