Weekly African Footprint: November 06, 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

•  BP agrees to fast-track Egyptian gas field
•  Egypt's central bank keeps interest rates on hold in October
•  Egypt budget deficit for FY 2014/2015 drops to 11.5 pct

Ghana

•  Statistical Service to rebase 3 economic indices
•  Ghana makes progress on structural reforms

Kenya

•  Uchumi Supermarkets cuts ties with employment agencies
•  Co-operative Bank eyes diaspora cash in money transfer deal with SimbaPay
•  KCB set to open office in Ethiopia
•  Botswana's Choppies seals deal to acquire Ukwala
•  Kenya Airways denies possible revenue loss to former workers
•  Kenya's Safaricom raises forecasts on sharp rise in subscribers
•  Kenyan shilling stable, seen supported by high debt yields

Mauritius

•  Mauritius Sun Ltd Q1 pretax loss widens 40 pct
•  Mauritius tourist arrivals rise 10.4 pct in 10 months to Oct

Nigeria

•  Mauritius tourist arrivals rise 10.4 pct in 10 months to Oct
•  Stanbic IBTC Group Records N104.4bn Gross Earnings in Nine Months
•  Diamond Bank Q3 Profit Drops to N15.967 Billion
•  KPMG Defends Audit Opinions on StanbicIBTC Financial Statements
•  KPMG Defends Audit Opinions on StanbicIBTC Financial Statements
•  Guinness Announces 3% Growth in Revenue for First Quarter
•  Nigerian Breweries Raises N17.7 Billion Via Commercial Paper
•  Fidelity Bank Records N11.4bn Third Quarter Profit
•  Nigeria's central bank sees no need for Stanbic IBTC to restate accounts
•  Nigeria's Fidelity Bank sees lower deposits as MTN may take funds to pay fine
•  Nigeria renews MTN's license as talks continue over $5.2 bln fine
•  Skye Bank Pledges Funding, Capacity Building for SMEs
•  Nigerian Stock Exchange May Sanction Oando over Delayed Results
•  Oando Announces Payment of $100m Afrexim Debt
•  Conoil Declares Profit Before Tax of N1.8bn in Nine Months
•  Nigeria's state oil company records Aug, Sept losses
•  Nigeria to raise 123 bln naira in treasury bills

Tanzania

•  CRDB Bank makes splendid performance
•  Equity Bank posts outstanding performance
•  Equity Bank posts outstanding performance
•  Month-end corporate demands lift shilling
•  Shilling gains after president's swearing-in
•  IFC to support Tanzania ease power shortages

Zambia

•  Zambian Breweries $33m malting plant to be ready next March
•  Glencore Can't Fire Workers at Zambian Unit, President Says
•  Customer deposits increase - BAZ
•  Low copper prices, load-shedding holding Zambia back - IMF
•  Zambia lifts benchmark rate to record 15.5 pct to curb inflation
•  Zambia's kwacha falls to new record low against dollar

Zimbabwe

•  Zimplats back in the black, reports $6mln profit in Q3
•  Funding Constraints Hamper Econet Project
•  U.S $1,1 Billion Cash Roll-Out for Hwange Deal
•  Indian Investor to Set Up U.S $30 Million Bottling Plant
•  Zimbabwe's Q3 tax revenue below target, mining royalties fall
•  Telcos plead with govt to reverse tariff cut as sector's revenue takes 14pct knock
•  Z im-Mozambique trade rises to $725m
•  Overvalued US$ hits Zim exports
•  Zimbabwe Chrome Exports Resumes