Weekly African Footprint: October 23, 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

•  Egypt to delay second international bond issuance: minister
•  Egypt seeks LE360bn private sector infrastructure investments this year: Minister
•  Egyptian pound steady at dollar sale, stronger on parallel market

Ghana

•  Ecobank increases lending to agric sector
•  GOIL absorbs huge subsidy on fuel prices
•  Fitch rates Ghana's partially guaranteed notes 'BB-'
•  Gov't to issue GHC1.5b bond Thursday
•  World Bank President lauds government efforts to stabilize economy
•  AfDB to release $100m to boost infrastructure, agric sector
•  Bank of Ghana pays 24.5 pct yield for 1.35 bln cedi bond

Kenya

•  Kenya regulator missed "malpractice" at Imperial: central bank
•  Uchumi Supermarkets to sell properties to raise capital
•  Kenyan shilling strengthens ahead of bond auction
•  Value of coffee sold at Kenyan auction falls 18 pct in 2014/15

Nigeria

•  Forte Oil Posts N4.28bn Profit After Tax in Nine Months
•  Ecobank raises $125m long term funding, trade facilities
•  Barclays' plan to delist Nigerian bond worries operators
•  SEC seeks greater share of $2tn Islamic funds
•  Nigerian insurance industry will expand despite economic slowdown
•  Nigerian insurance industry will expand despite economic slowdown
•  Oil sector contributes N1.78trn to Q2 GDP
•  Nigeria to Raise Electricity Rates Up to 40% as Costs Increase
•  Nigeria raises 138.2 bln naira in T-bills at lower yields

Tanzania

•  Nigeria raises 138.2 bln naira in T-bills at lower yields
•  Nigeria raises 138.2 bln naira in T-bills at lower yields
•  Shilling woes lower Q2 industrial output
•  Shilling woes lower Q2 industrial output
•  Tourist arrivals lift Tanzania's exports
•  Tanzania's current account gap narrows 16.6 pct in year to August

Zambia

•  Kagem shareholders in windfall
•  Zambia president says to protect consumers as maize meal prices jump
•  Zambia's kwacha sheds 1 pct versus dollar as commodity prices sink

Zimbabwe

•  ZB Holdings to raise $5m through agro bills
•  Telone Engages Govt On Debt Takeover
•  Fidelity shareholders approve Langford purchase, ROI seen at 250pct
•  Govt to reduce electricity tariffs for mining sector
•  US donates $21 m to improve food security
•  Zim-SA trade deficit falls 34pct on higher mineral exports
•  Zim-SA trade deficit falls 34pct on higher mineral exports