Weekly African Footprint: February 07 , 2014

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 projects slender 2014 budget surplus

Egypt

•  Egypt Pioneers Holding to invest EGP in 2014
•  Egypt says stimulus package almost ready as it seeks to reassure investors
•  Egypt narrows budget deficit in first half of fiscal year
•  Arab states gave Egypt petroleum USD 4bn worth of oil products in July-December
•  Egypt forex reserves up for first time since August

Ghana

•  Ghana Central Bank Ready to Act Should Cedi Threaten Inflation
•  Ghana Regulator Close to Approving Mega African Capital Listing
•  Ghana central bank takes steps to halt currency slide
•  Fitch says its concerns about Ghana's economic imbalances growing
•  Ghana risks overshooting its 11.5 pct 2014 inflation target

Kenya

•  State opts not to inject fresh capital in KenGen’s cash call
•  Barclays Kenya profit falls as costs and provisions climb
•  Safaricom rebound lifts NSE capitalisation
•  Kenya to press ahead with Eurobond, undeterred by tapering

Malawi

•  Malawi inflation quickens to 23.5% in December

Mauritius

•  • IMF says Mauritius economy to grow 3.7 percent in 2014

Nigeria

•  Flour mills to invest over USD 1bn to expand capacity
•  Oando awaits final approval for ConocoPhillips acquisition
•  Nigerian Flour Mills 9-mth pretax profit falls 28 pct
•  Dangote Boosts Sugar Self Sufficiency with $35m Investment
•  Union Bank to raise USD 100m syndicated loan
•  Flour Mills, NNFM record declined profits
•  FBN, GTBank, Zenith Lead in Global Ranking
•  Oando secures funding for closure of ConocoPhillips acquisition
•  Oando Targets N100bn Earnings Annual Earnings
•  Ecobank calls EGM on reform after criticism by Nigerian watchdog
•  Non-oil sector drives Nigeria’s GDP growth
•  Nigerian lawmakers’ fight with finance minister holds back budget

Tanzania

•  Tanzania debut Eurobond could be up to $1 bln

Zambia

•  KCM output slumps
•  Zambia, UK seal new taxation deal
•  Zambia to Boost Power Capacity 39% This Year to Support Mines

Zimbabwe

•  BAT to invest more in Zim
•  TSL Profit up
•  NMB floats US$50m SME bond
•  Exor Petroleum in $9,3 million deal
•  Tanzania firm eyes Zimglass
•  Zimbabwe mining industry backs platinum refinery
•  ZimAsset faces $27 billion hurdle