Weekly African Footprint: February 14 , 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 to Sign Deal With Namibia to Develop Coal-Export Line

Egypt

•  Ezz Steel Q3 trims net loss by 74% y/y
•  SODIC says 2013 sales revenue up 69% y/y
•  Egypt's largest listed bank CIB posts 29% rise in Q4 net profit
•  Egyptian urban annual inflation slows to 11.4% in January
•  Egypt unveils $4.9 bln stimulus package to prop up struggling economy
•  Egypt's growth rate sluggish: 1.6% Y-o-Y in Q1 of 2013/14 • Egypt minister says ready to talk about deeper trade ties with EU
•  Egypt minister says ready to talk about deeper trade ties with EU
•  Egypt signs oil, gas exploration deals Dana, Edison, Petroceltic

Ghana

•  Bank of Ghana directive triggers panic withdrawals
•  Bank of Ghana to issue 402m cedi 3-year bond on February 13
•  Ghana consumer inflation rises to 13.8 pct in January
•  Govt’s three year bond oversubscribed

Kenya

•  Equity uses credit rating to cut cost of loans for SMEs
•  Tullow Says Kenya Sees First Oil Exports as ‘National Priority’
•  Australia’s Base Resources exports first minerals from Kenya mine
•  EABL say H1 pretax profit up 5%
•  Kenya shilling stable, liquidity to set path
•  Kenya shilling holds steady, export earnings eyed
•  Kenyan shilling stable against the dollar
•  Price of top Kenyan coffee eases at auction, volume rises
•  Kenyan tea prices ease at latest sale
•  Kenyan shilling eases versus dollar, further losses seen

Malawi

•  Malawi’s central bank leaves lending rate at 25%

Mauritius

•  Mauritius central bank questions government borrowing

Nigeria

•  Oil majors sell Nigerian stakes worth USD6.5bn in 2013
•  MTN looks for buyers for Towers portfolio
•  Nigeria adds $550 million to sovereign wealth fund
•  Retail bonds trading soars by 2,561% in year one
•  SEC to sanction unregistered public companies
•  Nigerian Central Bank Will Probably Increase Cash Requirements
•  Nigerian inflation steady at 8 pct y/y in January
•  Trading houses in race to buy oil majors' $3 bln Nigeria assets
•  Nigeria central bank confident it can defend naira after intervention
•  Excess crude account now USD 2.1bn
•  Nigeria sells NGN 90bn in 3, 20 year bonds

Tanzania

•  Tigo-Pesa, NMB Partner in Cash Transfers

Zambia

•  Sierra Leone Talks to Copperbelt Energy, Salini to Boost Power
•  NamPower, Zambia's CEC sign Kudu plant deal
•  First Quantum to engage govt over nickel duty
•  IFC hails Zambia on bond issuance
•  Zambia president says to spend USD 385m to create regional airport hub

Zimbabwe

•  NMBZ warns of loss
•  TSL in good performance but worrying cash-flows
•  Hwange secures US$11m loan
•  Mwana Africa Plans to Reopen Zimbabwe Smelter to Refine Platinum
•  OK opens tech shop
•  Barclays records profit
•  NMB gets USD 10m French loan
•  FY13 earnings to mirror economic performance
•  Zimbabwe re-engages the European Union