Weekly African Footprint: February 21 , 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

•  CPI quickens to 4.4% y/o/y in January

Egypt

•  EFG seeks to increase assets under management in Egypt by 25%
•  Egypt's energy quagmire could sink Sisi
•  Central bank earmarks USD 1.44bn for low-cost housing
•  Egypt's LNG import ambitions thrown into disarray

Ghana

•  Interest on 3-year bonds shoots up to 23%
•  BoG to inject millions of dollars into economy this week

Kenya

•  KenGen hits big with new steam well
•  Housing Finance sees 63% profit jump in 2013
•  Kenyan sugar firm Mumias trims loss, says cane theft a problem
•  Kenya's Longhorn profit jumps on regional expansion
•  Kenya seeks up to $500 mln loan to build fuel pipeline
•  Kenyan shilling firms, more gains seen on foreign demand for T-bond
•  Kenya to invest KES 6bn in proposed Uganda refiner
•  Next budget seeks to cut the ballooning wage bill

Mauritius

•  Rogers H1 profit down 78%
•  MCB first-half pretax profit up 12%
•  European fashion supplier Ciel Textiles H1 profit up 28 pct
•  Mauritius NMH Q1 pretax up 6.3 pct
•  Mauritius finance ministry renews battle over rates with central bank
•  Mauritius' 5-yr Treasury bond yield rises to 5.83 pct

Nigeria

•  Guinness Nigeria First-Half Profit Declines 22% on Weak Spending
•  Shareholders approve Nigeria’s Oando capital raising plans
•  NSE Lifts Suspension on Cadbury Shares
•  PZ Cussons Declares Special N1.30 Dividend
•  Oando awaits regulatory clearance for COP deal
•  Nigeria’s external reserves shed USD 1.598bn in 6 weeks
•  Nigeria's central bank sells $600 mln to support naira
•  Insurance industry grows 40% on reforms
•  Nigeria's president suspends central bank governor: spokesman
•  Nigerian president names Zenith Bank MD as next central bank governor
•  Change at Nigeria central bank won't affect policy: finance minister
•  Nigeria's AMCON seeks Enterprise Bank sale by end-May

Zambia

•  Schneider eyes Zambia
•  Lusaka Bourse May Buy Stake in Commodities Market After Tie-Up
•  Zambia Central Bank Calls Urgent Meeting as Kwacha Sinks to Low

Zimbabwe

•  Ariston recap pays off
•  Allied Bank to sell shares
•  Foreigners eye RioZim’s Sengwa
•  Afdis after-tax profit up
•  Meikles to expand footprint in mining
•  Cairns deal back on track
•  NMBZ seeks to raise USD 5m
•  Delta in US$12m Chibuku expansion
•  Chemco plans to delist by April this year
•  AfrAsia US$5m rights issue fully subscribed
•  Cafca projects 30% profit rise
•  National Foods says imports a threat
•  CSD ready to launch
•  Inflation quickens to 0.41% y/y in January
•  EU avails US$4m grant to Zim
•  Zimbabwe mulls diamond bourse
•  Zimbabwe shortlists two firms for platinum refinery
•  European Investment Bank officials coming to Zimbabwe