Weekly African Footprint: July 26 , 2013

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

•  BG flags Egypt concerns as profit slips
•  Egypt’s central bank receives USD 2bn Saudi loan
•  In Egypt turmoil, start-up firms find ways to flourish
•  IMF says still not talking to Egypt's interim government

Ghana

•  Ghana producer price inflation falls to 7.0 pct in June
•  Ghana sells $750 million 10-year Eurobond: sources

Kenya

•  Kenol back in the market after KPRL out-of-court deal
•  Chip designer ARM beats expectations on strong licensing
•  Africa Oil says speeds up E. Africa exploration, drills new well
•  ScanGroup enters S. Africa market on buying PR firm
•  Investors shun treasury bills over low rates
•  Kenya slashes 2012/13 coffee output, earnings projections
•  Kenya to receive KES 40bn in aid from EU in 2014-2020
•  Kenya to streamline Uganda, Rwanda customs, job losses feared

Mauritius

•  Mauritius trade deficit narrows 20.6 percent yr/yr in May
•  Mauritius' 3-year Treasury bond yield rises to 3.88 pct

Nigeria

•  Nigerian Breweries’ stock price rises on NGn 29.6bn profit
•  Heritage Bank outlines strategy for SME support
•  GSK drops scheme to raise stake in Nigerian unit
•  Fitch assigns ‘B-(EXP) on First Bank’s planned Tier 2 Issue
•  Honeywell Flourmills records N46 billion turnover, N2.8b profit in 2013
•  Oando shareholders approve N5.1b dividend
•  Nestle Nigeria says H1 pre-tax profit rises to 13 bln naira
•  Nigeria's unity Bank H1 pre-tax profit up 24 pct
•  Nigeria's Dangote Sugar says H1 pretax profit up 21 pct
•  Nigeria's Skye Bank says H1 profit up 5.5 pct
•  Nigeria integrated infrastructure master plan to gulp USD 2.9tn
•  Central bank cautious against external risks
•  Nigeria to Hold Key Rate at Record 12% to Protect Nair
•  CBN introduces 50% CRR on public funds, Retains interest rate at 12%
•  NSIA, IFC sign MoU on Nigeria’s infrastructure financing

Zambia

•  Emerald miner Gemfields rakes in USD 31.5m at Lusaka auction
•  First Quantum to restart dam project
•  Investrust side steps into home ownership
•  BOZ urged to intervene in forex market
•  Zambia CPI flat at 7.3 percent y/y in July

Zimbabwe

•  Caps Pharmaceuticals goes under the hammer
•  OK Zim sales up 5.1%
•  Shareholders approve Interfresh $3m rights offer
•  Lonrho to pay Cambria
•  Mwana Africa adopts cost-cutting measures
•  Mimosa finalise indigenization plans
•  Delta revenue, volumes up
•  Meikles facelift almost done
•  Econet under probe
•  Econet cuts off Telecel
•  Mimosa quarterly production up 11%
•  Freda Rebecca output rises
•  Political risks to slow down economy
•  Gold production up 29 percent
•  ZSE to finalise new listing rules by November