Weekly African Footprint: June 13 , 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.

Egypt

•  Egypt, UAE choose army-linked company to build wheat silos
•  Egypt's gas production to rise by 500 mln cubic feet/day by December -minister
•  Egypt annual consumer inflation slows to 8.2 pct in May
•  Egypt current account deficit narrowed to $232.7 mln at end-March

Ghana

•  Distell Ghana builds bottling plant in Tema.
•  Ghana set to issue Voluntary Partnership Agreement licenses
•  Gold Fields earmarks US$180m investment this year
•  Nestle trains 9,000 farmers to increase yields
•  Societe General channels GH¢315m to SMEs
•  Shops to close in protest against foreign retailers
•  Alltel embarks on multi-million project to create jobs
•  Accra Brewery Limited launches Stone Lager
•  Banks feel pressured
•  Ghana to raise cocoa price high enough to stop smuggling
•  World Bank cautions government
•  Cocobod to raise cocoa price to stop smuggling
•  Ghana central bank funding budget deficit - bank governor
•  Poverty levels reducing – ministry of finance
•  BoG set to ease foreign exchange restrictions
•  Tourism industry to grow by 9.7%
•  Rice import ban angers Ivory Coast

Kenya

•  Safaricom braces for opening of M-Pesa to rivals
•  Kenya's Centum profit rises, flagship mall progresses
•  Security contract gives Safaricom new PR nightmare
•  World Bank to advance Kenya Sh350bn for jobs, growth
•  Kenyan banks find the going tough in Uganda
•  Highest price of top Kenya tea grade dips at latest sale
•  Kenyan tea firms' profits slide, weighing on economy
•  Kenya sees 20.6 percent lift to GDP in rebase

Nigeria

•  Skye Bank Partners Local Councils on Levy Collection
•  NNPC Explores Gas Sales Potential in European Market
•  Shareholders to Amend ETI’s Articles of Association
•  Ecobank Acquires Mozambique Bank
•  Nigeria seeks bids for assets of ailing telecom company Nitel
•  Shell, Schlumberger, Others Invest $1bn in Snake Island Integrated Free Zone
•  Skye Bank Supports Railway Development
•  Lafarge Consolidates to Compete Effectively
•  BA Launches Next-Gen Account
•  Citibank Supports Community Development
•  Firm Buys Stake in MTI to Expand Rural Broadband
•  CBN May be Compelled to Devalue Naira, RenCap Insists
•  Shell Shuts in 40,000bpd Crude Oil Production
•  NLNG Generated over $50bn for the Nigerian Economy in 14 Years
•  Nigeria to Become a Major Player in Global Food Markets Soon
•  Emefiele: CBN Remains Very Independent
•  NSE imposes N19.6m fine on Ikeja Hotel, 6 others
•  Fixed Price Unlikely, Says Cocoa Association
•  SEC Approves AfDB’s N160bn Medium Term Note Programme

Tanzania

•  Unit of Australia's Swala Energy says launches Tanzania IPO

Zimbabwe

•  OK Zim eyes US$6m refurbishments
•  Zim Alloys shortlists four investors
•  MegaPak in drive to improve standards
•  OK should improve cost management
•  Schweppes acquires Beitbridge Juicing Co
•  RTG’s revenue increases
•  EcoCash launches diaspora service
•  CTC goes after Econet
•  Econet to launch a new call centre
•  Delta Beverages expands into drinking yoghurt
•  EU bank mulls giving loans to Zimbabwe's private sector