Weekly African Footprint: March 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

• Botswana Wants to Ship 115 Million Tons of Coal to Asian Buyers

Egypt

• Etisalat's Egyptian unit considers stock market listing
• Egypt says food subsidy bill to be USD 4.31bn
• Egypt's GDP grew 1.2 pct in first half 2013/14
• Egypt investors believe Sisi presidency will bring stability

Ghana

• Stanbic Bank Ghana controls 30% of vehicle financing market
• PBC seeks private funding as its fortunes dwindle
• Ghana to Debut Point of Sale Devices to Triple Debit Card Users
• Ghana puts planned $1 bln Eurobond on hold until markets improve

Kenya

• Kenya’s Co-op Bank profits up 9% in 2013
• Profits halve at Kenya's Kakuzi as tea, avocado turnover drops
• Kenya's Jubilee pretax profit jumps 17 pct in 2013
• Decline in cost of lending predicted

Nigeria

• Dangote flour hit by competition, insecurity as sales slide
• Cadbury’s Q4 2013 after tax profit soars by 80 percents
• Nigeria’s oil savings recover to USD 3.45bn
• Inflation drops to 7.7% in February
• Nigeria Overtaking South Africa Masks Poverty Trap: Economy
• CBN to Sell N751bn Treasury Bills in Second Quarter
• Nigerian stocks fall to five-month low as foreigners exit
• Nigeria plans to raise USD 5.9bn via T-bills in Q2
• Naira volatility threatens single-digit inflation
• NSE, brokers collaborate to reduce transaction costs
• China Invested $1.79bn in Nigeria in 2013
• Nigerian Banking Sector Strong, Says Citibank CEO

Zambia

• Metal exports soar
• Zambia's 2014 inflation target under threat as kwacha slides
• Zambian Kwacha slides most in Africa as Dollar supply evaporates
• Ex-Zambia Central Bank Chief Says Market Must Set Kwacha Level

Zimbabwe

• PG in yet another capital raise
• Zimbabwe’s Mbada Diamond Mine Plans Underground Expansion
• RTG overturns USD 5.8m loss
• Pioneer set to acquire BlueStar
• CABS gets $10m loan from French firm
• Zimbabwe CPI at –0.49% in January
• Zimbabwe enters deflation
• Zimbabwe caps salaries of heads of state owned enterprises
contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833
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