Weekly African Footprint: November 07, 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

•  Gem Diamonds to sell first Botswana diamonds in February
•  Botswana mining output jumps 16.7 pct year-on-year in Q1

Egypt

•  BP awarded 2 exploration blocks in Egypt
•  Shareholders with 56 pct of Egypt's Bisco Misr agree to sell
•  OCI to spin off construction business and list in Egypt, UAE
•  Egypt's main index starts November in green
•  Egypt's grain hub plan to be finished sooner, for LE2 bn more
•  Investment Minister promises reform by 2015; calls for 'fight' against tax hikes
•  Egypt signs $350 mln in oil, power financing deals with Saudi
•  Growth in Egyptian business activity slows in October PMI
•  Nassef Sawiris says will ramp up Egypt investment after tax victory
•  NASDAQ Dubai to promote Egyptian firms' dual listings

Ghana

•  Izwe Loans Issues Ghanas First Corporate Bond Since 2007
•  CAL Bank posts impressive Q3 results
•  ING Mulls Selling Ghana Debt as Vote Risks IMF Targets
•  CSD marks decade of excellence
•  Banks record profits despite harsh economic conditions
•  Interest rates on T-bills still high despite cedi stability
•  Microsoft increases investment in Ghana with new experiential Zone
•  Ban on rice import will cause shortage Rice Dealers

Kenya

•  Kenya Proposes Scrapping Foreign Investors Caps on Stocks
•  Bata aims to stamp footprint with 25 more stores
•  Uchumi acquires Dar supermarket in growth drive
•  MoneyGram, M-Pesa tie up for diaspora cash transfers
•  Safaricom now sets a new half-year profits record
•  Farmers in a tight corner as maize price hits Sh1300 a bag
•  Kenya inflation falls to 6.43 percent in October
•  Kenyan shilling under pressure after weekend attacks
•  Kenya secures funds to upgrade Mombasa airport from French agency
•  Price of Kenya's benchmark coffee grade rises at auction
•  Kenyan shilling falls to new 3-year low, central bank action eyed

Malawi

•  Malawi central bank lifts benchmark lending rate to 25 percent

Mauritius

•  Mauritius year-on-year inflation rate at 1.9 pct in October

Nigeria

•  Dangote Cement Delays Sierra Leone Expansion Due to Ebola
•  Nigerian fuel marketer Conoil's 9-month pretax profit drops 32 pct
•  Nigeria's Dangote Cement 9-month pretax profit rises 1.5 pct
•  Nigeria's Dangote Sugar 9-month profit falls 9.3 pct
•  Transcorp Posts N9.7bn Profit in Nine Months
•  Shareholders Set to Approve NB Plc, Consolidated Breweries Merger
•  Seplat Seeks to Acquire Nigerian Gas Assets
•  Guinness Plcs Profit Before Tax Rises 6% in Q1
•  Samsung Attains Seventh Position in Global Brand Ranking
•  Data Connectivity Boosts Airtels Profit
•  Nigeria Stocks Slide, Ousting Zimbabwe as Africas Worst
•  Naira Falls to Record Low as Stocks Fall Most in World
•  Nigeria to Borrow Almost $1 Billion From World Bank Unit
•  CBN restricts dollar sales to some importers as naira sinks
•  Naira Falls on Reduced Dollar Inflow
•  Nigeria's Cement Output to Hit over 35m Metric Tonnes Yearly
•  43,000 Tonnes of Petrol Arrive Lagos

Tanzania

•  Tanzania cuts fuel prices after import costs fall

Zambia

•  Zambia postpones interest rate-setting meeting

Zimbabwe

•  Investor Snaps US$2m SeedCo Shares
•  Mimosa lines up $40m expansion project in next five years
•  ZSE Record Worst Trading Since January
•  Internet Business In Zim Worth US$500 Million
•  Do Conglomerates Still Have Space In Zim?
•  Zim moves to mend relations
•  Zimbabwe considers removal of tax on locally polished diamonds