Weekly African Footprint: October 10, 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

•  Egyptian economic summit scheduled for 21 February
•  IMF to participate in Egypt's economic summit: Lagarde
•  Egypt business activity grows at near-record pace in September
•  Egypt to sign trade deal with Kuwait in November
•  Egypt consumer inflation fell to 11.1 pct in September
•  Egypt's foreign reserves up in September to $16.872 bln
•  Egypt main index continues slide on Thursday

Ghana

•  Access Bank secures US$40m from Proparco, FMO
•  FirstBank Expands African Footprint, Launches FBN Bank Ghana
•  The State of the Ghanaian Economy Report launched
•  Illegal mining killing cocoa farms

Kenya

•  Kenya's Wananchi Group raises $130 mln for expansion
•  Kenya's KenGen seeks joint venture partners for geothermal plants
•  Britam loses Sh20bn deal to former staff
•  Safaricom, Airtel bid for Essar's Kenya assets seen finalised soon
•  Equity restores M-Pesa services after two-day outage
•  Economy set for growth despite tourism lull and security threats
•  CIC Insurance nets Sh5bn in oversubscribed issue
•  M-Pesa beats 34 banks in global cash transfers list
•  Kenya to auction 12-year bond worth to 15 bln shillings in October
•  Kenya Sells Bonds to Meet $4 Billion Transport, Power Needs
•  Kenya shilling dips in quiet morning trade, may gain next week

Nigeria

•  Skye Bank picked as buyer for Nigeria's nationalised lender Mainstreet
•  Nigerian banks profits to drop in 2015, says Fitch
•  Where Access Bank intends to channel N68bn rights issue
•  Nigeria's Access Bank 9-mo profit rises 20 pct
•  Skye Bank Pays 20% of Mainstreet Bank's Bid Price
•  Nigerian Economy Records Inflow of $5bn from Local Content
•  International investors embrace Nigeria on back of rising profile
•  Offshore Investments in Nigerias Fixed Income Market Hit $13.5bn
•  World Bank Predicts over 5% GDP Growth for Nigeria, Others in 2015/16

Tanzania

•  Tanzania Q2 2014 yr/yr GDP growth slows to 6.9 pct
•  Tanzania says power link to Kenya, Zambia to be completed next year
•  Tanzania arabica coffee prices rise on export demand
•  Tanzania inflation eases on slowing food price rises

Zambia

•  Zambia considers simpler tax for miners as VAT row simmers

Zimbabwe

•  Meikles to inject $4m into retail division
•  Art Corporation Could Delist
•  Afdis commissions $5m cider packaging plant
•  Zimbabwe's Metallon targets 500,000 oz gold output in 5 yea
•  'Zimbabweans highest taxed'
•  Liquidity crunch result of negative trade balance
•  Afreximbank lends Zim over $500 million annually
•  $2 million bond for MFIs
•  Collapsed banks yet to compensate depositors
•  Zim Industrial Decline Continues
•  Zimbabwe Stock exchange indices on a nosedive
•  Government secures AfDB $1,3m for transport