Weekly African Footprint: September 12, 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

•  Pioneers to buy Arab Dairy in $35 mln deal
•  Egypt's foreign reserves up in August to $16.836 bln
•  Foreign investment in Egypt doubles to over $6 bln in 2013/14
•  Egypt core inflation rises to 10.07 pct in August
•  Egypt signs $500 mln World Bank gas loan

Ghana

•  FirstRand on track to open bank in Ghana
•  Ghana To Seek Fiscal Balance, Economic Reforms At IMF Talks
•  SEC courts VRA to capital market
•  Ghanas Benchmark Dollar Bond Pricier Than Ivory Coasts
•  Ghana annual inflation rises to 15.9 pct in August:
•  Ghana sells $1 bln Eurobond at less-than-expected rate of 8.125 pct
•  Ghana's Cocobod says signs $1.7 bln loan for 2014-15 cocoa season

Kenya

•  NIC Bank Boosts Offer as Investors Seek Kenyan Corporate Bonds
•  Kenya's Uchumi Supermarkets full year pretax profit falls 7 pct
•  Kenya's Mumias Sugar warns of wider annual loss
•  Kenya's Mumias Sugar full-year loss widens on lower prices
•  Kenyan shilling steady, might strengthen with central bank help
•  Kenya central bank in the market to mop up 8 bln shillings
•  Nairobi Securities Exchange Shares Almost Double in Kenya Debut
•  Yield on Kenya's 364-day treasury bills falls to 10.163 pct

Nigeria

•  Flour Mills proposes N5bn dividend, invests N40bn
•  Ecobank Seals $20m Facility with Brazilian Devt Bank
•  Airtel to Sell Africa Towers to Eaton
•  Cadbury Nigeria's FY14 HEPS Forecast Lowered to N1.75
•  Guinness Announces N109bn Revenue, Recommends N5bn Dividend
•  Dubai builds West Africa ties with $300m Dangote Cement stake
•  Lafarge Africa acquires 1.312 billion Ashaka Cement shares
•  Diamond Bank Opens Retail Banking Branch
•  Access Bank Remains on Target
•  Nigeria's AMCON chooses HISL as buyer for nationalised lender Enterprise
•  CBN May Raise Private Sector CRR to 18%
•  FRC: SEC, NPA Failed to Remit N28bn Surplus
•  Nigeria-India Trade Hits $19.5 Billion
•  Nigeria economy picks up on non-oil sector growth

Tanzania

•  Tanzania tax body shelves plans to review mining, gas contracts
•  Economy grows by 7.4 pct in three months this year

Zimbabwe

•  Agribank narrows losses, eyes $4m capital uplift
•  Choppies to open four more supermarkets
•  Old Mutual Zimbabwe profits reach $33m
•  Innscor Africa breaches US$1bln revenue mark
•  Econet to partner Zimbabwe govt to improve economy
•  CSD goes live, eyes American pension funds
•  Banking sector turning to mobile banking, e-commerce
•  Belgium largest tobacco export market for Zimbabwe
•  Zimbabwe says pays $180 mln to service Chinese loans
•  Zimbabwes Finance Minister Cuts Revenue Target as Growth Slows
•  Zimbabwe taxes mobile phones, call time to boost state coffers