Weekly African Footprint: August 04, 2017

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

•  De Beers Botswana Targets Highest Diamond Production Since 2014

Egypt

•  Centamin Q2 pretax profit nearly halves on lower gold output
•  Egypt lifts restrictions on GDR deals, allows returns in dollars
•  Egypt's currency float boosts foreign investment - stock exchange chairman
•  Egypt to lower customs exchange rate to 16.25 pounds/dollar -finmin
•  Egypt's soaring inflation hits food and drinks companies' profits
•  Egypt H1 trade deficit narrows by 46 pct -trade ministry
•  Egypt FDI rises to about $8.7 bln in FY 2016-17: Investment Minister

Ghana

•  Ghana lowers 2017 budget deficit to 6.3 pct of GDP
•  Ghana Stalling on Securities Watchdog Thwarts Fundraising Plans
•  Inflation drops to 12.1% in June 2017

Kenya

•  Safaricom rallies to Sh25 on dividend deadline
•  Centum strategy signals larger Deacons stake
•  Equity sheds ATMs in shift to mobile, agency banking
•  Safaricom Sees Amazon as Model for Kenya E-Commerce Platform
•  KCB Group announces rare interim dividend
•  Kenya Re net profit hits Sh1.6 bn amid stiff competition
•  Kenol to write off Sh1.8bn KPRL debt by December
•  DTB eyes SMEs with second Eldoret branch
•  Kenyan Electoral Agency Says Senior ICT Official Goes Missing
•  Kenya year-on-year inflation falls to 7.47 pct in July
•  Transactions through mobile money platforms close to half GDP
•  Markets regulator seeks to cut large cap market dominance
•  Kenya private sector activity slowdown moderates ahead of polls -PMI
•  Mergers and acquisitions dominate E. Africa deals rising to Sh113.5bn
•  Kenya's shilling stable ahead of elections

Mauritius

•  Mauritius business confidence up in Q2

Nigeria

•  GTBank celebrates 10th anniversary of LSE listing
•  Wapic plans better returns on investment to shareholders
•  Fidelity Bank Moves to Improve Customer Satisfaction
•  Nigerian conglomerate UAC plans 15.4 bln naira rights issue
•  Dangote Sugar Declares 50 kobo Dividend as Profit Grows by 132%
•  Nigerian banks to extend 9mobile's debt ahead of sale, FCMB says
•  Dangote sells $236 mln stake in cement firm to foreign buyers
•  Dangote Cement up 7.3 pct after it boosts share float with stake sale
•  FG pleads with Dangote to finish refinery before 2019
•  Foreign reserves near three-month high at $30.8b
•  Nigeria Oil Region Negotiators Threaten to Quit Peace Talks
•  Nigeria Moves Closer to Single Naira Rate
•  Nigerian economy to grow 0.8 pct this year, but risk remains, IMF says
•  Banks begin to show investors naira quotes
•  Nigeria says economy to grow a lot; IMF says not so much
•  Nigeria banks trying to stabilise 9mobile ahead of sale, FBN says

Tanzania

•  CRDB saluted for aiding Zanzibar’s economic drive
•  Tanzania, Barrick Gold start talks to resolve tax dispute with Acacia Mining
•  Tanzania, Vietnam to promote trade

Zimbabwe

•  Econet scales down debit card issuance
•  Delta focused on growth
•  OK records 19pc revenue growth
•  Zimbabwe asks court to enforce seizure of Zimplats mining ground
•  Jump in sales drives Zimplats Q1 revenue up 11pct
•  Hwange Colliery partners European firm
•  EcoCash reduces debit card limit
•  CBZ net income flat at $12mln in H1, forecasts 11pct revenue growth FY
•  MBCA H1 profit doubles to $2,7mln
•  ZSE market capitalisation falls on Bindura losses
•  ZSE closes July on front foot
•  Zimbabwe trade deficit at $1,3bln in H1
•  Zimbabwe economy continues to shrink
•  Zimbabwe c/bank to print $300mln in additional bond notes
•  Revenue collection up 16pct in July – tax agency
•  Government issues $2,5 billion TBs, bonds