Weekly African Footprint: August 12, 2016

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

•  Egypt's annual urban consumer price inflation flat at 14 pct in July
•  Egypt needs $5-6 bln in bilateral financing to seal IMF deal
•  Egypt stocks edge cautiously up on IMF loan deal
•  Egypt 2025 dollar bond nears 1-year high after IMF loan agreement

Ghana

•  AngloGold’s share capital increases
•  GSE to introduce single window market on Bloomberg
•  Ghana Stock Exchange sensitises SMEs on Alternative Market

Kenya

•  CFC rides on interest to record 22pc jump in profit
•  Bond sales at the NSE fall 62pc in July on lower liquidity
•  Kenyan Lawmakers Escalate Battle Against Banks to Cap Rates
•  Treasury eyes Sh25bn bond to seal budget holes
•  Kenya central bank to set rates at policy meeting on Sept 20

Malawi

•  Carlsberg to sell 59 percent share of Malawi business

Mauritius

•  New Mauritius Hotels reports wider Q3 pretax loss
•  Rise in traffic helps brings Air Mauritius back into profit
•  Mauritius business confidence rises in Q2

Nigeria

•  Nigeria fine pushes MTN to first interim loss, dividend cut
•  Zenith Bank at Three-Week Low as First-Half Profit Slides
•  Nigeria's naira hits post-peg black market low of 400
•  Nigerian central bank sells dollars to lift naira off all-time low
•  Nigeria to allow banks to write-off some bad loans this year
•  Nigeria plans capital spending of $312 million in coming days
•  NSE revises bond listing, trading fees
•  Naira Appreciates as CBN Intervenes in Interbank FX Market

Tanzania

•  Tanga Cement profit rises despite fierce competition
•  Dar to become regional hub for commodity market
•  Tanzania's inflation slows in July due to food prices
•  Tanzania's current account benefits from strong gold prices, tourism boost
•  Credits to private sector decline

Zambia

•  Glencore lifts suspension of output at Zambia copper mine- trade union
•  Zambia's H1 copper output rises 8 percent - chamber of mines

Zimbabwe

•  Meikles narrows FY loss to $19 million as retail units blossom
•  CFI places struggling subsidiaries under judicial management
•  ZB H1 profit up to $6mln, banks on TBs
•  Blanket Mine Gold Output Up 15,6 Percent
•  South Africa gives Zimbabwe three week deadline over imports ban
•  RBZ prioritises tourism growth