Weekly African Footprint: January 15, 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

•  Production at Egypt's biggest gold mine rose 16% in 2015
•  Egypt's Orascom Construction says wins $420 mln power plant contract
•  Egypt's El Sewedy Electric announces dividend for first nine months of 2015
•  World Bank cuts Egypt's predicted 2016 growth rate
•  Egypt's urban consumer price inflation unchanged at 11.1 pct in Dec
•  Egypt central bank amends rules to encourage banks to lend to more clients
•  Egypt issues $897.9 million one year T-bill at average yield of 3.248 pct
•  Egypt aims to reduce import bill by 25 pct in 2016
•  Egyptian industry head sees lifting of FX deposit cap 'soon'

Ghana

•  Bank of Ghana reviewing microfinance companies
•  Cedi lost 18% in 2015
•  Gov't to roll out more interventions to propel economy
•  Withholding tax on services slashed to 7.5%
•  BoG seeks more power to tackle crisis in microfinance sector
•  IMF approves third disbursement to Ghana
•  Inflation rate currently at 17.7 per cent

Kenya

•  Centum set to cede shares in Two Rivers mall to Old Mutual
•  India-based cement giant eyes Sh12.7bn majority ARM stake
•  Kenya Airways inks deal to sell redundant aircraft to US airline
•  The National Bank of Kenya blames tight Government budget on delayed Rights Issue
•  Kenya shilling stable, seen facing pressure from importer demand
•  Central Bank under pressure as it sets benchmark rate

Malawi

•  Malawi December consumer inflation rises to 24.9 percent y/y

Mauritius

•  Mauritius inflation at 1.3 percent in December

Nigeria

•  Dangote Plants Seen Selling $6 Billion Yearly to Nigeria by 2018
•  Nigeria to Sell N80bn Bonds
•  Nigeria's "bad bank" AMCON seeks bids for stake in Peugeot plant
•  CBN assures Dangote of Forex to finance $14bn refinery
•  Nigerian Stocks Fall Into Correction as Oil Plunge Dims Outlook
•  Nigeria approves $200 million World Bank loan for projects in Lagos

Tanzania

•  Tanzania inflation inches up to 6.8 percent in December
•  Social security sub-sector registers robust growth
•  Shilling strengthens on weak demand
•  BoT records remarkable profit increase
•  Tanzania's GDP expanded by 6.3 pct yr-on-yr in Q3 2015: stats office
•  DSE's trading through mobile phone up 42 pc

Zambia

•  BoZ attracts K288m treasury bills bids

Zimbabwe

•  Lonrho exits agric unit
•  Turnall reduces number of board members
•  Hwange Colliery property goes under the hammer to pay-off Chinese loan
•  Chrome ore exports slow'
•  Zimbabwe trade deficit widens to $3 billion
•  Falling commodity prices weigh down economy
•  Inflation projected to rise as govt tackles deflation: Zeparu
•  Chinese firm to set up agric demo centres