Weekly African Footprint: June 05, 2015

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

•  Botswana's Choppies to buy Kenyan retailer

Egypt

•  Egyptian developer Palm Hills in three deals worth $63mln
•  Emaar Misr's $353mln IPO in Egypt to run June 16-25
•  Egypt's Pioneers Holding buys cable factory for $37 mln
•  Egypt's Ezz Steel reports 2014 net loss of $109.5 mln
•  Emaar Properties trims Egypt listing price, sees up to $334 mln float
•  Egypt's Beltone Capital to offer shares on stock exchange in Q4 2015
•  Egypt's El Sewedy Electric wins 785 mln euro portion of Siemens power plant deal
•  Orascom and Siemens Consortium to build world's largest gas power plants in Egypt
•  Egypt signs exploration deal with Italy's Eni worth $2bln
•  Egypt buys 5mln tonnes of local wheat, above target
•  Egypt business activity steadier in May as employment rises: PMI
•  Egypt to price first international bond in five years on Thursday
•  Egypt raises $1.5 bln in first international bond sale for five years

Ghana

•  CAL Bank aims at more T-Bills, less loans
•  GCB to maintain lending rates
•  Ghana 91-day bill yield rises to 25.1707 pct
•  Ghana Cedi Falls to Record as Rate Increase Seen Inadequate
•  Ghana to scrap fuel subsidies by September

Kenya

•  Kenya consumer goods firm Eveready slides to six-month loss
•  Equity Bank's Equitel Targets 100 Million African Customers
•  KQ hires American turnaround consultancy Seabury
•  Kenya's president nominates IMF adviser as central bank chief
•  IMF trims Kenya's 2015 economic growth forecast to 6.5 pct

Mauritius

•  Yield on Mauritius 3-year Treasury bond rises to 3.55 pct
•  Mauritius year-on-year inflation falls to 0.5 pct in May: stats office

Nigeria

•  Seplat Targets Natural Gas to Boost Revenue, Profitability
•  Vitafoam profit rises by 11.8 %
•  Oando to invest $36m in gas compression
•  Ecobank to boost capital through share sale
•  Nigeria's Dangote Cement expands to Ethiopia with $500 million plant
•  NIPCO releases 49.5 million litres of fuel, imports 28 million metric tons
•  Nigeria central bank officials accused of $40 mln fraud
•  Nigeria-China Trade Volume Rises to $23.5bn
•  StanChart Business Indicator Reveals High Hope of Democracy Dividend in Nigeria
•  SEC to Penalise Registrars for Non-return of Unclaimed Dividends
•  SEC to Penalise Registrars for Non-return of Unclaimed Dividends

Tanzania

•  Tanzania awards $9bln rail projects to Chinese companies
•  Liquidity squeeze hurts demand for govt bills
•  Tanzania raises petrol, diesel prices pump prices

Zambia

•  Madison fund swells to K800m
•  SEC, ZICTA disagree on MTN listing
•  Vedanta's Zambian business KCM imports semi-processed copper from Chile
•  Old Mutual in Talks for Stake in Zambian Power Plant, CEC Says
•  Zambia Bills Best in Africa for Standard Bank, With One Caveat

Zimbabwe

•  Zimbabwe's NicozDiamond reports flat Q1, says greenfield projects and Malawi unit to drive growth
•  Pearl Properties records decrease in revenue
•  Dairibord to commission milk equipment
•  Zim's billion dollar Innscor unbundles fast food business, to list separately on ZSE
•  Delta, Econet join Africa's top firms
•  Innscor to unbundle restaurant unit
•  Glass demand continues to surge: Zimglass
•  Tongaat Hullet Zimbabwe FY sugar production down 5pct
•  Zim c/bank bids to formalise $2bn international remittance market
•  Zimbabwe bourse to start online trading on July 3
•  ZSE sets up bourse for SME growth