Weekly African Footprint: June 10, 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 CIB and Beltone drop plans for CI Capital sale -sources
•  Egypt non-oil business activity slows for eighth straight month in May-PMI
•  Egypt central bank injected $15.694 bln into banks in Nov-April
•  Egypt to issue $700mln in U.S. dollar denominated one-year treasury bill on June 14

Ghana

•  Ghana expects steady oil output as Tullow's Jubilee recovers
•  Ghana to issue $2 bln bond to help clear power firms debt
•  BoG cautions banks over electronic fraud
•  Ghana's GDP rises by 5.9%

Kenya

•  Helios' Orange takeover may reignite a re-union with Equity
•  Kenyan Security Company Considers Listing to Fund Expansion
•  Kenya's Centum Investment pretax profit up, helped by investment income
•  National Bank shareholders decry delay in rights issue
•  Kenya's Safaricom to launch local rival to Uber
•  Kenyan private sector activity expands at slower pace in May: PMI
•  Kenya's tourism earnings fall 3 pct in 2015

Mauritius

•  Mauritius inflation rises to 0.8 pct in May

Nigeria

•  Julius Berger to diversity, assures shareholders of good outlook
•  Oando secures N94.6b loan from local banks
•  Skye Bank sacks 175 workers
•  FCMB Expands Branch Network
•  Shares in Nigerian oil firm Oando rise 10 pct on debt restructuring
•  Unity Bank, Black Trituium plan equity investment deal
•  UAC restructures three subsidiaries, pays N1.92b total dividend
•  Forex policy delay hurting business - UAC CEO
•  Dangote acquires shares in Afreximbank
•  Nigeria says it has recovered $9.1 bln in stolen money and assets
•  Desperate for Funding, Nigeria Prepares to Face Bond Investors
•  W'Bank Cuts 2016 Global Growth Forecast to 2.4%
•  CBN dangles fresh N93b in power sector intervention
•  Nigeria to continue investor meetings after London roadshow: finance minister

Tanzania

•  DSE primary offer oversubscription imminent
•  China Exim Bank to support industrialization

Zambia

•  Vodafone, Afrimax to launch data services in Zambia
•  Tullow Wins Oil Exploration Licence
•  Kwacha fall continues

Zimbabwe

•  Hippo reports $8,5mln FY loss as production falls 11pct
•  OK Zimbabwe profit collapses 91 percent in 'disappointing' FY16, fears worse to come
•  Zimbabwe sets Tuesday deadline for chrome miner to cede half its claims
•  SeedCo defies El Nino, FY16 PAT up 3pct to $15mln
•  IMF says to assess 'bond notes' impact
•  Govt to cut stake in IDBZ
•  Zimbabwe Stock Exchange Cuts Jobs After Trading Slumps
•  Dollar shortages threaten Zimbabwe mining production
•  Zimbabwe's Mugabe says "surrogate currency" will prevent dollar outflow