Weekly African Footprint: June 12, 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

•  Cupric Canyon Capital to start building new Botswana mine
•  Botswana invites bids for 100 MW solar power project
•  Botswana central bank leaves bank rate unchanged at 6.5 pct

Egypt

•  Egypt's El Sewedy Electric posts Q1 net profit of $35 mln
•  Egyptian lender CIB to buy Citi's Egypt retail business
•  Egypt's Global Telecom posts Q1 2015 net loss of $82 million
•  Egypt's Suez Canal Authority gains powers to set up joint-stock firms
•  Trade deficit, pause in aid, plunge Egypt's c/a into the red
•  Egypt inflation to fall to single digits in 2-3 years
•  Egypt to allow unrated and covered bonds this summer: EFSA head
•  African bank opens $500 mn credit line to fund Egypt's exports to continent: Minister
•  Egypt's urban consumer inflation rises to 13.1 pct in May: CAPMAS
•  Egypt's core inflation rises to 8.14 percent in May
•  Egypt government approves proposal to set up sovereign investment fund

Ghana

•  UT Bank targets GH ¢100m additional capital
•  IFC signs $8m deal with Ghana's Quantum Oil Terminal
•  Inflation Rises To 16.9%
•  Ghana to add 1,000 MW of power and end blackouts in 2015

Kenya

•  KCB signs up 1.8m mobile banking customers
•  Safaricom Targets Higher-Earning Kenyans in Data-Bundle Growth
•  Kenya's Chase Bank raises 4.8 bln shillings as bond draws strong demand
•  StanChart Kenya to cut bad debts below 5 pct in 2015
•  Kenyan shilling firms ahead of Tuesday's benchmark rate meeting
•  Kenya's central bank raises benchmark lending rate to 10 pct
•  Kenya Scraps Capital Gains Tax on Shares After Brokers Protest
•  Kenya budget deficit climbs, fuelling financing concerns

Mauritius

•  Mauritius' 182-day Treasury bills yield rises to 1.72 pct
•  Mauritius offers 3-year Treasury bond 1.5 bln rupees

Nigeria

•  Skye Bank Mulls HoldCo Structure
•  Fidelity Bank Moves to Boost Workers' Productivity
•  Shareholders okay Mainstreet Bank take-over by Skye Bank
•  Flour Mills of Nigeria plans 40 bln naira rights issue
•  Nigeria's Stanbic IBTC to raise 20.4 bln naira in rights issue
•  Total Nigeria's N3.78bn Dividend Excites Shareholders
•  NAHCO Records N8.133bn Profit
•  Nigeria fuel marketers say working to ease shortages
•  NBS: Unemployment Rate Climbs to 7.5% in First Quarter
•  FG to issue $353 domestic bonds next week
•  SEC urges state govts to embrace capital market for infrastructural development
•  NSE's indices sustain sliding profile, down by N10billion
•  CBN pegs naira/dollar exchange rate at N196.90
•  Nigeria inflation rises to 2-year high on food prices

Tanzania

•  Mwalimu Bank listing now June 22
•  Tanzania lifts gas resources estimate to 55 trillion cubic feet
•  Shilling drops 20 per cent in five months
•  Capital markets body out to step up awareness on stocks
•  Demand for long-term bonds seen falling

Zambia

•  First Quantum Mulls $1.5 Billion Plant to Power Zambian Mine
•  Zambia Sells $79 Million Mines Company Stake to Pension Fund

Zimbabwe

•  Ghana hotel pushes African Sun revenue up 10pct
•  Lafarge to Invest More On Plant Upgrades
•  Proplastics debuts on ZSE
•  Delta pays out dividend
•  CFI Holdings begins verification
•  ART posts $651 000 operating profit
•  RTG revenue down 14pct in Q1 on low conferencing
•  France to offer Zimbabwe financial support once Harare clears debt
•  IFC team visits Zimbabwe, to consider private sector funding
•  IFC takes first step towards resuming lending to Zimbabwean firms