Weekly African Footprint: June 19, 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 CPI slows to 0.2 pct m/m in May: stats office

Egypt

•  El Sewedy Electric to develop solar power plant in Upper Egypt
•  Egypt's EFG-Hermes says well-capitalised, east Africa of interest
•  Egyptian Petrochemicals to finalise $2bn propylene project by October
•  Egyptian dairy maker Domty plans to list on Cairo bourse by early next year
•  Emaar Misr sets IPO price at 3.8 Egyptian pounds per share
•  National Bank of Egypt approves $91 million Finance for Oil Firm
•  Egypt says New Suez Canal to open Aug 6, eyes economic boost
•  First phase of wheat storage system project to save Egypt $200 million a year
•  Egypt Central Bank to offer treasury bills worth $700m
•  Egyptian trade deficit widens 11 pct in March: CAPMAS
•  Egyptian Suez Canal revenue at $449.6 mln in May
•  Egypt draft 2015/2016 budget projects 9.9 pct deficit, 5 pct growth

Ghana

•  Ghana's president says slowing inflation shows fiscal plan working
•  Ghana's producer price inflation eases to 19.0 pct in May
•  Ghana cocoa regulator to seek $1.8 bln loan for 2015/16 season
•  Ghana's unadjusted Q1 GDP growth jumps to 4.1 pct y/y
•  Ghana's 2014 gold revenues fall 17.4 pct on lower output
•  As Deadly Floods Subside, Ghana's Borrowing Costs Are Rising

Kenya

•  Old Mutual gets approval to acquire UAP
•  Britam of Kenya's Biggest Holder Has Its Stake Put Up for Sale
•  Centum's profit jumps to Sh7.9bn on sale of UAP
•  StanChart links up with two firms to sell insurance in its bank halls
•  Kenya's Centum says $61 million bond is 38 pct oversubscribed
•  Kenya's central bank says in market to mop up 8 bln shillings
•  Kenyan tea firms slide to annual loss on supply glut

Malawi

•  Malawi's CPI quickens to 19.5 pct y/y in May

Mauritius

•  Air Mauritius plans to cut costs after posting full-year loss
•  Mauritius 4-year central bank note yield at 4.29 pct

Nigeria

•  GSK Shareholders Get Dividend, Bonus Shares
•  Custodian and Allied Assets Hit N50 Billion
•  Nigeria's Stanbic IBTC to publish list of loan defaulters
•  FirstBank unveils FBNBank Guinea
•  Transcorp Ughelli Power increases capacity, targets acquisitions
•  Oriental Energy, Afren Energy Complete First Devt Oil Well
•  Lafarge Loses N2.5bn in Six Months to Insurgency in North-east
•  Nigeria, Others to Attract N14.55 Trillion FDI in 2015
•  CSCS Records N8.2bn Growth in Earnings
•  Nigeria $5.6 bln power plants sell-off stalls on gas shortages
•  Nigeria to raise 120.5 bln naira in Treasury bills next week
•  Geometric Power, GE to build 1,080 MW plant in Nigeria

Tanzania

•  Brewing firm operations get digital boost
•  CRDB Bank of Tanzania Targets Congo Expansion After Rights Offer
•  Tanzania's Eurobond launch now imminent
•  Investors' appetite for TBs falls
•  Tanzania current account deficit narrows 23 pct in year to April: central bank

Zambia

•  Ikulileni LuSE listing withdrawn
•  First Quantum says optimistic of "rational" Zambia tax
•  Zambia finmin seeks to borrow more to plug financing gap
•  Zambia Debt Costs Set to Soar After 'Terribly Wrong' Budget Call
•  Zambia's budget deficit poses risk - World Bank

Zimbabwe

•  Econet secures South Africa cash remittances deal
•  Dairibord commissions milk plant in Chipinge
•  RTG launches online auction website
•  PG Industries Seeks ZSE Readmission
•  Atlas Mara sells stake in Brainworks
•  ZimAlloys secures investors to inject over $50 mln after chrome export ban lift
•  Zimbabwe's Hwange to Sell 50,000 Tons of Coal to South Africa
•  Zimbabwe consumer prices -2.7 pct y/y in May: Zimstats
•  Deflationary pressures persist
•  Poor infrastructure costing Zimbabwe $1bln annually, says AfDB