Weekly African Footprint: March 04, 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.

Botswana

•  Botswana may sell troubled China-built power plant

Egypt

•  Egypt's Domty prices shares at up to $1.45 in planned float
•  Egyptian pound steady at forex sale, stronger on black market
•  Egyptian T-bill yields rise, signals possible interest rate hike
•  Banque Misr to issue dollar-denominated certificates for Egyptians abroad
•  Egyptian T-bill yields rise, signals possible interest rate hike

Ghana

•  'Cedi to depreciate by 15% in 2016' - InvestCorp
•  Banks record losses in 2015

Kenya

•  Kenya's KenGen confident its planned 80-MW wind farm will go ahead
•  Kenya's KCB Group says to raise tier two capital this year
•  Uchumi records Sh1bn pre-tax loss in six months amid declining sales
•  Kenya's NIC Bank 2015 profit rises despite bad debt provisions
•  South Sudan turmoil takes toll on CFC profits
•  Kenya's inflation falls, may pave way for easing of rates
•  Kenya private sector activity edged down in Feb

Malawi

•  Malawi officials to lose perks as aid freeze hits budget

Mauritius

•  Mauritius offers a 15-year bond worth 1.5 bln rupees

Nigeria

•  Zenith Bank Takes Lead in Forex Allocation from CBN
•  Unilever, Guinness hit by dollar shortage
•  South Africa's Clover says will no longer invest in Nigeria
•  Dangote Cement Records N181bn Profit, Declares N8.00 Per Share Dividend
•  UBA Group Appoints New Managing Director
•  Nigerian market lifted by Dangote Cement
•  MTN sets aside $600 mln for Nigeria fine, FY profit drops
•  Nigerian state audit saves $11 million after non-existent workers removed
•  Value of Mobile Money Transactions Rises to N40bn Monthly
•  Money market remains flat as N330b treasury bill maturity rolls back
•  Nigeria dollar reserves fell to $27.8 bln by Feb 25
•  Nigeria to pass revised 2016 budget on March 17
•  Nigeria may reduce $38/barrel budget oil benchmark if prices fall further: minister
•  Nigeria's state oil firm to be split into 30 companies: NNPC head

Tanzania

•  Exim retail bond now trading on Dar bourse
•  Swissport shines at Dar stock exchange
•  NMB continues to move closer to people
•  Barclays, NBC seek to combine operations
•  DSE alternative window registers slow progress
•  Shilling seen firming against dollar
•  Shilling on temporary reprieve
•  Treasury bonds oversubscribed

Zambia

•  Mopani earmarks US$1.1m to increase life of its operations
•  Zambia's 2016, 2017 copper output seen flat at 700,000 tonnes
•  Liquidity on local money markets increase
•  Zambia still among biggest growing economies
•  Zambia still among biggest growing economies

Zimbabwe

•  Art profit surges 600%
•  Astra reduces prices by 20%
•  CBZ targets revenue growth
•  Ariston share capital increase approved
•  We are here to stay - Barclays
•  Zimbabwe: Cambria Happy With Zim Investment Prospects
•  CBZ submits $28m NPLs to Zamco
•  Zimbabwe banks face cash crunch, central bank blames distribution problem
•  IMF urges Zim to transform economy
•  Zimbabwe to take over all diamond operations says Mugabe