Weekly African Footprint: May 08 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

•  Botswanas Choppies to list on JSE

Egypt

•  Orascom, Bombardier to build $1.5 bln monorail in Egypt
•  Egypt's GB Auto says shareholders take up $125.8 mln cash call
•  Egypt's GASC seeks wheat for June shipment
•  Egypt to attract 20 pct more tourists this year
•  Egypt issues tender for second LNG import terminal
•  Egypt has bought 1.6 mln tonnes of local wheat so far
•  World Bank lends Egypt $500 mln for social housing project
•  Egypt's 9-month budget deficit 9.4 pct of GDP -finance ministry

Ghana

•  Ecobank scales up agric credit
•  Cocoa rallies on Ghana supply concerns, white sugar falls
•  T-bills rate slide persists

Kenya

•  KQ now seeks rich partner, ditches Dreamliners
•  High operating costs hurt Crown Paints net profit
•  Kenya's Nation Media names East African Breweries exec as CEO
•  Kenya's KCB group says Q1 pretax profit up on higher interest income
•  Kenya's Safaricom plans network expansion after earnings rise
•  NSE ranked second-best exchange in Africa despite foreign investor outflow
•  Kenya to get Sh3.5bn loan from World Bank
•  Kenyan shilling falls, central bank targets speculators
•  Kenya's central bank holds benchmark lending rate
•  Kenya regulator opens takaful market to conventional insurers
•  Foreign firms told to cede 30 pc stake of contract value

Malawi

•  Malawi Economy to Grow 5.4% After Floods, Mutharika Says

Nigeria

•  Transcorp announces N2.57bn pre-tax profit for Q1
•  Dangote Sugar Records N22bn Revenue in First Quarter
•  Dangote Cement Expends N217bn Pan-African Expansion
•  Unilever Begins New Edition of Knorr Taste Quest
•  Nigeria's Dangote Cement to start production in Tanzania
•  AshakaCem Shareholders Approve 45kobo Dividend
•  Shell declares force majeure on Nigeria's Forcados crude exports
•  Fidelity Bank Targets 10% Loan Growth in 2015
•  Access Bank to Deepen Retail Banking Reach
•  Nigerian Breweries Pays N126bn Dividend in Five Years
•  Nigeria to sell N60bn in bonds on May 13
•  Nigeria gobbles up half its annual borrowing allowance
•  Nigeria slashes fuel subsidy following oil price slide

Tanzania

•  CRDB mulls rights issue to fund expansion
•  Vodacom Tanzania Plans $100 Million Expansion in Rural Areas
•  DSE market turnover drops significantly
•  Shilling depreciation hurts Dar bourse
•  DSE trading to go digital next month
•  Tanzania raises petrol, diesel prices, cuts kerosene

Zambia

•  Engineering Institution of Zambia Properties to list on LuSE
•  Pamodzi Hotel opts out of LuSE

Zimbabwe

•  Zimplats profit up 133pc to $6,8m
•  CFI Holdings operating loss widens
•  RioZim Seeks Partnerships for $2.1 Billion Zimbabwe Power Plant
•  RioZim awaits rights issue approval
•  Mwana Africas largest shareholder reduces stake amid legal dispute
•  Econet launches EcoCash Savings Club, looks to offer smarter way to save
•  ZSE performance depressed
•  Zimbabwe to import 700,000 tonnes of maize after poor harvest
•  ZDTC unveils $10 million equipment from India
•  Mining sector owes CSOT $138 million