Weekly African Footprint: May 15 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 retailer registers Kenya unit ahead of entry

Egypt

•  Egypt's Edita Q1 net profit rises to 59.5 mln Egyptian pounds
•  Egypt's Juhayna says Q1 net income rises 51 pct
•  Egypt's annual core, urban inflation slow in April
•  Egypt's GDP expected at 3 pct in second half of fiscal year: minister
•  Egyptian pound steady at official auction, stronger on black market

Ghana

•  Ecobank Ghana revenue jumps 45% in 2014
•  Securities Depository posts strong results
•  EU partners UniBank to assist SMEs in Ghana
•  Foreign investors cut holdings in local securities
•  Ghana to leave interest rates on hold on Wednesday
•  Ghana Values State Companies for Possible Sale, Terkper Says
•  Surprise Ghana Rate Increase Fails to Stem Cedi Slide to Record

Kenya

•  Kenya Power Receives $10m Loan Facility from UBA
•  Kenya's Equity Bank plans 10-nation Africa expansion
•  Kenyan shilling hits new three-year low, more losses seen
•  Sh7bn set aside to market Kenya and revive tourism
•  Kenya expects to privatise five sugar firms in next 12 months
•  Kenya's central bank says in market to mop up 6 bln shillings

Mauritius

•  Mauritius' Ciel Textile says 9-month pretax profits up 19 pct
•  Mauritius Alteo 9-month pretax profit jumps

Nigeria

•  Fidelity Bank to Raise N30bn through Bond Offer
•  AshakaCem Posts N4.6bn Profit Despite N1.5bn Loss to Insurgency
•  Shell, Seplat, Four Others Shut Down Producing Fields over Vandalism
•  Five Banks Fined N312m in 2014
•  Unilever shareholders okay 10k dividend, lament cost of borrowing
•  Flour Mills Introduces New Product
•  Fidelity Bank offers N700m reward on savings
•  Skye Bank Records N137Billion Gross Earnings
•  CBN May Loosen Forex Trading Restriction Rules
•  Nigerian Equities Market Grows by N11.174 Trillion in 30 Years
•  Nigerias GDP Growth Rate Declines Further to 3.86% in First Quarter
•  Inflation Rate Predicted to Inch Up
•  Nigeria, Kenya get $400,000 seed equity from AFDB

Tanzania

•  CRDBs bank agents mobilise hefty deposits

Zambia

•  Zambeef to exploit DRC market
•  KCM importing copper concentrates
•  Rising copper price to assist Kwacha
•  Foreign firm to inject $71m in mining
•  Portugal eyes Zambian maize
•  Zambia hikes fuel prices by 15 percent: energy regulator
•  Zambia maize output to drop 21 pct - government survey

Zimbabwe

•  Cafca Limited posts increase in profit
•  Caledonia to focus on its primary operation in Zimbabwe
•  Delta records a decrease in liquor
•  Strengthening US$ hits Delta brands
•  Zimplats output down 11pct, Mimosa up 9pct, says Implats
•  Zimbabwe power company mulls selling $1 bln customer debt
•  Non Performing Loans decline
•  Diamond exports fell 34 pct in 2014, official