Weekly African Footprint: November 11, 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.

Egypt

•  National Bank of Egypt says new certificates of deposit have brought in 30 bln Egyptian pounds
•  Newly floated Egyptian pound moves little as interbank trading begins
•  Egypt delays third LNG terminal until electricity needs determined –official
•  Saudi Aramco to halt petroleum product shipment to Egypt "until further notice": Egyptian official
•  Egypt expects long-awaited IMF funds next week as currency slides
•  Egypt's annual urban consumer price inflation eases to 13.6 pct in Oct-CAPMAS
•  Egypt's newly floated pound strengthens as funds begin to flow
•  IMF says Egypt to get $2.75 bln on Friday if board approves bailout

Ghana

•  Ghana's cocoa purchases totalled 200,000 tonnes in October
•  Ghana consumer inflation falls to 15.8 pct in October
•  Ghana raises $110 mln via first 10-year domestic bond

Kenya

•  Kenyan income drives KCB Group's 18 percent profit rise
•  Global broker Securities Africa opens Kenya office
•  Kenya shilling firm, central bank tells dealers will help as needed
•  Court asks CBK to meet Imperial Bank owners
•  Credit Bank, CPF ink deal to offer mobile-pension plan
•  Kenyan share trading set to move towards same-day settlement
•  Kenya targets roasting coffee beans to lift earnings

Mauritius

•  Air Mauritius Q2 pretax profit more than doubles
•  Mauritius central bank holds benchmark rate at 4.0 pct
•  Mauritius tourist arrivals jump 19.6 pct year/year in October

Nigeria

•  Skye Bank Set to Dispose Foreign Subsidiaries to Ease Pressure on Capital
•  Dangote, Duke lament difficult intra- African trade
•  Fidelity Bank Restates Commitment to Economic Development
•  Moody’s Assigns National Scale Ratings to Seven Nigerian Banks
•  Nigeria Population at 182 Million, With Widening Youth Bulge
•  W’Bank disburses $7.24bn to Nigeria in five years
•  Nigerian security agents raid black market FX dealers to stop slide of naira
•  Buhari to launch economic recovery plan next month

Tanzania

•  Twiga Bancorp restart work
•  Tanzania tops Africa in financial inclusion drive
•  Tourism seen booming in Zanzibar
•  Dar mulls adding Tanzanite in foreign reserves

Zambia

•  First Quantum keen to grow local businesses
•  Zambia starts exporting 100,000 tonnes white maize to Malawi

Zimbabwe

•  National Foods volumes up 11pct in Q1
•  Delta H1 revenue down 8pct, fails to remit $30mln in dividends
•  Delta, Econet cry foul over foreign payment delays
•  Zimbabwe Business Lobby Urges Switch to Rand as Primary Currency
•  Month-on-month family basket falls by $1,76
•  Cash transactions down 8pct as cash shortages intensify – RBZ data
•  Zimbabwe’s Biggest Coal Miner Gets Orders for Fuel From Europe
•  Chinamasa seeks informal sector tax