Weekly African Footprint: November 13, 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 August trade balance slips to $159 mln deficit y/y

Egypt

•  Egyptian shareholder in "constructive" talks with Adidas
•  Egypt's Commercial International Bank Q3 net profit up 37 percent
•  Egypt's GB Auto posts Q3 net profit of $13.10 mln
•  Sale of Egypt's Beltone Financial gets 97.3 pct shareholder acceptance
•  Egypt's urban consumer inflation rises to 9.7 pct in October
•  Egypt strengthens currency amid disruptive dollar shortage

Ghana

•  Ghana Oct consumer inflation unchanged at 17.4 pct yr/yr
•  IMF Straitjacket Gives Ghana Little Room for Election Budget

Kenya

•  Kenya's KenGen board backs rights issue, seeks shareholder approval
•  Kenya's Centum posts 75 pct rise in H1 pre-tax profit
•  Kenya Airways H1 pretax loss narrows slightly, lower fuel costs help
•  Central Bank to adopt a tough regulation mode
•  IMF warns over high loan rates
•  Kenya's tea production drops 14 pct in nine months to September
•  Kenya's shilling steady, corporate demand for dollars picks up
•  Kenya central bank mulls tougher penalties for rogue banks

Mauritius

•  State Bank of Mauritius nine-month pretax profit drops 40 pct
•  Mauritius lowers key repo rate to 4.40 pct, cuts growth forecast

Nigeria

•  MTN Group CEO resigns amid $5.2 bln Nigerian Fine
•  Nigeria's Stanbic IBTC cuts 2015 loan growth forecast to 3 pct
•  Skye Bank in Talks with CBN, Seeks Review of N4bn Fine
•  S&P Upgrades Ecobank Nigeria to 'Stable', with 'B /B' Ratings
•  Access Infra Africa signs plan for $100 mln Nigerian solar plant
•  FCMB Assures Customers of Export Trade Finance
•  Nestle Re-launches Milo with Activ-Go
•  NAFDAC fines Guinness N1bn for infractions
•  Fidelity Bank to Upgrade Core Banking Software
•  FMDQ OTC Securities Exchange Admits N17.7bn NB Plc Commercial Paper
•  Nigeria proposes 2016 budget of 7 to 8 trillion naira - vice presidency document
•  Barclays cuts Nigeria from EM local bond index as of February
•  Nigeria says cocoa crop to rise after late rains reverse forecast
•  Bond Yields Fall Sharply as CBN Eases Liquidity
•  Nigeria's Buhari names banker as finance minister, swears in cabinet
•  Nigeria aims to pass amended petroleum industry bill

Tanzania

•  TBL shares continue to shine at Dar bourse
•  Yetu Microfinance initial public offer subscribed 50 per cent
•  Tight liquidity hurts demand for short-term bills
•  Tanzania inflation nudges up to 6.3 pct in year to October
•  Tanzania's energy regulator cuts petrol price, raises diesel
•  Shilling gains in last ten days

Zambia

•  Zambia Invites IMF for Talks as Kwacha Extends Record Rout
•  Zambia's Proposed Power Prices Seen Devastating Factories, Farms
•  IMF team in Zambia to review economy as kwacha slides
•  Zambia union opposes Glencore's planned job cuts
•  Vedanta's Zambian unit says copper mine "unsustainable"
•  Zambia hikes overnight lending rate, kwacha rallies

Zimbabwe

•  Lafarge keeps abreast with international standards
•  Simbisa debuts on ZSE
•  Border Timbers narrows loss
•  Cairns exits judicial management
•  Zim rakes in $543m tobacco exports
•  Telecel granted licence to receive international remittances
•  Rival imports hit Delta H1 earnings, PAT falls 19pct to $35,7mln
•  OK Zimbabwe's H1 PAT falls 72pct as liquidity tightens
•  Higher gold output boost Caledonia Q3 profit 55pct to $1,7mln
•  Zimbabwe gets $15mln irrigation grant from Japan
•  Zimbabwe Signs Agreement to Ship Crocodile, Zebra Meat to Italy
•  U.S $38 Million Required to Boost Asbestos Mining
•  National Budget Set for 26th This Month