Weekly African Footprint: November 18, 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 identifies buyer for ailing Chinese-built power plant
•  Botswana rebases consumer inflation index, changes product basket

Egypt

•  Orange Egypt completes payment for 4G mobile licence
•  Egyptian stocks rise further following IMF loan approval
•  Egypt c.bank gov says $1.4 bln sold to banks since pound floated -Al Mal
•  Egypt targets budget deficit of 8.5-9.5 pct of GDP for 2017-18 -fin min
•  Egyptian cotton concerns tip Welspun India into loss
•  Egyptian pound strengthens as dollar liquidity increases
•  IMF's Egypt loan shows extent and risks of its Middle East role
•  Egypt c.bank keeps key interest rates unchanged at MPC meeting

Ghana

•  AngloGold says fewer illegal miners at Ghana mine
•  Ashanti ECG loses 14% in revenue due to illegal connections
•  Mobile Money records 420% growth in 5 years
•  Public debt to reduce to 40% of GDP by 2021 – Mahama
•  Ghana and France trade exceeds €1 billion
•  Wage bill to reduce to 40% - Mahama
•  Ghana signs 40.82 million Euro 12MW solar plant deal

Kenya

•  Barclays Kenya's nine-month profit drops 4 pct
•  Bamburi adopts 'zero residue' waste management
•  Kenyan shilling steady, seen easing on corporate demand

Mauritius

•  Mauritius sugar producer Alteo Q1 pretax profit surges 88 pct
•  Mauritian lender MCB posts 8 pct rise in first-quarter pretax profit

Nigeria

•  AshakaCem to Delist from NSE over Free Float Deficiency
•  Nigeria's Arik Air reduces domestic flights due to fuel shortages
•  Nigeria short lists banks for Eurobond sale, no final decision yet-official
•  Nigerian inflation rises to 18.3 percent in October
•  Investments in Nigeria’s oil sector decline to N78b
•  World Bank support for Nigeria’s agriculture development hits $600m
•  ‘Grain shortage looms nationwide amid export of surplus harvest’
•  EU seeks stronger economic ties with Nigeria
•  NSE Market Capitalisation Falls to N8.9trn on Continuing Bear Run
•  Federation account: FG recovers N4.2bn from collecting banks
•  Nigeria reaches a deal to pay $5.1 billion in unpaid bills to oil majors: minister
•  Nigeria raises 39 bln naira from new bonds, far short of target

Tanzania

•  DSE Q3 net profit rises after self-listing
•  Current account deficit drops as exports soar
•  11trn/- needed for copper processing plant

Zambia

•  First Quantum Faces $1.4 Billion Claim From Zambian Firm
•  Stanchart injects K2.8 bn in economy
•  Zambia's central bank leaves benchmark lending rate at 15.5 percent
•  $90 million invested in edible oil production
•  Central bank backs fuel purchase stance

Zimbabwe

•  PPC commissions $85mln cement plant, targets exports
•  Colcom says revenue, sales higher in Q1
•  Caledonia PAT up 19 pct to $1,8 million on increased production
•  South African retailer Spar Group pulls out of Zimbabwe
•  N himbe secures $2,5m for loan horticulture
•  Star Africa falls under quasi-state control after debt deal
•  Coca-Cola in talks with potential new bottling partners
•  IMF lifts censures against Zimbabwe but new loan hurdles remain
•  Zimbabwe's October consumer prices fall 0.95 percent y/y
•  Rand only solution to Zim’s cash problems
•  Volume of financial transactions dips amid cash woes, RBZ data shows
•  EU gives Zim additional $8,4mln in drought relief
•  U.N. says Zimbabwe drought relief funding deficit at $140 million
•  IFAD resumes funding Zimbabwe, approves $26 mln for irrigation suppor
•  ‘Bond notes introduction threatening FDIs’