Weekly African Footprint: May 02 , 2014

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

•  Beltone Financial granted Egypt's first ETF licence
•  Egypt's Arabian Cement to announce IPO price on May 10
•  Egypt's central bank keeps key rates unchanged
•  Egypt sees deficit at 14-14.5 pct of GDP next fiscal year if no reforms implemented

Ghana

•  Prudential Sees Ghana Acquisition Profitable by Fourth Year
•  Ecobank Ghana says Q1 2014 net profit up 97.7 pct

Kenya

•  Kenya's Reinsurance reports 11 pct rise in pretax profit
•  Tullow, Africa Oil to submit Kenyan development plans in 2015
•  Kenya's Scangroup sees pretax profit edge lower in 2013
•  Equity takes first East Africa banking crown
•  Kenya's economy grew 4.7 pct in 2013: minister
•  Kenya inflation creeps up to 6.41 pct in year to April
•  Kenyan shilling steady, may firm next week

Malawi

•  Malawi central bank leaves rates unchanged at 25 percent

Mauritius

•  Mauritius Leaves Key Lending Rate Unchanged as Inflation Slows

Nigeria

•  Mobil Nigeria Q1 profit up fourfold to 4.74bn naira
•  Lafarge Nigerian unit says Q1 profit up 20 pct
•  Nigeria's Unilever says Q1 profit down 46 pct
•  Skye Bank Nets N16.2bn Income in First Quarter
•  FBN Holdings Records N70bn Profit, to Pay N1.10 Dividend
•  UBA Capital Grows Profit by 106% to N1.8bn
•  Access Bank’s shareholders approve plan to raise $1bn fresh capital
•  Ecobank’s 2013 profit fell by 48%
•  Oando Extends Completion Date for Acquisition of ConocoPhillips’ Nigerian Assets
•  Nestle Nigeria to reach into villages with vans

Tanzania

•  World Bank okays $300m to open up EA central corridor
•  Tanzanians start own Sh480bn equity fund

Zimbabwe

•  TA Holdings posts $5.6m loss

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833
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