Weekly African Footprint: August 14, 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.

Egypt

•  Telecom Egypt posts Q2 2015 net profit of $48.3 million
•  Egypt's GB Auto 2nd-qtr profit falls on soft markets, currency
•  Orascom Telecom Q2 net profit up slightly at 354 mln Egyptian pounds
•  Egypt's urban consumer inflation drops to 8.4 pct in July
•  Egypt Brief - 26.3 pct of unemployment rate among young people in 2014: CAPMAS

Ghana

•  Tullow Cuts Crude Production
•  BoG announces new monetary policy measures
•  Ghana 91-day bill yield rises to 25.215 pct
•  Ghana Yields Drive Stocks to Longest Losing Streak on Record
•  Government To Issue GHC500 Million Bond In August
•  Ghana Credit-Rating Upgrade Is a Long-Term Goal, Terkper Says
•  Ghana to Narrow Fiscal Gap More Than Expected, Mahama Says
•  Ghana appoints Mitsui & Co as key partner for gas production

Kenya

•  Kenya's KenolKobil H1 2015 pretax profit rises up 69 percent
•  Barclays unveils Sh30bn credit line for SMEs
•  Kenya's Kakuzi H1 pretax profit falls 16 pct on poor fruit harvest
•  Kenya Power signs deals to buy 76 MW of electricity
•  Kenyan tea firm Sasini to pay interim dividend after land sale
•  Barclays Kenya's profit rises 5 pct to 6.43 bln shillings
•  Kenya's Diamond Trust Bank's first-half profit rises 14 pct
•  Kenyan central bank looks to mop up 17 billion shillings
•  Kenya's first oil export expected in October 2022

Mauritius

•  Air Mauritius' pretax loss widens in Q1 on weaker euro

Nigeria

•  Transcorp to merge power subsidiaries
•  Stanbic IBTC shareholders approve new dividend option
•  Dangote Cement Declares N121.8bn Half-year Profit
•  Etisalat, Africa's IHS in Nigeria tower sale/leaseback deal
•  Nigeria Skye Bank in talks to raise 30 bln naira before year-end
•  Wapic Insurance Announces N4bn Gross Premium in Six Months
•  Flour Mills of Nigeria to list 30.1 bln naira rights issue
•  Nigeria's Zenith Bank H1 profit up, pays dividend
•  Nigeria's new oil chief announces restructuring, audit
•  Flour Mills to Merge Subsidiaries with Holding Company
•  Nigeria's Buhari shakes up state payments system in anti-graft drive
•  Nigeria to introduce new rules to stop tax evasion
•  Nigerian Inflation Halts 7-Month Acceleration to Stay at 9.2%

Tanzania

•  NMB reaps over 100bn/- in profit
•  Tanzania to invest $380 mln over eight years in cash-starved farm sector
•  Tanzania inflation at 6.4 pct yr/yr in July
•  Tanzania Q1 2015 GDP growth slows on core industry slump
•  Tanzania's current account deficit narrows 23 pct in year to June

Zambia

•  Zambia's central bank keeps key rate unchanged at 12.5 pct
•  Zambia power firms to reduce supply to mines by 30 percent

Zimbabwe

•  Mimosa revenue rises to $272mln on record production, platinum miners get Zimbabwe tax reprieve
•  SeedCo collects $16mln debt, revenue up 11pct in FY
•  Starafrica welcomes duty on sugar imports
•  Tetrad Investment Bank up for sale
•  Zimbabwe suspends platinum export tax -state-owned paper
•  Govt, parastatal bonds to be listed on ZSE