Weekly African Footprint: January 08, 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

•  Letshego enters West Africa

Egypt

•  Egypt's listed firms issue bonus shares to avoid tax on cash dividends
•  Egypt's listed firms issue bonus shares to avoid tax on cash dividends
•  Egypt arrears owed to oil firms rises to $3 billion at end-2015
•  Egypt's 5-year, 10-year treasury bonds rise at auction
•  Egyptian pound steady at official auction and black market
•  Egypt to issue one-year $850 million T-bill

Ghana

•  Ghana to issue 500 mln-cedi ($131 mln) 3-yr domestic bond on Thursday
•  Bank of Ghana pays 24.75 pct yield on 500 mln cedi bond

Kenya

•  Kenyan shilling steady, activity to pick up next week
•  Kenyan shilling steady, seen gaining on NGO dollar sales
•  Kenya private sector activity expands faster in December - PMI
•  Kenyan telecoms regulator accuses government of clipping its powers
•  Kenyan Authority Recommends Lifting of Ban on GM Corn Imports
•  Kenya growth to hit 5.7pc on mega projects

Mauritius

•  Mauritius offers 3-year and 20-year T-bonds worth 3 bln rupees
•  Mauritius inflation at 1.3 percent in December

Nigeria

•  Access Bank Partners Airtel on Smart Savers Initiative
•  MTN Acquires Visafone in Landmark Industry Deal
•  Vitafoam Nigeria to Pay N248m in Dividends for 2015
•  Naira drops to 263/dollar, forex market resumes today
•  FG records N520bn shortfall in tax revenue
•  IMF head visits Nigeria as president seeks way out of economic crisis
•  IMF's Lagarde Says Nigeria Needs Flexibility in Monetary Policy
•  Naira falls to 267.5 as dollar demand rises
•  Nigeria's crude oil export dips by N4.4trn in 9 months
•  Pressure Mounts for Nigeria Naira Devaluation on Oil Plunge
•  CBN Sells N136bn Treasury Bills

Tanzania

•  CBN Sells N136bn Treasury Bills
•  Bank M registers all-time high profit
•  Banking sector swims in safe waters
•  Zanzibar current account deficit widens
•  Tanzania Plans to List 49 Percent of Power Utility This Year
•  Dar to maintain 7.0 per cent economic growth in 2016
•  Insurance sector records substantial growth, assets swell to 600bn/-

Zambia

•  Zambian president reverses decision to hike electricity tariffs
•  Zambia to hold presidential, parliamentary votes on Aug. 11

Zimbabwe

•  RTG online platform boosts tourism growth
•  Vast Resources secures $7mln from US fund
•  Caledonia sets Blanket Mine 17pc output target
•  Ariston profit after tax up
•  Govt to float infrastructure bond
•  New indigenisation framework unveiled
•  Zimbabwe stock market cap shed $1.3 bln in 2015, seen subdued this year
•  Eskom signs agreement to sell power to Zimbabwe
•  Zim, China city ink investment deal
•  Banking sector profits shoot up to $86mln over nine months
•  Yuan adoption to ease liquidity crisis says Oxford research firm