Weekly African Footprint: April 05 , 2013

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 GDP growth at 1.3% q/q in Q4 2012

Egypt

•  Hermes makes Q4 loss of 21 mln Egy pounds
•  IMF could change size of $4.8 bln Egypt loan -official
•  Egypt lifts cooking gas price before IMF visit
•  Egyptian central bank offers $40 mln at Monday forex auction
•  Egypt aims to remove subsidies on basics in 3-5 years - minister
•  Egypt plans to impose tax on bank loans

Kenya

•  Helios makes U-turn on Equity Bank exit
•  National Bank mulls first rights issue since listing
•  Total Kenya posts 2012 pretax loss
•  Kenya looks for economic peace dividend after calm vote

Malawi

•  Malawi inflation quickens to 37.9 pct y/y in February

Nigeria

•  First Bank Launches ‘Expression on Cards’
•  Nigerian Deepwater Oilfields to Generate $66bn Investments
•  Zenith Bank full-year pre-tax profit up 51%
•  Nigeria's Access Bank 2012 pre-tax profit up 86 pct
•  Nigeria's Sterling Bank 2012 pretax profit up 33 pct
•  Petrobras—no decision on sale of Nigeria assets
•  GT Bank’s profit before tax hits NGN 103bn
•  AMCON to stop buying bad loans
•  Investors advised to embrace e-dividends
•  Nigeria, Turkey target USD 560bn bilateral trade

Zambia

•  Lafarge predicts high cement demand
•  Puma Energy invests KR24.74m
•  Bata records significant growth in profit
•  Sata signs BoZ Bill
•  Govt reviving zinc mine in Kabwe, says Musukwa
•  Zambia’s metal exports drop
•  Zambia growing fast - Ernst & Young
•  Zambia grills ex-leader over land deal

Zimbabwe

•  Implats objects to Zimbabwe plan to seize mining claims
•  Banket Mine pays USD 4m dividend
•  Barclays profit up
•  Agricultural bank exposed
•  RTG eyes growth
•  Telecel under fire
•  Chrome export ban to go
•  Zim-SA trade deficit tops USD 530m
•  ‘Recapitalisation reprieve’ will not be celebrated
•  RBZ: Imports undermine economy’s recovery
•  Zimbabwe’s FDI grows