Weekly African Footprint: April 06, 2012

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Botswana

•  Mining slowdown hits Botswana GDP hard

Egypt

•  Egypt's Ezz El-Dekheila see 'historic' results in revolution year
•  El-Sewedy net income falls 34% in 2011
•  Egypt says no IMF agreement until June
•  Egypt foreign reserves fall USD 660.6m in March

Ghana

•  MTN subscribers to hit 11,000,000 by the close of 2012
•  Cost savings boost Barclays’ profits
•  Newmont pays GHS 241m as tax in 2011
•  UT Bank of Ghana Sees 70% Profit Growth as IFC Gives USD 15m
•  UBA Ghana record USD 17.7m profit in 2011
•  PBC Pays Shareholders GHS 8m
•  Ghana seeks USD 55m from World Bank to finance two projects
•  Ghana signs EUR 82.2m loan agreement with Societe-Generale for energy sector

Kenya

•  African Queen closes second tranche, raises USD 702,900
•  Kenya Kakuzi Ltd FY 2011 pretax profit jumps
•  General Electric to supply KQ aircraft engines
•  EABL ups ante in the market with launch of lifestyle beer
•  Kenya's KenGen seals final deal for geothermal plants
•  CBK moves to secure mobile money transfers from hackers
•  Kenyan central bank in market for USD 120m in repos
•  CBK retains key benchmark rate at 18% for fourth time running

Malawi

•  IMF tells Malawi to cut spending, devalue currency

Maurtius

•  Mauritius business confidence hurt in Q1

Morocco

•  Morocco royal holding's net surges 50% in 2011
•  Morocco's cereals crop may fall to 3m t

Namibia

•  Namibia's economy forecast to grow 4.4%

Nigeria

•  Dangote Cement plans London listing-FT
•  Ecobank to pay 0.4 cents dividend
•  NAHcO’s profit after tax declines by 36%
•  Eletrobras to Build Hydro Power Plants in Nigeria
•  Nigeria’s CEOs forecast strong revenue growth in 2012 - PWC
•  Islamic development bank votes NGN 310bn for Nigeria
•  Nigeria's Diamond Bank seeks merger talks, bond issue
•  Stanbic IBTC Declares NGN 11bn Profit
•  Nigeria awards Canadian firm USD 24m power contract
•  Dangote Cement Declares Dividend, Bonus
•  Oil Firms, Telcos Ready to List on NSE
•  Diamond Bank posts NGN 7.5bn profit in first quarter
•  Power Minister, CEOs meet over drop in generation
•  Industry to add 8% to GDP, says Aganga
•  Nigerian 2021 Eurobond Yield Declines to Record Low on Oil Price
•  2012 Budget: Presidency okays USD 72 oil benchmark

Tanzania

•  Kibo acquires Tanzanian energy assets
•  African Barrick raises Nyanzaga project resource estimate
•  Shanta seeks USD 35m to bring Tanzania gold mine into production
•  Tanzania Planning Bourse Section for Small Business Listings
•  Tanzania signs USD 100m loan to boost investments
•  Tanzania raises fuel prices on higher import costs

Zambia

•  Zambezi to Invest USD 494.6m in Copper Mine
•  Zambia to takeover Chinese share in Mulungushi Textiles‎
•  Zambia to phase out mine licence suspension
•  Ten foreign firms bid to supply Zambia oil
•  Foreign holdings of Zambia debt fall to lowest since 2005

Zimbabwe

•  RioZim goes into the red
•  African Sun targets USD 60m turnover
•  Expenses weigh down Trust
•  TN mulls unbundling
•  NMB Holdings plans to increase lines of credit
•  Mwana brings in Chinese partner with share sale
•  Blanket Mine gold output surge
•  New Africa, ReNaissance Securities suspended from ZSE
•  Madison drives BAT volumes
•  Lafarge plans to spend USD 4,5m
•  Metallon Gold plans to restart How South
•  Nestlé to grow Zim market
•  CFI disposes of land for USD 3m
•  Govt to relax gas laws
•  PTA Bank extends USD 83m facilities
•  Government moves to revive textile industry
•  Zimbabwe says reviewing mine fees after industry uproar