Weekly African Footprint: April 12, 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.

Egypt

•  EU’s Ashton seeks consensus in Egypt on economy and reform
•  Egypt scraps tax on dividends, investment gains
•  Egypt expects to agree with Qatar on gas imports
•  Egypt’s urban consumer inflation eases to 7.6% in March
•  Libya gives Egypt $2bn interest-free loan
•  Egypt debts to oil firms highlight subsidies struggle
•  Egypt to hold more talks with IMF on loan next week

Ghana

•  Mahama negotiates for regular supply of crude to TOR
•  Ghana Gas project is 33% complete
•  Mining sector gives Ghana USD 2bn annually
•  Ghana revises economic growth to 7.9% for 2012
•  Ghana's new central bank chief vows to vigorously tackle inflation

Kenya

•  Kenya’s Nakumatt Seeks $50 Million for New Africa Store Openings
•  Kenya's KenolKobil says suffers 9bln shilling loss in 2012
•  Kenya Airways Will Start Low-Cost Unit as Growth Plan Slows
•  KenolKobil’s share price hits 15-month low
•  KCB plans first entry into Ethiopia, Somalia
•  NIC Bank lines up Sh608m for Dar subsidiary
•  Kenya's Housing Finance eyes more funding
•  Kenyan retailer Uchumi eyes Rwanda, South Sudan
•  Kenyan shilling firms before Kenyatta's inauguration
•  Kenyan shilling hits 7-month high after Kenyatta takes office
•  Kenya says Chinese firm wins first tender for Lamu port project

Malawi

•  Malawi sees annual inflation at 18 percent: Finance Minister
•  Malawi grants Canada mineral exploration licence

Maurtius

•  Mauritius GDP growth seen rising to 4.4 pct in 2014: IMF
•  Mauritius Tourist Arrivals Increase From Asian, African Markets

Nigeria

•  Diamond Bank Plans to Raise $750 Million for Expansion, CFO Says
•  Nigeria's Access Bank sees ROE rising to 22 pct
•  Nigeria's Wema Bank gets nod to place 35bn naira shares
•  ETI targets 15% revenue growth in 2013
•  Diamond Bank Shares Recover on Positive Q1 Results
•  Analysts forecast 8.7% inflation in March
•  Barclays adds Nigerian Bonds to Emerging Market Index
•  Nigerian naira rises on NNPC, oil firms' dollar sales
•  Naira rises on NNPC, oil firms’ dollar sales
•  Banks to cut lending rates for MSMEs
•  Banks, Shell seal pact on N790b contract financing deal
•  Top investment banks seek to join Nigeria bourse

Tanzania

•  Tanzania March inflation falls to single digits

Zambia

•  Gemfields says Zambia’s bann on selling gemstones abroad may hurt revenue
•  Zambia’s Kwacha May Weaken Up to 5% Over 12 Months, Bank Says
•  Zambia seeks Chinese deal to revive rail
•  Maize export ban reversed

Zimbabwe

•  Trust Bank in trouble
•  USD 25m facelift for TM Supermarkets
•  TA Holdings profit declines
•  Blanket Mine Q1 gold output up
•  NMBZ seals US$16m deal
•  ZSE-Listed companies under scrutiny
•  Zimbabwe growth puzzles critics
•  Govt approves ethanol blend E85
•  SECZ orders transfer of unregistered shares
•  India keen on Zimbabwe’s iron ore
•  Victoria Falls airport set for US$200m upgrade