Weekly African Footprint: April 19 , 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 inflation edges up to 7.6 percent y/y in March

Egypt

•  Egyptian Electricity Holdings seeks USD 1bn loan to fund power plants
•  Egypt sells USD 600m to import basic goods
•  Egypt-IMF talks "haven't failed": presidency

Ghana

•  StanChart Ghana to offer dividend of 0.47 cedis per share
•  Mining companies not happy with high taxes

Kenya

•  Deacons gets not to partner with Woolworths Mauritius
•  KQ cashes in on Africa cargo business
•  Kenya Power to spend Sh100bn on network upgrade
•  Lower taxes to stimulate sugar sector
•  Kenya tea prices slip at latest auction
•  IMF calls for raft of measures to keep pace of growth robust

Malawi

•  Malawi sees maize surplus this year

Maurtius

•  Mauritius to re-open 5-year Treasury bond

Nigeria

•  Skye Bank posts NGN 12.64bn profit
•  Fidelity Bank’s profit soars by 239% to NGN 18bn
•  Insurance industry recorded NGNG 300bn premium income in 2012
•  GTBank records NGN 784bn loans and advances
•  Dangote Group Seeks $3.5 Billion Loan to Build Refinery
•  Nigeria's Oando close to financing Conoco deal: CEO
•  Nigeria regulator says lifts capital market ban on Ecobank
•  Nigeria Sees Strong Investor Interest in 10 Power Plants
•  Only 20% of Nigeria’s population in banking system: KPMG
•  Nigeria oil output slips as Shell shuts key pipeline
•  Nigeria's headline inflation falls to five-year low
•  FG will use oil savings to protect economy : Finance Minister
•  Nigeria’s trade balance rises to USD 11.42bn

Zambia

•  First Quantum copper output to hit 700,000mt
•  Mopani 5yr revenue plan soars to USD 4bn
•  First Quantum Minerals offers Zesco USD 250m finance
•  Construction industry growing
•  Tobacco production increase

Zimbabwe

•  RioZim, banks close ranks
•  Lifestyle Holdings introduce TN Virtual Mart
•  Pioneer posts $500k loss
•  Rescue plan for David Whitehead
•  Delta volumes stagnate
•  Murowa Mine's diamond production decreases
•  Bindura resumes exports
•  Cambria upbeat about Zim investments
•  Zimbabwe misses revenue target
•  Zimbabwe pays external debts
•  Inflation slows to 2.76 percent in March
•  Winter wheat crop preparations lag
•  Zimbabwe gold deliveries decline
•  Grain reserves depleted