Weekly African Footprint: August 03, 2012

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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.

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Botswana

•  Botswana’s debt portfolio at BWP 20.5bn
•  Govt spurns offer to raise De Beers stake

Egypt

•  Greece's Piraeus Bank halts sale of Egyptian unit
•  New Government to be announced on Thursday
•  IMF loan talks to resume after summer
•  Stock market extends gains on formation of new govt
•  New Egypt cabinet no quick fix for flailing economy

Ghana

•  HFC Bank to meet minimum capital requirement by September
•  Ghana's SIC says H1 net profit up nearly 16%
•  Bangladesh explores business opportunities in Ghana
•  Ghana growth to slow on sub-par oil production
•  Ghana central bank head named vice president

Kenya

•  KenGen eyes KES 1.1bn income from carbon trade
•  Subsidiaries rake in profits for banks
•  Kenyan CEOs show faith in firms with share purchases
•  Orion in KES 252m talks to revamp ailing pyrethrum industry
•  Mhasibu to list at NSE once it hits KES 1bn in assets
•  Local banks set to post record results this year
•  KQ outsources its low-cost carrier cabin crew function to a third party
•  East African banks lose USD 48.3m to fraud
•  Scangroup grows its market share in first quarter
•  Speculation over results lifts EABL to most traded stock
•  Kenya's British American swings into profit
•  Safaricom staff shun Employee Share Ownership Plan over low share price
•  13 Banks take up Kenya’s syndicated loan
•  Fixed income gains push British American Investment Company back to profitability
•  Bamburi Cement’s H1 profit hit by financing costs
•  National Bank of Kenya’s first-half profit falls 17%
•  Kenya inflation drops to a 17 months low
•  Kenya burse to list in 2013, plans bond index
•  Kenya MPs want minister, central bank governor probed in money printing
•  World Bank approves USD 300m for Kenya’s transport upgrade

Malawi

•  Malawi vows to continue oil-gas exploration

Nigeria

•  Dangote Cement seeks waiver extension on 25% free-float
•  FCMB records NGN 52bn gross earnings, NGN 6.6bn profit in Q2
•  London court orders former CEO to repay Access Bank NGN 164bn
•  Privatisation: 54 investors bid for 11 PHCN’s firms
•  FCMB declares NGN 6.7bn profit at half year
•  Nigerian state oil firm buys Shell onshore block
•  Lafarge WAPCO increases profit by 176% in half year
•  Nigeria's Dangote Sugar nearly doubles H1 profit
•  Nigerian bottler 7UP H1 pretax profit falls 35%
•  Dangote sugar rises first time in week after profit jumps
•  Oando, Honeywell to buy PHCN distribution companies
•  Mobil pretax down by 59%
•  First Bank given go-ahead to restructure
•  CBN faces huge challenge in financial inclusion drive
•  NSE to inaugurate first Islamic index
•  US offers USD 1.5bn to investors in Nigeria
•  Lazy ministers in trouble as ministers begin weekly briefing to president on activities performance
•  CBN reads riot act on placement of funds
•  Naira loses NGN 0.45 against dollar
•  Nigeria to launch wealth fund by end of year, Finance Minister
•  Asset manager, bourse launch Nigeria Islamic index
•  Nigeria to get GBP 300m yearly from UK by 2015
•  Nigeria’s revised oil bill will help boost output, Minister says
•  Nigeria stock index closes near one-year high
•  Falling oil price a concern for Nigeria
•  World Bank extends NGN 32bn infrastructure loan to Nigeria
•  41.3% of the 2012 budget has been implemented - Finance Minister
•  Real estate market in four-year double digit growth
•  Govt to commence digital loading of petroleum products in November
•  CBN revises guidelines for Repurchase transactions

Tanzania

•  Tanzania to tax mining firms 30%
•  Tanzania growth seen at 6.4% in 2012
•  Tanzania cuts retail fuel prices on cheaper crude
•  Tanzania economy grows 7.1% year on year in Q1

Zambia

•  Flexible exchange rates best for Zambia
•  LuSe lifts suspension of trading in Celtel shares
•  First Quantum seeks approval for Zambia smelter
•  TAZARA vital to regional trade
•  Copper and Cobalt output down
•  First Quantum to invest USD 4bn in Zambia

Zimbabwe

•  OK Zimbabwe revenue surges
•  TN Bank share price tumbles
•  RTG boardroom fights escalate
•  Dawn Properties board on firing line
•  Starafrica stuck in the red
•  Potraz to spend USD 21m on 43 new base stations
•  Starafrica sings the blues
•  Zimplats revenue down
•  Royal bank closure
•  BancABC raises USD 50m
•  New Dawn plans Falcon takeover
•  World Bank hails Zimbabwe debt strategy
•  Depressed economy hits taxman
•  Laws impeding foreign investment: EU
•  Gono warns over bank equity transfers
•  Zimbabwe puts squeeze on banks for higher capital
•  Gold deliveries improve in June
•  Treasury Bills on the way