Weekly African Footprint: August 10, 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

•  G4S and Shield saga rages on
•  BancABC eyes another BWP 750m war chest
•  Botswana still top diamond producer by Value

Egypt

•  Vodafone Egypt nets EGP 2.9bn during Q2
•  IMF Mission to discuss loans in Egypt this month
•  Mobile subscriptions up 22%
•  Yields on Egyptian 91-day T-bills edge down
•  Foreign reserves resume decline in July
•  Arab unrest boots Egyptian white sugar exports
•  Suez Canal revenue up 4% to USD 433m in July
•  Inflation reaches 6 year low in July

Ghana

•  MTN Ghana H1 revenue up 22%, data revenue up 193%
•  Government will tame inflation - President Mahama
•  Cedi is making steady recovery - Governor

Kenya

•  Safaricom saves billions in new deal with Vodafone
•  NIC shares drop as register closes ahead of rights issue
•  Bamburi profit dips as industry costs shoot up
•  Sasini issues full-year profit warning
•  KQ plans to shed staff to cut costs
•  K-Rep Bank profit rises 25% on back of loan income
•  KCB puts shareholders on notice over dividends
•  Deacons, Woolworths now plan joint venture
•  Kenya Re targets cover for oil industry in East Africa
•  Barclays pretax profit jumps18%
•  Top CMC directors found to have signed sham accounts
•  Ad fees raise Scangroup’s profit 9%
•  Merger to delay Deacons’ listing at NSE
•  Nation Media increases interim dividend payout
•  Kenya Power gets USD 200m from World Bank for grid
•  Regulator may block Eveready boss’ new term
•  Access Kenya records 10% increase in profit after tax
•  Co-op Bank in KES 1.2bn South Sudan venture
•  SCB H1 profit surges
•  Kenya Reinsurance H1 pre-tax profit rises 40%
•  Falling interest rates expose shilling to swings
•  World Bank to give tea agency KES 1bn loan
•  Bank agent transactions hit KES 105bn in seven months
•  Kenya ranked Africa’s third largest beer market
•  Fitch raises red flag over growing public debt load
•  Kenya raises 2012 output forecast

Maurtius

•  Inflation rate falls to 4.9% in July
•  Mauritius to cut 2012 GDP growth forecast from 3.8%

Morocco

•  Morocco may sell USD 1bn sovereign bond in October

Namibia

•  July CPI accelerates to 6% y/y

Nigeria

•  Dangote Cements South African plant to begin production in 2013
•  Improved operational efficiency fuels Total’s growth amid subsidy hiccup
•  NSE rejects 12 firms’ unaudited accounts
•  First Bank begins multilingual, 24/7 customer service
•  Africa's Ecobank to double Nigeria profit next yr
•  Dangote Cement grows revenue with increased local production
•  Conoil acquires world-class aviation fuel bowsers
•  Nigerian banks cheap as valuations trail earnings
•  Diamond Bank gets USD 70m IFC’s convertible land
•  Airtel invests NGN 187bn in 3 years, rakes 20m customers
•  UBA advocates ethical banking
•  Nigeria to discuss revival of oil facility with Jamaica
•  CBN tightens requirements for bank account update
•  CBN to withdraw NGN 142bn from circulation
•  Nigeria's oil law is test for Jonathan presidency
•  SEC's dematerialisation deadline unrealistic - ICMR
•  AMCON seek Citi advise on bank sell-off
•  Nigeria partners Brazil on infrastructure development
•  Nigeria loses NGN 1tn annually to raw material import
•  Govt unveils NGN 4.929tn budget for 2013
•  Nigeria overnight rate hits 2-year high at 35%
•  Nigeria risks falling back to pre-2006 external debt position
•  W’Bank, others list obstacles to business growth in Nigeria
•  Nigeria auctions USD 1.1bn in T-bills, tightens liquidity
•  Nigeria ratings agency upgrades banks on stable outlook
•  Liquidated DMBs, MFBs: NDIC commences inspection of agent banks

Tanzania

•  DSE to Adopt New Regional Trading Reforms
•  CRDB share price hits historical low

Zambia

•  Zambia’s mining tax rate highest in region
•  First Quantum to develop new Zambia mine with locals
•  Investrust launches InvestMobile
•  Zambia Sugar outshines at the show
•  Windmill plans to expand in Zambia
•  BoZ to announce launch date for new notes v •  Zambia is safe for investors and their investment
•  International reserves rise to USD 2.3bn

Zimbabwe

•  Zimplow eyes Tractive Power takeover
•  Afreximbank raises Zimbabwe borrowing limit
•  ZB seeks USD 100m
•  RBZ governor takes on ailing banks
•  Zimbabwe Stock Exchange CEO’s case drags on
•  Zimplats lends ZESA USD 25m
•  ADC raises BancABC stake
•  RioZim narrows loss after adjustments
•  Malawian Kwacha devaluation hurts Dairibord
•  CBZ earnings up 34%
•  Govt issues permit for USD 100m mall of Zimbabwe
•  Marginal decrease for consumer basket
•  UAE top buyer of Zim gems
•  Expedite new debt strategy, says Gono
•  Tanzanian airline launches Zimbabwe services
•  Gono faces parliament investigation
•  Mobile phone firms to share equipment
•  Errant bankers face arrest