Weekly African Footprint: February 01, 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

•  Debtswana production falls 12%
•  Peers overtake Botswana in budget transparency

Egypt

•  Egypt's army chief issues warning over collapse of state
•  Egypt pledges to meet wheat needs as turmoil worsens
•  Egypt pounds slides, worries about IMF loan weigh
•  Fitch downgrades Egypt sovereign rating, could cut further
•  Mursi says sees Egypt economy growing 5.5% in 2014
•  Egypt central bank keeps rates on hold
•  Egypt works to finalise policies before IMF return

Ghana

•  Three telecos drop market shares
•  NIC steps-up insurance coverage •  CAL Bank commits to consolidate market performance •  Negotiations Ongoing For Ghana-Turkey Investment Opportunities

Kenya

•  Centum buys 45% stake in a regional micro-lender
•  Middle Eastern oil explorer gives up licence in Kenya
•  Kenya Airways passenger growth slowed in Q3
•  yuMobile reverses off-net tariff to KES
•  Titanim firm likely to make first export later this year
•  Troubled Kenya car retailer CMC swings to year profit
•  Kenya 2013 tea earnings seen beating 2012 record figure
•  Kenya, Uganda seek private investment partner for oil pipeline
•  Nairobi ranked sixth in growth potential index
•  Kenya's top coffee prices rise at latest auction
•  Kenya inflation seen ticking higher in months ahead

Malawi

•  World Bank approves K245bn to support Malawi economic recovery

Maurtius

•  IMF says Mauritius GDP to grow 3.7% in 2013

Nigeria

•  Oando consolidates with NGN 54.
•  Nestle Nigeria hits new all time high on dividend hopes
•  Int’l Breweries share price overvalued – Analysts
•  NSE capitalization recovers NGN 4tn in 11 month
•  Nigeria says signs USD 1bn MoU with General Electric for factory
•  Nigerian forex reserves up 3.8% to USD 46bn

Zambia

•  Kagem to invest USD 100m
•  CCPC rejects merger of two motor companies
•  First Quantum Says Zambia Nickel-Export Levy Threatens New Mine
•  IFDC to inject over USD 10bn in Zambia
•  Zambia-China trade worth USD 3.5bn
•  Zambia rejects car market merger of Toyota Tsusho, CFAO
•  Zambia’s economic outlook robust
•  Zambia Kwacha World’s Worst Performer as Miners Withhold Dollars
•  Zambia leaves bank rate steady at 9.25%
•  Zambia CPI slows to 7% yoy in January

Zimbabwe

•  Diamond exports gross US$684m
•  NMBZ courts foreign investors
•  Liquid Telecom spreads wings
•  Delta share price driven by investment
•  Econet takes EcoCash to ZSE
•  Mimosa platinum output declines
•  Hunyani posts USD 1.2m profit
•  TSL posts USD 5.6m profit
•  AU snubs Zim civil society