Weekly African Footprint: February 08 , 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

•  Karowe diamond production up 12%
•  Botswana Budget Surplus to Narrow as Growth Slows

Egypt

•  Eni makes new oil discovery in Egypt
•  Egypt opposition again rejects national dialogue, calls for further protests
•  Egypt to cut energy subsidy bill by 50% over 5 years
•  Egypt to finish revised economy plan next week: Minister
•  Egypt budget deficit rises, adding pressure for reforms
•  Egypt foreign reserves fall below USD 15bn, highlight need for IMF deal

Ghana

•  Guinness Ghana says six-month net profit jumps 115 pct
•  US Group to build multi-purpose commercial city in Accra

Kenya

•  Kenya loses Sh70bn in counterfeit trade
•  Kenya diversifies tea markets to boost exports
•  KES 1.7bn deal for renewable energy and water efficient houses
•  Kenya shares extend rally ahead of earnings season
•  Kenyan stocks hit 25-month high ahead of earnings season
•  Kenyan shilling flat versus dollar in tight market

Maurtius

•  Ireland Blyth to set up seafood business in Gabon
•  Mauritius inflation falls to 3.7 pct in January

Nigeria

•  GT Bank lists benefits of mobile money transfer
•  Zenith, GT Bank, FBN lead in treasury bills investment
•  New Acquisition Lifts Dangote Sugar’s Share Price
•  Conoil to sustain export profile with ETLS
•  Cadbury Nigeria Seeks 100% Ownership of Stanmark Cocoa Division
•  Exxon declares force majeure on Nigeria Qua Iboe oil
•  Shell declares force majeure on Nigeria gas supplies
•  Nigerian stocks hit 4-year high on banks, liquidity
•  Retail bonds trading commences on exchange
•  Nigeria state-oil firm denies owing government billions
•  Nigeria’s external reserves hit USD 46bn
•  IFC issues NGN 12bn local currency bond
•  AFC secures USD 15m infrastructure development facility
•  NSE lists Lagos State NGN 80bn Bond
•  Nigeria appoints academic as power minister to end shortages

Tanzania

•  Tanzania does not rule out windfall mine taxes

Zambia

•  Standard Charted to pump USD 300m in SMEs
•  Vedanta to invest $200 mln in Zambia copper mine
•  Utility firms assure power for electric train
•  Zambia’s 2012 copper output falls y/y to 824,976T
•  Insurance companies performance below par
•  Zambia warns oil firms on licences: use them or lose them
•  Kwacha expected to hold on
•  Zambia Central Bank to Intervene to Bolster Kwacha

Zimbabwe

•  RTG raises US$4,5m
•  Astra Holdings turnover down 2%
•  CFU projects poor 2013
•  Unilever Zimbabwe set to resume exports
•  Econet shares split
•  TN Bank to delist
•  Kingdom Stockbrokers to wind up operations
•  Mwana Africa, Chinese sign pact
•  RBZ rejects banks pressure on EcoCash
•  ZSE among best performing bourses worldwide
•  Bank mergers loom