Weekly African Footprint: February 15 , 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

•  Prime Time sets BWP 140m for portfolio expansion
•  CA backtracks on CEDA shares deal
•  Rising import bill forces BWP 21bn drawdown of Pula Fund
•  Botswana cbank keeps bank rate at 9.5%

Egypt

•  Orascom deal may dampen Egypt's stock market
•  Egypt core inflation quickens in January
•  U.S. says Egypt needs to move fast to fix economy
•  Egypt farm bank launching retail Islamic services
•  Egypt must keep economic reforms in line with political imperatives: IMF
•  Egypt finishes revised economic plan needed for IMF loan - PM
•  Diesel shortage pushes Egyptians to the brink

Ghana

•  Gold Fields to extract minerals from brine
•  MTN exceeds 2012 subscriber base target
•  Inflation to reflect changes in household expenditure patterns
•  Ghana central bank holds rate steady with inflation 8.8%
•  Bank of Ghana keeps prime rate unchanged at 15 pct
•  Ghana’s finance minister gears up for tight budget statement

Kenya

•  Savings outpace loans as M-Shwari deals cross KES 3bn
•  Tullow eyes first commercial oil for Kenya
•  CBK mops up excess money to firm shilling
•  Kenya scores poorly in budgeting
•  Kenya to gazette up to 9 new oil and gas exploration blocks
•  Kenya top grade tea price falls at latest sale
•  Somalia opposes KES 870m funding for Kenya navy
•  Kenyan shilling dips as vote nears, shares halt rally
•  Kenyan economy likely to grow up to 6% in 2013: IMF

Maurtius

•  Mauritius Cim Financial Q1 profit up 115 pct

Nigeria

•  Distortions on share purchase agreement may delay negotiations on ALSCON
•  Flour Mills Nigeria starts sugar refining
•  Cadbury rises to 5-year high on unit acquisition plan
•  Nigeria's Guinness says H1 pretax profit falls 15.7%
•  South Korea’s Daewoo Engineering and Construction Co wins USD 290m order in Nigeria
•  Nigerian Bourse to Expand Ownership, May Sell Shares
•  Nigerian rice import tax hike is wrong – cbank
•  Nigeria c.banker says in no hurry to cut interest rates
•  Non-oil export earnings rise to USD 987m
•  Nigeria’s Eurobond yields hit two-month high
•  Stock Exchange mulls ASeM re-launch
•  Naira Steady as CBN Cuts Dollar Supply
•  Nigeria issues NGN 105bn in bonds, yields fall

Tanzania

•  IMF approves USD 224.9m standby loan for Tanzania

Zambia

•  Associated British Foods denies avoiding tax in Zambia
•  Zambia sees economic growth of 7% at end 2013
•  Copper production drops
•  Energy Regulation receives 67 submissions
•  Zambia in wheat surplus
•  Opposition fights govt in South Africa

Zimbabwe

•  Tetrad terminates partnership with Belgian firm
•  Struggling Cairns suffers USD 8m loss
•  Afdis records 21pc jump in production
•  Power problems stifle New Dawn
•  Zimbabwe’s tobacco sales rise
•  AfDB raises doubts over ZSE demutualisation exercise
•  Zimbabwean Government seizes land from Impala platinum unit
•  Belgium seeks end to EU sanctions on Zimbabwe miner