Weekly African Footprint: February 10, 2012

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Botswana

•  Mount Burgess Mining to raise funds for Botswana exploration
•  Energy regulator, national oil company take shape
•  Matambo projects lukewarm growth rate of 4.4%
•  Diamond slump widens trade deficit
•  Botswana’s Diamond exports hit record high in 2011
•  Tax reforms broaden revenue base

Egypt

•  Egypt telecom tycoon Naguib Sawiris eyes new horizons
•  Orascom, France Tel hold talks over Mobinil -source
•  Ministry: Egypt public-sector profits rose 23% in 2010/11
•  Egypt foreign reserves fall, add to pressure on pound
•  Egypt pins hopes on tourism recovery
•  Egypt inflation eases slightly, economist warns of stagflation

Ghana

•  French company Technip gets EUR 100m contracts for Phase 1A Jubilee oil project offshore Ghana
•  Afren starts drilling off the Ghana coast in the hope of finding more oil
•  Ghana to Boost Oil Output Fivefold in Five Years on New Wells
•  Ghana cocoa buy 681,000T by Jan 26, up 5.8% on yr
•  Ghana to review all mining stability agreements

Kenya

•  Kenya's Mumias Sugar's profit edges up 4.5% in H1
•  Kenya Airways prepares for rights issue
•  Umeme set for dual listing in Kenya, Uganda
•  Airtel given more time to increase its local shareholders
•  Mumias Sugar to double production capacity
•  Kenya Pipeline to build LPG storage plants as demand grows
•  Kenya to sell bonds worth USD 239m in Feb
•  World Bank to lend Kenya USD 1.9bn in 2012-14
•  Kenya Seeks Investor for Transformer Plant

Mauritius

•  Mauritius' Lux Island swings to H2 profit
•  • New Mauritius Hotels' Q1 profit falls 6.9%

Morocco

•  Morocco's BMCE bank eyes African expansion
•  Renault targets Europe from low-cost Morocco plant

Namibia

•  Namibian miners in super tax talks with government

Nigeria

• Q3: Flour Mills’ Profit Declines by 13%
• Nigeria's Oando Energy: Lands Two-Year Drilling Contract with Shell
• Niger Insurance to raise NGN 1.34bn through rights issue
• Bilfinger Berger reduces stake in Nigerian subsidiary
• Bharti Airtel appealed against Nigeria court verdict
• NAICOM begins insurance enforcement
• Exxon and NNPC Said to Seek USD 1.5bn for Nigerian Project
• Nigeria's Dangote Cement opens new USD 1bn plant
• Nigeria's UBA falls 5 pct, scraps share sale
• Singapore's Olam buys Nigeria biscuits maker for USD 167m
• Nigeria: Fuel scarcity looms as import volumes drop
• Nigeria's fx reserves jump to a 4 1/2 mth high
• Nigerian interbank rates ease on budgetary inflows
• FG liaises with European bank to fund projects
• Nigeria’s Cement Independence is Possible in 2012
• NSE records NGN 478.62bn in foreign portfolio investments
• Plateau targets NGN 1bn internal revenue
• Investors Stake NGN 128bn on FGN Bonds
• FDI Grew by 12% in 2011
• Nigeria seeks USD 600m trade financing from Islamic Development Bank

Tanzania

•  TanzaniateOne to List On DSE
•  Jacka Resources closer to acquiring Tanzanian petroleum play

Zambia

•  Zambia to audit miners, believes up to USD 1bn owed
•  Zambia says may bring back mine windfall tax

Zimbabwe

• TN spreads wings
• Schweppes invests USD 15m in new plant
• CBZ to clear RTGS payments
• Essar seeks power licence
• Chisumbanje Ethanol Plant to produce 750 000l fuel daily
• Banks scramble to meet deadline
• Zesa, HCB in debt talks
• African Sun refurbishment on course
• Zimplats profits drop by 68%
• ZIA approves USD 6,6bn projects
• New rules for financial advisors