Weekly African Footprint: February 24, 2012

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Botswana

• Botswana Diamonds raises GBP 1.5m as exploration progresses
•  Lonrho clinches new Masa Centre hotel deal
•  FNB's Non-Interest Income Up 31%
•  BoB policy shift a boon for borrowers

Egypt

•  Mobinil Swings to Loss On Lower Revenue, Higher Expenses
•  Oil producer Apache to spend USD 1bn in Egypt
•  Telecom Egypt says 2011 net declines 6.8%
•  Egypt's Etisalat saw 40% rise in 2011 subscribers
•  Egypt's CIB says 2011 net profit fell 20%
•  Egypt's OTMT says Mobinil talks to finish in weeks
•  Suez Cement of Egypt Posts 54% Decline in Full-Year Profit
•  Egypt's Etisalat saw 40% rise in 2011 subscribers: Statement
•  Egypt to offer USD 500m in 1-year USD T-bills
•  Egypt tech spend fell in 2011, more gloom for 2012-IDC
•  Egypt expects USD 8bn in petroleum investments, says minister
•  Egypt says to offer citizens abroad USD 2bn in 'deposit certificates'

Ghana

•  Energy Bank ready to merge with struggling banks
•  PBC targets 40% share of Ghana cocoa market next two years
•  Public Debt Hits GHS 23.61bn
•  BoG reserves fall in January
•  Ghana producer price index rises to 15.25% in Jan
•  Ghana expects gas supply from Nigeria to normalise for electricity
•  Ghana GHS 200m 3-yr bond heavily oversubscribed –central bank

Kenya

•  Kenya's Kengen to raise USD 12bn for new plants
•  Kenya's NIC Bank 2011 profit up, eyes rights issue
•  Kenya's top cement maker sees cloudy 2012
•  Housing firm reports 64% after tax profit
•  Kenya horticulture FY 2011 earnings up 18%-industry
•  Tourism earnings hit KES 98bn mark
•  Economy set for KES 8.6bn boost
•  Low output, external factors cut growth to 3.6%
•  Fourth fibre optic cable to link Kenya to Madagascar

Malawi

•  Malawi CPI quickens to 10.3% y/y in January
•  Malawi's GDP growth slows, fuel prices hurt

Namibia

•  Namibia central bank keeps rates steady, growth a concern

Nigeria

•  Airtel Nigeria and FirstBank Sign MoU on Mobile Money Service
•  Astra Resources uncovers new growth opportunity in Nigerian coal
•  Dangote wants 20% of PFAs’ income invested in stocks
•  Chevron begins drilling of relief well
•  UBA sells NGN 100b bad loans to AMCON
•  Econet seeks USD 3.1bn damages from Bharti Airtel
•  Massmart could open up to 20 stores in Nigeria
•  Exxon signs Nigerian license renewals, dispute over
•  GlaxoSmithKline Nigeria to Boost Sales with New Consumer Items
•  First Bank, Airtel sign pact on mobile money
•  Chevron delays Nigeria plant phase, eyes China shale
•  FG to float local patronage bill
•  Nigeria inflation rises on fuel subsidy removal
•  Nigeria again delays power sector privatisation
•  FG To Invest USD 100bn in Oil Exploration
•  Nigeria can produce 4m barrels of oil a day
•  Concessionaire Invests USD 2.3bn, Generates USD 5.4bn into FG Coffers>

Tanzania

•  Vodacom Tanzania bags 4m users
•  Twiga Cement raises production despite power shortage
•  Air Tanzania set to begin new routes to Mumbai, Muscat within six months
•  TPDC launches 4.5bn/- gas pipeline project in Dare
•  Statoil: Tanzania find has up to 5tn cubic feet of gas

Zambia

•  Chinese steel firm invests USD 26m in expansion
•  Zambia NFCA Starts Work On USD 832m Copper Project
•  MTN and Banc ABC launches mobile money service
•  Zambia to check more closely on metal exports
•  Zambia inflation at lowest in at least 10 years

Zimbabwe

•  ART turnover up 15%
•  Impala concerned about Mimosa stake
•  Caledonia Mining agrees Zim empowerment deal
•  Zimbabwe partially rejects Mimosa ownership plan
•  Ariston to float USD 8m rights offer
•  TNH court investors for TN Bank
•  Zimbabwe's new fees will cripple mines -industry
•  Govt moots USD 50m infrastructure bonds
•  Zim pays Cahora Basa USD 20m