Weekly African Footprint: January 11 , 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

•  Choppies leads BSE in strong year
•  Okavango readies for diamond sales launch

Egypt

•  Egypt's Suez Canal revenue rises to USD 424.6m in Dec
•  Egypt’s tourism number down 8% month on month in Nov 2012
•  Egypt T-bill yields climb on currency, IMF concerns
•  Egypt pound hits record low after central bank auction
•  Egypt struggles to buy oil as currency crisis deepens
•  Qatar throws Egypt USD 2.5bn lifeline to prop up pound
•  Egypt must convince people of need for IMF - Lagarde
•  New Egypt central bank chief says not concerned about currency market
•  Egypt signals USD 2bn Qatar loan already spent

Ghana

•  Tullow plans busy start to 2013 drilling year
•  Chinese mining firm in Upper East to start production this year
•  Aid pours into Ghana
•  Slower Ghana growth, inflation raise rate cut hopes
•  Ghana GDP growth 1.7% in Q3 2012: stats office
•  Ghana 3-year bond oversubscribed, yield falls

Kenya

•  Youth drive M-Shwari deals past KES 1bn riding on festivities
•  Stakeholders petition Kibaki not to sign new alcohol bill into law
•  Safaricom share touches three-year high
•  Foreign investors double Uchumi Supermarket stake
•  Nairobi bourse targets seven new companies for listing
•  Base Resources says Kenya mine exempted from 35% rule
•  Inflation signal dampens hopes of regulator rate cut
•  Central Bank of Kenya loses control of KES 600m in Dubai Bank case
•  Kenya seen cutting rates on Thursday to boost growth
•  Kenya seeks credit growth with big rate cut

Maurtius

•  Mauritius inflation edges down to 3.9% in December

Nigeria

•  Ecobank opens Equatorial Buinea branch
•  Wema Bank reports NGN 1.8bn loss in 2012
•  Oando shops for N54.6b from capital market
•  Conoil to Build 60 New Stations in 2013
•  Skye Bank, Pan Ocean partner on gas processing
•  Delta blacklists Union, Diamond Banks over missing NGN 1.1bn tax
•  UBA shares surge due to new structure
•  Ondo records N10.5b IGR in 2012
•  Int’l Breweries, Cadbury emerge most profitable stocks in 2012
•  NNPC, Oando 30 Others Get Q1 Fuel Import Permits
•  Replacement of damaged base stations to cost telcos NGN 16bn
•  NNPC directs oil firms to slash cost of new projects
•  Nigeria state oil firm borrows USD 1.5bn to pay fuel debt
•  Return of local investors helped 2012 Nigeria stock rally

Tanzania

•  DTB boosts capital by 12.4bn/-
•  Bank M`s performance goes up as its loanbook surges by 100bn/-
•  Tanzania current account deficit widens to USD 3.76bn in Nov

Zambia

•  Vedanta's Zambia unit suspends Chingola copper output
•  Power generation to increase in 2014
•  Zambia Mulls Power Imports to Meet Demand From Miners

Zimbabwe

•  Zim shut out of Barclays/Absa deal
•  Nestle invests USD 12m in Zim operations
•  Ariston narrows loss
•  Econet seeks complete TN takeover
•  Steelnet faces liquidation
•  AfrAsia Kingdom secures USD 10m credit lines
•  Government seals Zimplats deal
•  Ecobank meets new capital requirements
•  Tender board’s powers to go
•  RBZ seeks to cap interest rates
•  Reserve Bank wins Zimdollar forex court appeal
•  Banks to lower rates
•  Biti in bid to woo London investors