Weekly African Footprint: January 18 , 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

•  Aussie firm gains stake in Xade copper project
•  Price increases slowed in 2012

Egypt

•  Gold producer Centamin gains on comments by Egyptian minister
•  Currency crisis won't end Qatar bank's Egypt buy - CFO
•  Public funds prosecution recovers EGP 1bn from Mubarak officials
•  Court to decide whether to release Mubarak
•  EU says Egypt to receive USD 6.5bn in grants and loans
•  Egypt sees talks with IMF "back on track very soon"
•  Moody’s puts Egypt on review for possible downgrade

Ghana

•  Tullow oil puts daily production around 110,000 barrels
•  Phoenix Insurance to outshine its own performance in 2012 by 35%
•  ADB’s listing unclear
•  Service slump slows GDP
•  Government indicates a declining interest rate regime
•  Inflation index to be rebased in Marc
•  ADB delays plans to list on Ghana Stock Exchange
•  Ghana-Germany economic activities to deepen
•  Ghana risks having export products to EU market reduced
•  Govt to implement windfall tax for mining firms in 2013 budget
•  CGML hits 292,534 ounces gold
•  Four major World bank assisted projects in Ghana revised

Kenya

•  Tullow to announce drilling results at its third well
•  Equity eyes kiosk cash with smart card plan
•  Car maker hits out at CMC over franchise
•  Insurer unveils global medical cover
•  KenGen share touches 52-week high on heavy demand
•  East African bank gets KES 2bn AFDB boost
•  Local plastic firms to gain as Dar lowers tariffs
•  Kenya's first-half 2012/13 tax revenues rise 13%
•  Kenya cuts fuel prices across the board
•  Kenya's 2012/13 coffee earnings, output expected to inch lower
•  Nairobi bourse set to launch trading platform for SMEs
•  Kenya plans to replace Mombasa-Nairobi oil pipeline
•  Egypt lifts punitive tax on Kenya cigarettes after Comesa lobbying

Nigeria

•  NSE lists African Prudential Registrars, UBA Capital
•  FCMB shares rise by 25% on high demand
•  Heritage Oil defends acquisition of OML 30
•  International Breweries projects N1.93bn profits in Q1 2013
•  CBN inaugurates council of experts on Islamic banking
•  Bond yields drop on expectation of higher inflation
•  FG plans USD 160m for power generation
•  FCMB shares rise by 25% on high demand
•  Nigeria to charge 23 with oil theft
•  CBN Targets 6% Inflation, Defends Monetary Policy Framework
•  World Bank to partner FG on poverty reduction
•  AMCON restructures NGN 1tn loans
•  Nigeria plans 210-360bn naira in 5-20-yr bonds in Q1
•  Oil exports boost Nigeria revenues to 581bn naira in Dec
•  World Bank cautions Nigeria, others on fragile global economy
•  Price war among domestic airlines may impair safety

Tanzania

•  Tanzania current account gap to narrow on lower fuel imports
•  Tanzania Dec inflation unchanged, central bank misses target

Zambia

•  FQM nickel mining project advances
•  Zesco eyes Lusaka bourse
•  Zambia, Zim hydro power station on course
•  State spells out job creation plan
•  Obama assures Zambia
•  Revoking inactive mining licenses may spur illegal mining

Zimbabwe

•  Govt, Zimplats ink share transfer deal
•  Local products spur Unilever growth
•  IPEC suspends Aon Zim
•  Mining companies to pay dividend
•  Econet Wireless subscribers reach 8 million
•  Innscor sweats over indigenisation ultimatum
•  Ecobank complies with indigenization
•  FDH Malawi disposal in limbo
•  Interfresh laments Mazoe citrus land loss
•  KFC eyes return to Zim
•  Interfresh share price static
•  Short-term insurance premiums up 21.6%
•  Zimbabwe targets Western banks in local ownership drive
•  UN seeks $131m aid for Zimbabwe
•  Zimbabwe, EU trade slumps
•  Zimra exceeds revenue target