Weekly African Footprint: January 13, 2012

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Botswana

•  Shrenuj to invest integrated gem plant
•  Further setback for Mmamabula project
•  Matshelagabedi power station rumbles to a halt

Egypt

•  Egypt's OCI says wins USD 100m in power plant work
•  Ezz Steel says H1 net profit tumbles 79%
•  Egypt's Mobinil pins hope on higher-value services
•  Centamin Egypt shareholders back changes to corporate structure
•  Egypt inflation rise deepens challenge for cabinet

Ghana

•  Ghana’s tax plan may cut mining expansion
•  Benso Oil Palm makes GHS 8.3m profit after tax in 2011
•  Airtel launches mobile banking service in Ghana
•  Ghana Customs collects GHS 3.2bn as revenue in 11 months
•  India eyes Ghana oil stake
•  China's Trade Investment In Ghana USD 2.5bn In Nine Months
•  Tame inflation paves way for Ghana rate hold

Kenya

•  Sameer Buys Into SA Fruit Company, Eyes Coffee Trade
•  Kenya's Sasini FY pretax profit down 27%
•  Kenya picks Chinese firm Fenxi for coal mining
•  Kenya monetary policy must target inflation expectations
•  Fuel prices go down by KES 3-5 a litre
•  Government postpones plans to debut KES 45bn euro bond

Mauritius

•  New Mauritius Hotels year pretax profit drops 0.9%
•  Mauritius 2011 sugar estimate lifted to 430,000 T
•  Mauritius says FDI down 30.7% y/y Jan-Sep

Morocco

•  Norway's Yara, Morocco's OCP agree to fertiliser JV

Namibia

• Exxaro sells Namibia mine stake to Glencore •  Namibia's Telecom in talks to buy Powercom
•  Namibia's Nov CPI down at 6.0% y/y

Nigeria

•  AMCON Commences Valuation of Debtors’ Properties
•  Merger: ETB Shares Lift Sterling by NGN 2.9bn
•  Standard Chartered eyes Oman, Nigeria for Islamic banking
•  Chevron Earmarks USD 28.5bn for Nigeria, Others in 2012
•  Nigerian air company to start Luanda flights
•  Nigeria's Union Bank to issue 1.4bn shares
•  DMO Targets USD 2.770bn Debt Servicing by 2020
•  Nigeria current account surplus almost doubles in Q2 vs Q1 –central bank
•  Power Supply to Hit 6,000mw by Sept 2012
•  FG to expend NGN 450bn on agric
•  Nigeria finmin wants lower interest rates in 2012
•  1,080mw lost as Egbin power station shuts down

Tanzania

•  ABG to raise royalty on Tanzanian gold - ministry

Zambia

•  Airtel Zambia commissions 130 network sites
•  Zambia miners seek independent tax compliance audit
•  CEC plans to invest USD 140m of power generation projects in Kabompo
•  European Investment Bank resumes funding to Zambia
•  Zambia could cut mine royalties if prices collapse

Zimbabwe

•  Mwana Africa H1 loss narrows on Freda Rebecca output
•  ART suffers USD 3m loss
•  BNC heads for liquidation
•  TPH pins growth on mining
•  Chemco warns of further losses
•  Key power plant now in doubt
•  Reintroduction of Zimdollar feasible, says Gono