Weekly African Footprint: January 20, 2012

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Botswana

•  Sefalana bullish as Shoppers brand expands
•  Mobile money services make a mark
•  Botswana CPI steady at 9.2% y/y in Dec
•  BoB clamps bureaus de change 

Egypt

•  Egypt's Suez Canal Dec revenue USD 443.7m
•  Egypt's Orascom, Nasr City scrap Tigan cooperation
•  Egypt open to trade talks with US
•  Egypt preparing to issue Islamic bond
•  Egypt central bank tightens money transfer rules 

Ghana

•  Asogli Plant Produced 15% Power In 2011
•  Jubilee field to average 70,000-90,000 barrels of oil per day
•  Anadarko well strikes oil offshore Ghana
•  ETI acquires 100% stake in Ghana TTB
•  Airtel launches 3.75G service
•  Glo commences launch activities with Number Reservation Campaign
•  Ghana Jubilee oil sales double Tullow’s revenue to USD 2.3bn in 2011 

Kenya

•  Portland's Shares Suspended At NSE
•  AccessKenya Takes On Its Rivals With KES 30m Data Centre Upgrade
•  Kenya seeks nearly 400,000 tonnes of oil products - trade
•  Kenya cuts 2012 GDP growth forecast to 5.3%
•  World Bank upbeat on Kenya's economy
•  Treasury under pressure to raise KES 105bn from domestic market
•  Kenya eyes inflation rate of 5 pct by 2014/15
•  Tourist numbers from new markets look up
•  High rates, inflation halt Kenya's construction boom
•  Kenya seeks nearly 400,000 tonnes of oil products - trade

Malawi

•  Malawi consumer inflation quickens to 9.8 pct y/y

Morocco

•  Morocco's Fipar Holding plans USD 230 mln IPO
•  Morocco trade deficit surges to record in 2011
•  Morocco's new govt targets 5.5% GDP growth

Nigeria

•  Afren finds oil in offshore Nigeria well
•  Nigeria protests suspended after fuel price cut
•  NSE Lists NGN 35bn UBA Bond
•  India IOC buys at least 2m barrels Nigeria crude
•  Union Bank to extend rights issue
•  Nigeria to Miss 7% 2012 Projected GDP Growth Target
•  FG suspends electricity tariff hike
•  Nigeria’s Sanusi Sees Rate on Hold as Fuel Rise Lifts Prices
•  Bonds: FG to repay N456bn in 2012
•  Nigeria gov't orders audit of oil and gas sector
•  Nigerian Bonny oil loadings to slip in March
•  Nigeria’s GDP Growth to Hit 8.2% in 2013
•  Nigeria to raise NGN 130-240bn in bonds in Q1

Tanzania

•  Oryx Decides to Sell Assets in TZS 600bn Deal
•  Tanzanian economy grows 6.4% in Q3, 2011
•  Tanzania Dec inflation rises, seen continuing
•  Tanzania Seeks USD 257m Loan From Citibank, Other Lenders

Zambia

•  Alberg to open zinc mine
•  Bharti Airtel launches 3.75G platform in Zambia
•  Vodacom Zambian plans 4G network
•  KCM launches new USD 100m concentrator
•  LuSE plans to bolster SMEs through listing

Zimbabwe

•  Meikles revamp begins in March
•  Moxon consolidates Meikles shareholding
•  New Dawn says mining resumes at Zimbabwe gold min
•  No end in sight for BNC financial woes
•  Kingdom booted out of Malawi
•  Delta’s lager volumes soar
•  LontohCoal may double IPO to USD 1bn for Zim mine
•  ZSE expected to end listing drought
•  Zimbabwe CPI inflation quickens to 4.9% y/y
•  Bad debts could reduce bank profits
•  Tele-density up 7.2%