Weekly African Footprint: March 01 , 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.

Egypt

•  Egypt’s Nomani expects sharply higher local wheat crop
•  Egypt's Citadel sees higher revenues from weak currency
•  Egypt trying to dissuade Orascom from delisting from local bourse
•  Egypt to reopen IMF loan talks next month as crisis bites
•  Egypt reconsiders wheat tender system in funding crunch-banks
•  Egypt government deficit soars in 7 months to end-Jan

Ghana

•  Newmont Ghana contributes GHS 331m to 2012 tax revenue
•  Ghana Gas Engages AECOM
•  Zenith Bank (Ghana) posts impressive result in 2012
•  Wapco sets April 30 for completion of damaged gas pipeline
•  Govt to ban export of scrap metals
•  Ghana producer price inflation slides in January

Kenya

•  Kenya Power to use cash raised from proposed tariffs to build new plants
•  Kenyan Uchumi's pretax profit drops 35%
•  East African Cables' 2012 pretax profit jumps 62%
•  Kenya's Portland Cement swings to H1 profit, eyes expansion
•  Election worries put new Kenya oil, gas investment on hold
•  Kenya Power's profits up on lower currency costs
•  Scangroup profit hit by west African expansion costs
•  Kenya's Unga Group H1 profit tumbles on forex losses
•  Kenya's KenGen H1 pretax profit rises 14%
•  Profit warning sends Mumias share price to 12-month low
•  Bamburi Cement says year pretax profit down 15%
•  BATK’s profit rises, pays record high dividend

Maurtius

•  Mauritius tourism revenue up 3.9% in 2012

Nigeria

•  Exxon lifts force majeure on Nigerian QuaIboe crude
•  Nestle Nigeria to triple sales to USD 2.2bn in 10 years
•  Oando’s Rights Issue maybe oversubscribed
•  Naira stability pushes external reserves to USD 47bn
•  Nigeria losing ground in changing oil world

Tanzania

•  Songas warns may suspend operations in Tanzania

Zambia

•  Zambia's Copperbelt JV to pay $164mn for Nigeria stake
•  Japan International Cooperation Agency signs MoU with Zambia
•  Agriculture, mining and construction driving GDP up
•  Zambia keeps benchmark rate at 9.25%

Zimbabwe

•  End in sight to EcoCash wrangle
•  CBZ profits up 48%
•  Econet looks to make share price cheaper
•  RTG to spend USD 2.5m on refurbishment
•  Zimbabwe Mining Development Corporation in bid to revive Shabanie Mashava Mine
•  JSE-listed Vunani moves into Zimbabwe
•  China to increase investment in Zimbabwe
•  Sugar production up 40%
•  Tobacco sales net USD 15m