Weekly African Footprint: March 08 , 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 bars OCI chief from leaving country
•  Egypt's Orascom Telecom has bigger fourth quarter loss
•  Yields on Egypt T-bills slip at Sunday auction
•  Egypt minister hopes for IMF deal before polls start in April
•  Egypt sets limits on share transfers of local stocks
•  Egypt market rises 2% despite prospect of elections delay

Ghana

•  Citi Bank to start operations in Ghana
•  Association of Ghana Industries protests high power tariffs
•  Ghana disappoints investors with plan to trim 2013 deficit to 9%
•  Ghana risks further downgrade on slow fiscal deficit cut plan – Fitch
•  Ghana and Britain trade £735m goods in 2012

Kenya

•  KenolKobil says Puma Energy talks terminated
•  KenolKobil shares fall after take-over deal collapses
•  Kenya's KenolKobil issues full year 2012 profit warning
•  Kenyan shilling firms 0.8 pct after peaceful vote
•  Kenya shilling weakens on election result jitters
•  Kenyan T-bill yields rise on election worries

Maurtius

•  Mauritius trade deficit widens 8.6% in 2012
•  Inflation falls to 3.6% in February

Nigeria

•  Shell may shut major Nigeria pipeline due to theft
•  Zenith Bank expects London listing this month
•  Dangote exports 5,000 tons of bulk cement to Ghana, boosts non-oil revenue
•  Nigeria maintains eight per cent export growth since 2007
•  Nigerian naira hits 5-week high vs dollar
•  Nigerian senators hotly debate crucial oil bill
•  SEC thrives despite budgetary constraints
•  FBN bonds to attract USD 1.5bn new capital
•  Nigeria stock market surge seen gaining momentum over 2013
•  Nigeria's Bonga crude exports delayed by 4-5 days
•  Nigeria to save less oil money, budget deficit falls

Tanzania

•  Tanzania seeks USD 100m World Bank loan for emergency power

Zambia

•  Lafarge forecasts demand growth
•  Zambia lifts restriction on maize exports

Zimbabwe

•  RBZ revokes Barbican Bank licence
•  Truworths revenues up 11 percent
•  BAT shares jump 39%
•  Meikles’ TM Supermarkets in USD 10m upgrade exercise
•  Zimplats 'focused' on operations: CEO
•  Zimbabwe's Innscor H1 earnings fall 11 percent
•  MBCA Bank posts US$5 million profit
•  Bankers Association of Zimbabwe awaits green light on credit bureau
•  ZSE market capitalisation now $4,7 billion
•  Public entities in capital-raising initiatives
•  New mining laws on cards
•  Zimbabwe’s Gono Says Banks Start Cutting Interest Rates, Charges