Weekly African Footprint: March 15 , 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

•  Botswana to Seek Bids for $11 Billion Rail-Line Project for Coal

Egypt

•  Telecom Egypt reports 452 mln EG pound profit in Q4
•  Egypt's NSGB 2012 consolidated net income up 3%
•  Egypt inflation jumps as currency slides, hurting poor
•  IMF expected to visit Egypt in coming days: state media
•  Food price rises put restive Egypt on edge
•  Egypt central bank offers $40 mln in forex auction
•  Egypt payments figures add to pressure for IMF deal
•  Egypt current account deficit narrows in July-Dec, trade deficit grows
•  Egypt tourism rises in 2012, still below pre-revolt level

Ghana

•  Ghana inflation rises to 10 pct in February

Kenya

•  Foreign investors’ stake in Safaricom rises by Sh3.5bn
•  Access Kenya set to pay dividend after three years
•  Standard Chartered Kenya posts 40 pct profit jump
•  Kenya's Diamond Trust Bank posts 40 pct profit leap
•  Kenya's British American returns to full-year 2012 profit
•  Kenyatta Victory Seen as Green Light for Kenyan Markets
•  Kenya’s telecoms to maintain growth
•  Kenya Plans to Sell Sovereign Bond to Fund Infrastructure Plans
•  Kenya Holds Key Rate as Presidential Candidate Challenges Defeat
•  Kenyan shilling seen firmer on stocks rally
•  Kenya tea prices dip in latest auction
•  Kenya regulator ups fuel prices, inflation threatened
•  Regulator forecasts Kenya sugar output to rise 5 percent in 2013

Maurtius

•  Mauritius MPC Leaves Key Rate Unchanged as Inflation Seen Steady

Nigeria

•  Lafarge Wapco estimates Nigeria’s annual cement consumption potential at 50m tons
•  Dangote Cement Commences Export to Ghana
•  Nestle assures shareholders of improved returns
•  Bharti Airtel Increases Stake in Airtel Nigeria to 79%
•  Nigeria's Wema Bank to raise 35 bln naira by end-April
•  Nigeria’s cocoa export business hits $900m
•  Nigeria spent N97.3billion on sugar importation in 2012
•  Government woos U.S. investors to agric transformation programme
•  Nigeria's External Trade Drops to N28 Trillion
•  Nigeria’s annual offshore drilling expenditure to reach $2.26bn by 2016
•  Nigeria revenues take hit from oil theft, delays
•  Nigeria sells bonds at higher yields

Tanzania

•  Profit at Heidelberg's Tanzanian cement subsidiary jumps 22%
•  Central Bank Backs Government On International Bond
•  Tanzania Earns U.S. $81 Million From Cotton Exportss

Zambia

•  Lafarge Affirms Adequate Cement Stock

Zimbabwe

•  Zimplow records loss
•  Econet slashes money transfer fees
•  Norfund extends $1,4m to NMBZ
•  Lifestyle Holdings scales down operations
•  SECZ opposes Lifestyle delisting
•  Edgars records higher profits
•  Mining fees slashed
•  Tobacco earnings up 3 percent
•  Zimbabwe surpasses revenue target, as Biti warns banks
•  Chrome export ban to go