Weekly African Footprint: March 2, 2012

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Botswana

•  Lazare revives BWP 1.8bn diamond deal
•  NDB shares to float next year
•  ZCI considers divesting from African Copper
•  Turnstar seals USD 77m Tanzania deal
•  Explosives manufacturer set to target Botswana coal projects

Egypt

•  Iraq approves USD 363m power deal with Egypt's Orascom
•  Egypt's OTMT Shareholders Vote In Favor Of Mobinil Stake Sale
•  Egypt mobile operators impose stamp duty on prepaid subscribers
•  Egyptian economy troubled but GDP to grow by 5.5% in two years
•  Egypt bourse chief expects up to 8 IPOs this year
•  Egypt resumes gas deliveries to Israel
•  Egypt energy subsidies should be cut in 5-7 years: Industry federation
•  Egypt mobile phone subscriptions up 18% in 2011

Ghana

•  Ghana's Standard Chartered to propose dividend hike
•  Kosmos Energy Announces Acquisition of Additional Interest in Deepwater Tano Block Offshore Ghana
•  Standard Chartered’s Ghana Unit Profit Rises as Impairments Fall
•  Close to twom Glo numbers reserved, as commercial launch nears
•  Kosmos Energy says it will invest over 90% of USD 600m 2012 capital in Ghana
•  Foreigners dominate Ghana bond sale
•  Parliament approves two additional agreements under USD 3bn Chinese loan

Kenya

•  Airtel Launches Fastest 3.75G Internet in Kenya
•  Export revenues push BAT profit up 75%
•  Kenya Power posts 11% growth in profits
•  Kenya's KenGen H1 profits up, rains to lift earnings
•  Airtel could drop low-cost strategy
•  KenolKobil's 2011 profit soars, eyes acquisitions
•  Kenya's Diamond Trust Bank eyes cash call, FY profits up
•  Kenya's Unga H1 pretax slips on grain costs
•  Kenya Power to raise USD 241.7m for underground power cabling
•  Western Union enters mobile money market
•  M-Pesa fees go up but sending threshold reduced
•  East African Portland Cement Company reports KES 88m loss
•  Kenya's KCB profit surges as expansion pays off
•  Kenya says finalises terms of syndicated loan
•  Kenyan inflation slows to 16.7% in February
•  Kenya 2012 sugar production forecast to rise 13%

Maurtius

•  Mauritius Dec trade deficit widens 35.9% yr/yr
•  Mauritius trims 2012 tourist arrivals forecast
•  Mauritius trade deficit widens 10.5% in 2011

Morocco

•  Morocco extends duty exemption on wheat imports

Namibia

•  Namibian uranium project gets green go ahead
•  Namibia 2012 budget deficit to narrow sharply
•  Namibia confidence index dips, investment subdued

Nigeria

•  Nigeria: Etisalat's Subscriber Base Increases by 4m
•  Total, ExxonMobil, Chevron hail first oil from Usan field
•  Diamond bank launches private banking
•  Nestle Nigeria Plc wants to increase sales in Africa
•  Airtel Nigeria deepens coverage with launch of 3.75G service
•  Indorama Group to invest NGN 325.5bn in Eleme petrochemicals
•  Dangote to expand Ibese cement plant to 12m metric tons
•  Bharti Airtel unaware of Econet Wireless damages claim
•  Nigeria set to liquidate state-run telecom company
•  Nestle Plans to double Nigeria business in 3 years
•  Nedbank targets 20% stake in Ecobank
•  China to partner Nigeria on infrastructure
•  Investors Stake NGN 169bn on FGN Bonds
•  Nigeria-India trade hits USD 9bn
•  Interbank rates ease on improved cash outlook
•  Bauchi signs USD 100m power plant project with Chinese firm
•  NSE plans retail trading platform for fixed income
•  Shortage of Spectrum Poses Risk to Telecoms Investment
•  S&P: Nigerian banks now supportive, bigger
•  Nigeria's forex reserves down to USD 34.7bn by Feb. 27
•  Nigeria sells NGN 111bn in 2019, 2022 bonds

Tanzania

•  Tanzania Minerals Corp. acquires three new gold licences
•  Tanzania economy may grow 7% in 2012/13
•  Tanzania says to open up capital account by 2015

Zambia

•  MTN to rollout Zambia service
•  Strike hits First Quantum's Zambia copper mine
•  Fitch revises Zambia outlook to negative

Zimbabwe

•  Improved market boost for Zimplow
•  Zimplats given two weeks to hand over 29.5% stake
•  Investor boost for RioZim
•  Savanna eyes African market
•  ARM to invest in Zim platinum
•  Kingdom completes AfrAsia deal
•  Implats says will not exit Zimbabwe
•  Barclays Bank posts a USD 1,4m after-tax profit
•  Joe Mutizwa exits Delta
•  Essar licence priority - Mangoma
•  Turnall posts USD 3,9m profit
•  Dairibord profits up 14%
•  Securities Commission moves to protect investors
•  ZSE records USD 56m turnover in January
•  Zim Banks face lending risk
•  USD 65m boost for tobacco industry
•  ZSE set for overhaul