Weekly African Footprint: March 23, 2012

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Botswana

•  BIHL reaches top rung in Letshego share register
•  Botswana Diamonds optimistic about diamond yield in Cameroon
•  Botswana Diamonds eyes Zimbabwe
•  Debswana Targets 24M Carats Production in 2012

Egypt

•  Egyptian Resorts posts narrower full-year loss
•  Egypt's Citadel to grow staple crops in South Sudan
•  Egypt to offer EGP 4bn in 3- and 5-year bonds
•  Egypt tax exemption is about to expire: Finance ministry
•  Egypt to sell land to expats, cut budget deficit
•  Egypt central bank lowers reserve requirement on deposits
•  Egypt unlikely to hit 2012 investment target
•  Egypt central bank says holds interest rates, as expected

Ghana

•  Jubilee Field Pumps 30m barrels
•  Newmont Ghana is the most outstanding corporate taxpayer
•  Ecobank Ghana Profit Rose 20% in 2011 as Loan Income Grew
•  Ghana Parliament approves EUR 34m buyers credit agreement to upgrade energy supply systems
•  Ghana keen to meet USD 5bn revenue target from non-traditional exports by 2016

Kenya

•  National Bank Of Kenya's FY profit drops by 9%
•  BAT bets on plant expansion
•  Kenyan C02 firm Carbacid H1 profit jumps 34%
•  Kenya reverses Athi River clinker plant closure
•  Telkom wants KES 10bn bailout from taxpayer
•  Pancontinental completes survey on third Kenyan block
•  Kenya KenolKobil wins tender for Murban crude
•  Kenya's TransCentury 2011 profit jumps 38%
•  Kenya's British American to diversify after 2011 loss
•  Export growth boosts East African Cables FY profit
•  Competition by banks could give borrowers sweet reprieve
•  Kenya to sign power deal with Ethiopia
•  Kenya bourse plans to list 40% stake in 2014
•  Kenya sees wheat production almost tripling

Malawi

•  Malawi CPI quickens to 10.9% y/y in February

Maurtius

•  Mauritius cuts rate by 50 bp, trims growth outlook
•  Mauritius trade deficit widens in Jan
•  Mauritius tourism earnings up 12.1% in year to Jan

Morocco

•  Morocco's OCP targets 10m T fertilisers output
•  Morocco trade deficit up 27.6% yr/yr in Jan-Feb

Namibia

•  Rio Tinto accepts Chinese offer for Extract stake
•  NAMDEB mine in Namibia announces new expansion
•  Namibia Breweries declares NAD 0.27 dividend

Nigeria

•  GTBank, Access Bank Declare Dividends
•  FG to partner Dangote on mines development
•  Nigeria's FCMB swings to NGN 11.35bn loss
•  Indorama’s 86,000MT Petrochemical Plant Begins Production Soon
•  Chevron on Track to Achieve 20% Output Growth by 2017
•  Ekiti, Chellarams list NGN 21bn bond on NSE
•  Nigerian bank FCMB targets earnings boost
•  Notore mulls NGN 160b IPO for new plant
•  Nigeria's GT Bank targets loan growth, expansion
•  Dangote gets nod to establish USD 20m cement plant in Liberia
•  Nigeria Feb inflation unexpectedly eases
•  Nigeria: Investors to Pump USD 150bn Into Oil Sector - FG
•  Telecoms operators spend NGN 6.7bn monthly on power
•  Nigeria central bank holds rates, praises fiscal steps
•  AMCON to refinance NGN 1.7t bonds
•  Nigerian oil exports set to rise to 9-mth high
•  Fed Govt sells N50b bonds in 2019, 2022
•  Nigeria, Brazil trade hits USD 6bn
•  African finance minister back Nigerian for World Bank job
•  Nigeria Issues Tender for Sale of Crude Oil Through 2013
•  Nigeria Can Realise NGN 3tn Revenue through Customs
•  Nigeria risks long term oil decline

Tanzania

•  Twiga to raise production despite power shortage
•  Tanzania seeks more than 600000 T oil products for May-June

Zambia

•  Libya firms sues Zambia over seizure of telecom
•  Dangote’s USD 400m Zambia Cement plant on course
•  China's Jinchuan offers Zambia miners 17% pay rise
•  Zambia commercial farmers cut maize production
•  Zambia won't bring back mining windfall tax-fin min

Zimbabwe

•  Zimbabwe writes off a third of maize crop, deficit looms
•  New listing on ZSE
•  TN Holdings empire grows
•  Pearl plans USD 8,5m Arundel expansion
•  EcoCash sees record uptake
•  RioZim EGM to go ahead
•  Banks deadline nears
•  Econet, TN deal nears completion
•  Funding affects National Blankets
•  CABS agrees to ease Dimaf terms
•  Essar to invest USD 4bn in Zim
•  Ariston Holdings gears for profits
•  Zimbabwe OKs Implats, Aquarius JV local ownership plan
•  ZB Holdings records USD 7m profit
•  Govt to dispose of 49% Agribank stake
•  Zimbabwe writes off a third of maize crop, deficit looms
•  FDI inflows subdued
•  India-Zimbabwe trade doubles to USD 125m
•  Biti unveils new debt strategy