Weekly African Footprint: March 09, 2012

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Botswana

•  Letshego loan book hits BWP 3bn mark
•  G4S Botswana’s acquisition drive to continue
•  IFSC ushers in firms bearing BWP 1.3bn
•  PHK reports progress at Tshele oil project
•  Diamond exports drop 67% in January
•  Economic diversification steams ahead
•  Uranium potential high earner for Botswana

Egypt

•  Egypt's GB Auto says Q4 net rises 8%
•  Egypt's Maridive 2011 net profit drops 32%
•  GB Auto to cut exposure to Egypt market
•  Egypt's TMG full-year net falls 39%
•  Egypt forex reserves drop slows to USD 636m in Feb
•  Egypt attracts solid demand for 7-year government bonds
•  Egypt's GDP grew by annual 0.4% in Q4 - MP
•  Egypt minister sees telecom tender within 4 weeks
•  Egypt economy may recede despite gains last year

Ghana

•  First Capital Plus Posts Impressive Growth
•  RLG to list on GSE
•  MTN Ghana earns GHS 1.2bn revenue, spends GHS 720m in 2011
•  Ghana in fresh bid to kick-start corporate bond market
•  Ghana must make more effort on deficit – IMF
•  Ghana must make more effort on deficit – IMF
•  Ghana’s Debt Stock Hits USD 32.2bn
•  AfDB Pledges Support For Ghana’s Economy

Kenya

•  Simba Energy identifies two leads on Block 2A in Kenya
•  Safaricom lowers Mpesa tariffs to grow market
•  Kenya's Equity Bank 2011 pretax profit up 42%
•  Kenya's Co-op Bank eyes branch expansion in 2012
•  Kenya's CFC Stanbic 2011 pretax profit up 40%
•  Hopes for interest rate cut as inflation eases to 16.7%
•  Kenya keeps key interest rate on hold again
•  Kenyan long rains seen near normal
•  Kenya sees stable food supply, may need some imports
•  Kenyan central bank to sell 1-yr bond worth KES 10bn

Maurtius

•  Mauritius inflation falls to 6.2% in Feb
•  Mauritius reopens 5.50% coupon 3-yr T-bond

Morocco

•  Dubai's Abraaj in USD 125m Morocco insurance deal
•  Morocco to import 1m tonnes of soft wheat by end-May

Namibia

•  HRT to sell stakes in Namibia oil blocks by June
•  Chariot Oil & Gas prepares to drill first Namibia well in April
•  MTC declares revenue of NAD 1,4bn for 2011

Nigeria

•  Guinness Nigeria investment in capacity expansion hits NGN 55bn
•  Nigeria puts up NITEL for liquidation
•  Sterling Bank to enhance real sector financing
•  Chevron says fire now out at Nigeria gas well
•  Afren to bring Nigeria oil find onstream soon
•  Nigerian Breweries records 25.3% profit growth
•  Guinness Nigeria capacity expansion hits NGN 55bn
•  MTN Nigeria to spend USD 1.3bn on expansion
•  Etisalat plans to surpass Airtel in Nigeria
•  Power project contractors get June ultimatum
•  British firm to commence new oil production in Nigeria
•  Vono to pay dividend in 2014
•  NCC to launch Nigeria’s broadband expansion project soon
•  Nigeria interbank rates fall on budget cash inflow
•  Finally, FG to Hold Oil Licensing Round This Year
•  Fresh Capital Injection in Banks in 2012 Unlikely
•  Nigerian gasoline tender expected in March-traders
•  Electricity Subsidy: FG to Spend NGN 110bn in 2 Years
•  Only 3% of Nigerians own insurance policy
•  Nigeria opens electricity transmission to private companies
•  CBN: FG’s Revenue Increases by 29%

Tanzania

•  Tanzania’s Etisalat Zantel enters new partnership with Flytxt •  Govt yet to decide on status of 30% stake in NBC

Zambia

•  Zambia halts copper treatment plant's operations
•  First Quantum Zambia mine workers end strike
•  Airtel commissions more network sites
•  Kansanshi Copper Smelter Set for Mid-2014 Completion - First Quantum
•  Zambia’s investment increases
•  Zambian 300 MW coal-fired plant delayed until 2015

Zimbabwe

•  Shareholders in last bid to save RioZim
•  SA investors eye ZABG
•  RMB back in business
•  Anglo worried over Unki
•  Trust Bank courts foreign investors
•  Truworths earnings slump
•  Zimbabwe's Innscor H1 earnings rise sharply
•  M&R pulls out of Zim
•  Fidelity Life EPS shoots up 100%
•  POSB to list
•  Colcom posts USD 3,5m profit
•  Royal Bank bags Kenyan investor
•  FBC posts USD 15.7m profit
•  Govt to appoint advisors for Agribank privatisation
•  Zim ranks poorly on mining survey
•  Poultry producers target 70m day-old chicks
•  Interbank market to ease liquidity crunch