Weekly African Footprint: May 11, 2012

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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.

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Botswana

•  Letshego's retail banking project takes shape
•  Mupane gold pumps out BWP 209m in gold
•  Non-mining sector growth seen decelerating
•  Botswana to open bids for coal-fired plants

Egypt

•  Egypt's Juhayna sees 14% drop in Q1 net profits
•  Centamin gold output rises, shares up
•  Egypt's Lecico says Q1 net profit up 2%
•  CIB's Q1 net jumps 64% as provisions decrease
•  Egypt foreign reserves see first gain since 2010
•  Telecom watchdog decision clears way for 4th Egyptian mobile operator
•  Egypt urban inflation falls to 8.79% in April
•  Egypt Suez Canal revenue at USD 433.1m in April
•  Egypt gets USD 1bn from Saudi as ties warm
•  Egypt state revenue up 23.5% over last 5 months

Ghana

•  Benso Oil Palm makes GHS 9.59m profit in 2011
•  Unilever Ghana records GHS 44.2m profit in 2011
•  UT Bank secures USD 55m capital investment
•  Ghana inflation hits one-year high of 9.1%
•  Ghana aims to double oil revenues
•  Ghana records USD 1.1bn investment in 2012 first Quarter

Kenya

•  Total Kenya posts cites high financing costs for Q1 loss
•  Puma Energy to buy stake in Kenya's KenolKobil
•  Tullow Oil says finds more oil in Kenya well
•  Simba Energy able to attract major partner in Kenya this year, says broker
•  Kenya's Safaricom's FY profit falls 5.4%
•  Kenya's Equity could consider overseas listing –CEO
•  Kenya's Diamond Trust Bank profit rises 54%
•  Price hikes and M-Pesa cushion Safaricom from fierce competition
•  Dairy industry set to earn KES 300bn in five years
•  CMA decries low stock uptake
•  Oil imports to weigh on Kenya shilling
•  Use of plastic money grows 40%

Malawi

•  Malawi central bank devalues kwacha by 50%
•  Malawi central bank jacks up rates to combat inflation

Maurtius

•  Sun Resorts profit growth helped by Maldives unit
•  Mauritius sugar firms plan merger by end-June
•  Rogers H1 pretax profit down 7%
•  Mauritius inflation falls again, central bank wary of rate cut

Morocco

•  Morocco’s Addoha to build cement plant in Cameroon

Namibia

•  Namdeb Invests NAD 150m

Nigeria

•  Skye bank earnings hit NGN 28bn in first quarter
•  First Bank to list holding company by second half 2012
•  AMCON mulls listing of bridged banks
•  Tiger Brands in talks with Dangote over flour unit
•  Lafarge WAPCO Posts Grows Profit by 151% in Q1
•  ConocoPhillips Seeking a Buyer for Its Nigerian Assets
•  Dangote Cement posts NGN 31.6bn profit
•  Ranbaxy plans new plant for Nigeria
•  Oando gas and power plans natural gas access for industries
•  Dangote to spend USD 7.5bn on expansion
•  Nigeria's Dangote eyes London listing by Q3 2013
•  Nigerian interbank rates up on T-bill sales
•  Eurobonds expose Nigerian banks to foreign exchange risk
•  Oil Imports Drop 40% in First Quarter
•  135,000 MW required to power economy
•  Nigeria’s recurrent expenditure up by 9.4% Okonjo-Iweala
•  FG targets 50% internet speed by 2015
•  Power sector privatisation on track - BPE
•  Telecoms: Expert forecasts USD 190m contribution to GDP
•  FMDA: Investment in Treasury Bills Now NGN 1tn
•  Nigeria to sell NGN 70bn naira in 2017, 2022 bonds
•  CBN Targets 63m Savings Accounts by 2020
•  NEC approves NGN 50b to subsidise electricity tariff

Tanzania

•  Petra Diamonds restarts output at Tanzania mine
•  Heidelberg's Tanzanian unit sees cement demand rising
•  Tanzanian president sacks finance, energy ministers
•  Tanzania Power Outages Slow Fourth-Quarter Growth To 6.5% -Govt
•  Tanzania sees strong 2012 GDP growth, plans Eurobond

Zambia

•  Zambia Sugar sees 2012/13 output above 400,000 T
•  African Energy Resources unearths new coal discovery in Zambia
•  First Quantum agrees power tariff for Zambia mine
•  Zambia agrees export of 300,000 T maize to Zimbabwe

Zimbabwe

•  Telecel to expand network coverage
•  Board changes at Kingdom
•  TelOne completes fibre project
•  KFHL seeks rebranding approval
•  Nigerian court dismisses Bharti application against Econet
•  ADC to up stake in ABCH
•  Cambria Africa to seek ZSE listing
•  Delta Brews USD 75m Profit
•  Astra to sustain 167% profit
•  Flemiro snaps stake in Blanket Mine
•  SECZ tightens screws on listed companies
•  Miners engage ZESA over power supplies
•  Insurance sector shake-up looming
•  Zim economy on recovery path: AfDB