Weekly African Footprint: May 17, 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’s inflation slows to 7.2% slows to 7.2% y/y in April

Egypt

•  Citadel says 2012 loss narrowed by 12%
•  Centamin Q1 earnings jump 71%, operations on track
•  OCI parent cuts offer price in Egypt delisting plan
•  GB Auto boosted by record sales revenues
•  Egypt given USD 3bn Qatar deposit at 3.5%
•  New Egypt central bank ruling a blow for local money market funds

Ghana

•  Deutsche Bank set to open in Ghana
•  GSE prepares to launch new alternative exchange
•  Ghana to issue second Eurobond
•  Inflation inches up 10.6% in April

Kenya

•  Cigarette maker seeks ban on Uganda firms
•  Non-voice revenues drive Safaricom profit surge
•  Co-op Bank Q1 pretax profit up 31%
•  Uchumi to open 13 supermarkets across east Africa
•  Safaricom warns on mobile banking tax as profit surges
•  Diamond Trust bank Q1 profit up 28%
•  Safaricom share price under pressure at bourse
•  Kenya will meet all ICC obligations—Uhuru
•  CMA set to set up oversight of listed firms
•  Kenya well placed for debut Eurobond in Q4 2013: IMF

Maurtius

•  Mauritius 15yr inflation-linked bond margin falls to 2.7%

Nigeria

•  Dangote Sugar records 31% profit in Q1
•  UBA bounces back, posts NGN 54bn
•  Guinness Nigeria says 9-month pretax profit falls 17.5%
•  Dangote Sugar withdraws investment from Algeria
•  Lafarge Nigerian unit to cut bank debt this year
•  Total pretax profit falls to NGN 1.85bn
•  Cadbury Q1 pretax profit up 185% yoy
•  FG benchmarks borrowing at 40% of GDP
•  Nigerian economy grew by 6.56% as inflation rises to 9.1%

Zambia

•  CEC invests millions in optic fibre
•  Zambia Sugar increases production
•  2012/13 maize output seen down 11%

Zimbabwe

•  Kingdom Bank in sound state
•  AFRE seeks break with past
•  Big Law Management launches ZSE data widgets
•  David Whitehead survives liquidation
•  Delta earnings up 36%
•  Nestle Zimbabwe embarks on dairy revival
•  Zimbabwe faces acute wheat shortage: CFU
•  RBZ to up minimum capital requirements
•  Pension funds face scrutiny
•  State to take over USD 600m ethanol firm
•  Micro Finance, Securities Bills pass