Weekly African Footprint: May 18, 2012

Please click here for the full report.
 

Botswana

•  Firestone Diamonds silent on frozen Boteti mine
•  Lucara Diamond Corp. Becomes a Producer
•  Botswana inflation slows to 7.5% y/y in April

Egypt

•  Telecom Egypt Q1 net up, business scene improves
•  Orascom Telecom Q1 net profit seen at USD 45m
•  Egypt's GB Auto quarterly net profit rises 61%
•  Egypt's Talaat Moustafa Q1 profit climbs 2.5%
•  Egypt's Maridive says 2012 Q1 net loss USD 1.6m
•  Egypt's Palm Hills shrinks first-quarter net loss
•  Citadel revises Egypt energy stake sale terms
•  Egypt's Mobinil approves France Telecom tender
•  Egyptian Resorts swings to Q1 loss
•  Egypt's FIHC buys 30,000 T sunoil, 19,000 T soyoil
•  Egypt's OCI shareholders approve company split
•  Egypt eyes 4-4.5% growth in 2012/13: minister
•  Egypt's cabinet approves new budget
•  Egypt resumes gas deliveries to Jordan

Ghana

•  Ghana extends Tap Oil exploration contract offshore Accra by 12 months
•  Golden Star says Q1 net income up 66%
•  Tigo Ghana launches voice chat service
•  Jubilee Field to realise 120,000 BPD target by 2013
•  MTN Ghana raises USD 276m for network growth
•  Ghana cocoa purchases down 6.7% in year so far
•  Ghana to issue GHS 300m fixed rate bond
•  900MW Power Plant for Domunli
•  Ghana central bank says foreigners will take up bond issue

Kenya

•  Kenya's Athi River Q1 pretax profit up 17%
•  Kenya's Uchumi to open three new stores in Uganda
•  Puma Energy Seeks 100% Kenolkobil Takeover
•  Barclays Kenya Q1 profit beats market expectations
•  CIC Insurance gets approval to list on the NSE
•  Tullow Says Kenya’s Oil Potential May Exceed Uganda
•  StanChart Kenya Q1 profit up 41%
•  Kenya tops Africa in mobile payments
•  South Africa set to be Kenya’s fastest growing tourist market
•  Kenya cuts 2012 growth forecast on high lending rates, polls
•  Kenyan signs USD 600m loan, eyes sovereign bond
•  Kenyan central bank seeks to mop up USD 24m via repos
•  Kenya near to sealing more offshore oil search deals

Malawi

•  IMF working on new Malawi support package
•  Malawi hikes 2012 inflation forecast to 15%

Maurtius

•  Mauritius' NMH H1 pretax profit down 2.2%
•  Profits double at Mauritius's Lux Island Resorts
•  Mauritius' MCB nine-month pretax profit falls 9%
•  Mauritius' Omnicane swings to a pretax loss in Q1
•  Ciel Textiles trebles 9-mths pretax profit on cost cuts
•  State Bank of Mauritius 9-month profit up 25%
•  Mauritius says April arrivals from Europe fall 5.1%
•  Mauritius re-opens 5.50% coupon 3-yr T-bond

Morocco

•  Moroccan firm to build Cameroon chocolate factory
•  Morocco trade deficit up 6% yr/yr in Jan-April
•  Morocco to keep low import duty regime for wheat
•  Morocco consumer price inflation jumps to 1.2% y/y

Namibia

•  Namibia CPI inflation slows to 6.4% y/y in April

Nigeria

•  Etisalat Nigeria: lack of power, sabotage affects service
•  Ecobank to Raise USD 2bn Next Year for Expansion
•  Dangote Sugar posts NGN 4.12bn profit in first quarter
•  Jonathan to open USD 100m SABMiller brewery in Onitsha
•  Etisalat to invest USD 500m in Nigerian operation
•  UAE Company Launches Broadband Service in Nigeria
•  Skye Bank oil loans exposure hits USD 1bn
•  Sterling Bank gross hits NGN 45.2bn in 2011
•  May & Baker declares NGN 33.4m loss in first quarter
•  Diamond Bank posts NGN 7.8bn first quarter profit
•  Nigeria power privatisation winners named in Oct-BPE
•  NGN 1.8trn will Flow into Cement Sector before 2015
•  Power: FG to Deliver USD 4bn Gas Projects by 2013
•  Nigeria inflation rises, driven by non-food
•  Nigeria signs NGN 157bn mining deal
•  Nigeria, France sign NGN 3.14bn MoU on power transmission
•  Nigeria's forex reserves rise to 21-mth high
•  Nigeria to sell NGN 126bn in treasury bills
•  FG in NGN 155bn Infrastructure Deal with Glencore
•  Nigeria bond yields rise on inflation worries
•  Nigeria issues NGN 70bn in 2017, 2022 bonds
•  Minister of Finance seeks speedy approval for NGN 1.8tn external borrowing plan
•  We’ve invested over NGN 1tn in networks, say GSM operators

Tanzania

•  Tanesco eyes new fuel deal
•  BG and Ophir Energy find more gas in Tanzania
•  African Barrick ups royalty pay to Tanzania by 1%
•  Tanzania to get USD 495m from donors for budget
•  Tanzania inflation falls again, seen stuck in double digits
•  Tanzania gold production up 13% in 2011
•  Tanzania mobile users up 22% in 2011
•  Plans ready for 100MW thermal power by 2014

Zambia

•  Zambia to target 8% growth over next 5 years
•  Companies jostle for oil supply tender in Zambia

Zimbabwe

•  Telecel slashes data bundle prices
•  Meikles injects USD 7,5m for status upgrade
•  Zimasco secures USD 35m to resuscitate furnace
•  Essar deal in limbo
•  African Sun returns to profitability
•  Essar strikes Munyati power deal
•  SECZ examines M&R deal
•  USD 50m boost for Fidelity
•  Delta, traders on collision course
•  African Sun to settle lease wrangle with Dawn Properties
•  Raw sugar price up 33%
•  Mining taxes top USD 311m
•  Banks urged to review interest charges
•  June deadline for power bids
•  Zimbabwe CPI quickens to 4.03% y/y in April
•  Zim platinum output rises
•  Chrome ban to be lifted
•  Govt to build coal conversion plant
•  Zimbabwe sees lower growth, higher inflation in 2012