Weekly African Footprint: November 16 , 2012

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

•  Maiden property index for Botswana

Egypt

•  SODIC swings to Q3 profit
•  Orascom Telecom Q3 numbers improve
•  CIB says Q3 net income rose 94.5%, beating consensus forecast
•  Central Bank receives 3rd tranche of Qatar’s USD 2bn deposit
•  Egypt to receive USD 6.3bn support from EU

Ghana

•  GCB to adopt sharper performance management system
•  AFDB boosts Ghana’s private sector
•  Valuation and Assets Services to establish local presence
•  Austrade mission arrives in Ghana to explore business opportunities

Kenya

•  Housing Finance lists KES 3bn bond at bourse
•  Stanchart records 68% profit increase
•  Co-op bank in 30% profit rise to KES 5bn
•  Liberalise oil sector in Kenya, experts appeal
•  Aggressive marketing drives life cover uptake

Nigeria

•  Nigerian firms lured by London Stock Exchange
•  Oando, others seeks to battle climate, health issues through increased LPG usage
•  Heineken Group invests NGN 333bn in Nigeria, others
•  Afreximbank gets EDC’s USD 30m loan to boost Africa-Canada trade
•  Nestle declares NGN 1.50 interim dividend for Q3
•  Atlantic Energy forms alliance with NPDC for four oil blocks
•  Dangote Flour Mills, Unity Bank join NSE market making stocks
•  Interbank rates fall on improved liquidity
•  Crude theft: Nigeria’s oil production slumps
•  PIB will open up Oil Industry to benefit Nigerians
•  Nigeria’s increased gas generating potential under threat
•  Govt loses NGN 1.7bn monthly to rice smuggling
•  FG moves to improve FDI, diversify economy
•  CBN, SEC to examine financial state of stockbroking firms

Zambia

•  Seedco to invest ZMK 30bn in production
•  Chibuluma to spend USD 28m on exploration

Zimbabwe

•  FBC in talks over Turnall stake
•  SeedCo to unveil new seed variety
•  Hwange seals USD 22m deal
•  FBCH submits capitalization plan
•  Government, Essar deal hits fresh hurdle
•  Tongaat Hulett keeps cool inspite of indigenisation threats
•  Blanket Mine gold output reach all-time high
•  ZMDC bids for Turnall stake
•  SEZ gives investors ultimatum
•  Hippo profits tumble
•  ZMDC courts Indian firm
•  Economic growth to slow down in 2013
•  Zim must look up to Malaysia: World Bank
•  AfDB considers $25m Zim grant
•  Agribank launches USD 15 maize facility
•  New law to rein in banks on cards