Weekly African Footprint: November 30 , 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

•  Jindal gears to exploit Mmamabula
•  Barclays cautions shareholders
•  Govt mulls abolishing tax on savings

Egypt

•  Orascom earnings fell 30.7% in Q3
•  Egypt to receive around 12m tourists in 2012
•  IMF spokesperson: Loan contingent on implementation of policies
•  Egypt protests won't affect IMF deal, minister says

Ghana

•  ARB Apex Bank makes significant gain in 2011 financially year
•  MPC retains rate at 15%
•  Low Insurance premiums threatens brokers

Kenya

•  Tullow confirms oil in second well
•  Barclays reports single-digit profit growth to KES 6.2bn
•  Kengen to open thermal plant
•  Safaricom ruffles banks with launch of new micro loan product
•  Kenya's Kakuzi issues profit warning for 2012
•  Kenya telecoms regulator cuts mobile connection rates
•  Slow GDP growth puts Kenya on the spot in EAC talks

Maurtius

•  Mauritian Property Developer Le Meritt Prepares To List
•  Mauritius sees slightly higher tourist arrivals in 2013
•  Mauritius holds key repo rate at 4.90%

Nigeria

•  AMCON to re-open Capital Oil depot
•  Oando’s LPG Programme to Save N5bn Annually
•  FBN Holdings Lists Shares on Stock Exchange
•  AfDB to assist Nigerian farmers with N80bn credit facility
•  FBN Holdings assures shareholders on value creation
•  Zenith Bank to introduce MasterCard Corporate Payment solutions
•  Julius Berger Nigeria Advances to Six-Month High: Lagos Mover
•  Nigerian Economy is Attractive to Foreign Direct Investment, Says Sambo
•  FG Works out Criteria for Telcos Listing
•  Budget transparency and the future of Nigeria’s sovereign ratings

Tanzania

•  CRDB Bank profits increase 60%
•  TOL posts 26pc increase in revenue
•  TBL dividend announcement sparks business boom on DSE
•  Investors scramble for government securities

Zambia

•  ZEMA approves USD 640m Kansanshi smelter
•  Zambia says tax avoidance led by miners costs USD 2bn a year
•  Current Kwacha depreciation false
•  Zambia miners asking for 50% pay rises -source
•  Zambia's growth seen at 7%
•  Factors needed to strengthen LuSE
•  Government to integrate Zambia into global economy

Zimbabwe

•  Innscor names new CEO
•  Meikles puts Tanganda on hold
•  Cresta bullish as group opens USD 6m conference centre
•  Dorowa Mine shuts down
•  Radar seeks shareholders’ approval
•  Govt shields AirZim
•  Government mulls industrial bank
•  Banks in panic mode
•  Foreign investors adopt a wait and see attitude
•  Supermarkets compete for profits
•  Government urged to incentivise exporters
•  Government pays USD 11,5m to lenders
•  ‘Foreign banks not worth their salt’