Weekly African Footprint: February 03, 2012

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Botswana

•  De Beers deal to bring over 200 diamantaires every month
•  Choppies sparkles on BSE debut
•  Botswana Metals seeks to raise USD 1.9m for copper, silver exploration
•  Damtshaa targets 300,000 carats
•  Botswana swings back to budget surplus for 2012
•  Botswana lifts ban on new coal prospecting permits

Egypt

• Egypt’s Citadel Capital Plans to Construct Refinery This Year
• Bisco Misr’s Cairo production restarts after strike freeze
• Centamin doubles Q4 profit, sees 2012 output up
• Egypt's Ezz Steel third-quarter net jumps
• IMF loan to Egypt will carry lower interest rate: Ministry official
• Egypt will continue its privatisation programme: Minister of planning
• Egyptian officials look to set up Islamic index
• Egypt's stock exchange readjusts indices
• Egypt central bank keeps rates steady, warns of inflation
• The first-ever FDI Policy debate set to take place next week
• Government inaugurates committee for review of mining-agreements.

Ghana

• Access Bank, Intercontinental Bank to offer free ATM services
• Tigo’s subscriber base dips further, as Vodafone rises
• Unilever Ghana Profit Rose 75% on Boost From Sale of Unit
• PMI Gold identifies additional gold-in-soil anomalies on Kubi project
• Ghana's SIC says net profit for 2011 slips 2.7%
• Glo Mobile Ghana releases another 1m numbers for reservation
• Cocoa production in Central Region up
• Ghana economic growth to slow to 8.1%

Kenya

• Kenyan Uchumi Supermarkets' H1 profit up 26%
• Kenya's Car & General 2011 pretax profit up 30%
• Kenyan battery maker Eveready posts FY loss
• Kenya Airways issues profit warning, blames euro zone crisis
• CIC Insurance Group applies for NSE listing
• AccessKenya Group to Invest KES 100m in Metropolitan Fibre Expansion in 2012
• Crisis-hit car distributor CMC swings to full year loss
• Current licence fees for telcom firms to stay, says CCK board
• Kenyan remittances up 39% in 2011
• Kenya finance minister eyes deal to unblock finance bill
• Kenya sees 5% GDP growth in 2012 with good rain
• Kenyan inflation slows for second month in Jan
• Kenya top coffee price edges up at latest sale
• Kenyan central bank leaves key rate unchanged
• Banks now turn to foreign lenders
• Kenya to list more exploration blocks by end-Feb

Namibia

•  Rio Tinto accepts Chinese offer for Kalahari
•  Namibia business climate index up

Nigeria

•  Dangote launches Ibese plant Feb 9
•  Oando denies benefiting from oil subsidy, claims N4bn outstanding
•  Flour Mills invests NGN 7bn in edible oil
•  NNPC says Kaduna Refinery still viable
•  Nigeria LNG in talks to raise USD 1bn to buy six ships
•  How will PHCN’s NGN 340bn liabilities be settled
•  Shell lifts Force Majeure on Nigerian Bonny oil
•  Court challenges Bharti's ownership of Airtel Nigeria
•  SunTrust floats NGN 20bn bond
•  Cash solid GE to invest in Nigeria’s rail, energy
•  Nigeria’s Demand for Steel Pipe Hits 1.2m tonnes
•  Fed Govt gets N4.89tr investment commitments
•  Power distribution to hit 6,308MVA, says Minister
•  Nigeria leaves key rate at 12% as expected
•  BPE opens power transmission to investors
•  Nigerian naira firms on NNPC dollar sales to banks
•  FG to Double Broadband Penetration by 6%
•  Fed Govt targets 2.1m tons of rice
•  Nigeria to sign pact on LNG project

Tanzania

•  Gas set to power Tanzania’s economy

Zambia

•  Vedanta Q3 profit dips, Zambia disappoints
•  Glencore offers 17% pay hike to Zambia miners
•  Zambia sees big electricity surplus, could export

Zimbabwe

•  Freda Rebecca gold output dips
•  TSL profits decline
•  CFI posts USD 6m loss
•  New units boost Phoenix revenues
•  Top banks face closure
•  Modzone requires USD 16m for recapitalisation
•  Emvest pulls out of Ariston Holdings
•  Mining levy hikes to hit Mimosa Platinum
•  Creditors, RioZim clash
•  Kingdom Bank to grow operations
•  Ariston seeks to raise USD 8m
•  Telecel targets 60% growth
•  Zim’s gold production surges
•  TIMB licenses four floors, fails to decentralise
•  RBZ to up capital requirements