Weekly African Footprint: February 22 , 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

•  Jwaneng to anchor De Beers recovery
•  Textile sector eyes BWP 500m bailout
•  Inflation to remain outside Bank of Botswana’s target

Egypt

•  Hermes maintains OCI fair value at EGP 275/share
•  Juhayna profit jumps to EGP 325m in 2012
•  Alexandria Medical Center profit hit EGP 9.6m in 2012
•  Egypt CIB’s fourth-quarter net profit rises 7%
•  CRC grants SODIC 3 years to develop Eastown
•  Egypt to start rationing subsidised fuel in July
•  Egypt to seek IMF talks as it reveals grim economy data
•  Foreign investment in Egypt drops to almost zero-minister

Ghana

•  WAGPco to resume gas operation to Ghana on April 30
•  Ghana government cuts fuel subsidies, prices jump
•  Ghana 91-day bill yield rises to 22.9940%
•  Ghana to send delegation to go to China to resolve loan difficulties
•  Ghana targets annual growth of at least 8 pct in next four years

Kenya

•  Kenya's NIC Bank profit rises on loan book growth
•  Kenya's Kengen plans to raise 30 bln shillings for power plants
•  IMF to help State develop policy on mineral wealth
•  Kenya’s top coffee prices jump at auction
•  Kenya's power distributor seeks to triple tariffs by 2015

Malawi

•  Malawi workers threaten to shut airport, IMF holds talks
•  Malawi state workers end strike after pay hike deal

Maurtius

•  NMH Q1 profits fall as economic headwinds hurt hotels
•  Rogers’ profits boosted by New Mauritius Hotels stake
•  Mauritius’ Lux Island Resorts first-half profit rises
•  Mauritius trade deficit narrows 27 pct in December

Nigeria

•  Union Bank transfers pension to PFA’s
•  Oando Promises High Dividend as Rights Issue Closes
•  Nigeria Nestle shares hit new highs, up 30% this year
•  Nigeria LNG to raise $1.6bn to buy six ships
•  Bond yields fall on rising appetite for equities
•  Nigerian Economy to Grow 6.8% in 2013, Inflation 9.8%
•  Nigeria oil firm fears key energy law will be derailed
•  Nigeria says to fix Port Harcourt refinery in April-May
•  Nigerian offshore attacks surge as pirates advance

Tanzania

•  Tanzania External Debt Hits U.S. $10.7bn
•  Tanzania hires for privately-placed floating rate note

Zambia

•  KCM plans to increase copper production
•  CSR integral in business strategy
•  IFC supports Zambeef expansion drive
•  Bahamas eyes Zambian cement market
•  Zambia revokes Chinese mine licences on poor safety

Zimbabwe

•  Lifestyle Holdings turns to Mauritius
•  Standard Chartered eyes more Zimbabwe private equity deals
•  Cambria poised for Zambia expansion
•  NMB placement approved
•  Econet, Stanbic Bank in tie-up
•  RioZim require $300 million
•  Aon Plc announces Zimbabwe exit
•  Govt gives local firms ultimatum
•  Zimbabwe inflation slows to 2.51% in January
•  ZSE eyes more recapitalisation
•  EU eases Zimbabwe sanctions, gives pledge on diamond firm
•  Zimbabwe starts paying Zambia debt to enable hydropower project
•  Transfer secretaries defy SECZ