Weekly African Footprint: January 25 , 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

•  Debswana to unlock 70m tonne cache
•  Local banks immune to SA rating downgrades
•  Botswana outlook stable, but risk intensify—World Bank

Egypt

•  Egypt central bank offers USD 75m at 12th currency auction
•  Egypt’s Cbank allows foreign currency facilities for importers
•  Egypt says tourist numbers rise 17% in 2012
•  Agreement between Egypt and IMF to be renegotiated
•  Morsi says ‘counter-revolution’ is obstructing Egypt's development
•  Egypt's PM meets Lagarde in Davos on IMF $4.8 billion loan

Ghana

•  Ghana Gas Company to start commercial production in July
•  First National signs loan agreement with Goodwell
•  Ghana’s economy set to pick up speed in 2013
•  Gold prices drive up Ghana producer inflation
•  GSE records 24% return to investors for last year
•  IMF projects modest growth pickup in 2013

Kenya

•  Troubled Kenya Airways loses top boss as major shake-up continues
•  France Telecom eyes more Telkom Kenya directors’ seats
•  Kenyan remittances jump 31 pct in 2012 to record high
•  Banks moot E.A system of electronic payments
•  Kenya’s top coffee prices fall due to poor demand
•  Kenya to import over 500,000 T oil products for Feb-April
•  Kenyan Shilling Seen Weaker Before Vote on Violence Fears

Malawi

•  Reserve Bank of Malawi maintains interest rate at 25%, inflation persists
•  President Banda seeks more Chinese investors in Malawi
•  Malawi inflation quickens to 34.6% y/y in December

Nigeria

•  Diamond Bank records highest gain among SSA banking stocks
•  Sterling Bank, Fidelity lead banking stocks in capital gains
•  Naicon gets support on no premium, no cover policy
•  UBA Capital, AfriPrud Project N728m Profit for Q1
•  Nigeria to sell NGN 826.31bn in T-bills in Q1
•  Nigeria central bank keeps 12 pct rate, eyes spending
•  Nigerian oil bill delay hurting investment: President
•  Nigeria's FX reserves hit more than 3 1/2-year high
•  IFC to Boost Nigeria’s Bonds Market with $50m Issue
•  Nigeria says raised food production by 8m T in 2012

Tanzania

•  Dar es Salaam’s inflation declines at snail’s pace •  Tanzania overshoots coffee output forecasts

Zambia

•  EU gives Zambia KR238 million
•  Zambia’s emerald potential exhibited in US

Zimbabwe

•  Econet to pay US$27m
•  Excise duty slows Delta volumes
•  Freda Rebecca sets new record
•  Lifestyle Holdings goes offshore
•  Ecobank sets growth targets
•  Art Corp in the hunt for US$4m
•  Life assurance continues to rebound
•  Gold output up 13%
•  World Bank partners Govt to boost trade
•  $10,7bn external debt cripples Zimbabwe