Weekly African Footprint: July 06, 2012

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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

•  BPC seals deal for 180MW power station
•  Morupule starts repaying BWP 1.2bn loan
•  Botswana adopts tax formula to attract non diamond minerals investors
•  Botswana economy rebounds in first quarter
•  Botswana could become a coal hub

Egypt

•  Egypt's El Sewedy to invest USD 350m in Niger
•  EFG-Hermes suitor's takeover approach stalls
•  New production stage for BG in Egypt
•  Crédit Agricole Egypt hosts conference to support Egyptian import and export
•  Egypt signs USD 1bn finance for food, energy
•  Egypt to offer 3bn EGP in reopened bonds
•  New Egypt government to approach IMF soon

Ghana

•  MTN Mobile Money Increase Payment Platforms
•  Huawei brings telepresence technology to Ghana
•  MTN Mobile Money Increase Payment Platforms
•  Jubilee oil production averages 63,100 barrels per day in 2012 first quarter
•  Ghana, Oil Partners to Invest USD 20bn in Oil Fields
•  Agoo mobile introduces electronic voucher distribution system
•  China Development Bank will release all USD 3bn
•  Turkey, Ghana to hold talks on steel sector
•  Mining sector contributes GHS 1.645bn in tax revenue

Kenya

•  AccessKenya eyes deals in the construction sector
•  Kenya Airways set to launch low-cost domestic service
•  BAT Kenya posts a 21% jump in H1 pretax profit
•  Kenya growth and inflation down, rates may be next
•  Milk processors get crafty to protect profit margins
•  Wary of sanctions, Kenya cancels Iran oil deal
•  Kenya cbank cuts rates, claims win over inflation

Maurtius

•  State Bank of Mauritius gets Moody's rating upgrade
•  Mauritius bourse approves Bharat Telecom listing
•  Mauritius central bank offers EUR 600m credit line for exporters
•  Mauritius inflation dips slightly in June

Morocco

•  Weak farming, hotels slash Morocco's growth in Q1

Nigeria

•  Nigeria favours local firms in USD 60bn oil deals
•  Heritage Oil to buy Nigeria assets in USD 850m deal
•  Renaissance Group To Invest USD 1bn In Nigeria’s First Eco-Friendly Real Estate
•  Nigeria's Union Bank posts USD 750m 2011 loss
•  Nigeria's "bad bank" may list nationalised lenders
•  Northern flour mills, Aso Savings’ profits decline
•  Shareholders task govt as Tantalizers declares profit
•  Tiger Brands buys stake in Nigerian flour business
•  AMCON may list three nationalised banks
•  Daewoo to generate 10,000MW electricity in new deal with Nigeria
•  UAC boss seeks reduction of company income tax
•  Nigeria fx reserves fall 2% in June to USD 36.8bn
•  CBN: FG Generated N900bn in April
•  World Bank to back Nigeria’s agric programme with USD 500m grant
•  Nigeria, Epic Sign USD 7.5bn Refinery Deal
•  Nigeria signs USD 4.5bn refineries deal with Vulcan Petroleum
•  Banks’assets, liabilities hit N19.8tn
•  Nigeria,Canada Trade Volume Hits USD 3bn
•  Nigeria imports NGN 768bn goods from U.S. in 2011
•  Nigeria plans USD 1.57bn treasury bill sale
•  Nigeria plans NGN 200-280bn 5-10 yr bonds in Q3
•  Treasury Bills Yields Stunt Loan Growth
•  CBN Slashes Dollar Supply to BDCs by 33%
•  FG seeks public inputs into 2013 budget

Tanzania

•  Movitel in talks to secure Tanzanian NICTBB bandwidth
•  Tanzania exports USD 7bn good, services in one year
•  Tanzania cuts fuel prices, may ease inflation
•  Automated trading of Tanzanian debt seen boosting liquidity

Zambia

•  Zambian Breweries embarks on Ndola plant expansion
•  Chinese firm to set up ZMK 1bn steel plant
•  Mopani wraps up USD 1.5bn feasibility study
•  Zambia Sugar awaits ERB’s approval to start generating power
•  Three breweries to spend ZMK 160bn annually on local grain
•  Zambia continues to record trade surplus
•  Zambia central bank leaves benchmark rate steady at 9%
•  Kwacha rises after dollarisation ban
•  Zambia copper prospect poised for drilling as mapping, sampling are concluded

Zimbabwe

•  Fidelity to seal USD 21m housing loan
•  BNC rights offer gets nod
•  Trust to finalise deal with European investors
•  Dawn disposes non-core assets
•  TelOne rolls out broadband
•  ZESA to develop hydro power station
•  CFI courts investors for poultry business
•  Pioneer revenue up 7%
•  Telecel names local CEO
•  Mwana Africa revenues up 86%
•  ZSE Initial Public Offer on course
•  TN demerger gets nod
•  Interfin ‘owes’ govt USD 47m
•  Hwange Colliery seeks USD 50m
•  Zim could miss growth targets: AfDB
•  Production costs weigh down gold miners
•  Capacity utilisation declining
•  CSD a done deal