Weekly African Footprint: July 13, 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.

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Botswana

•  Morupule Colliery starts coal shipments to SA, Namibia
•  Anglo wins final regulatory OK for De Beers deal
•  Mascom sets up BWP 180m innovation centre
•  Galane Gold to resurrect historic Monarch Mine
•  Diamond exports swing up 48%

Egypt

•  Egyptian Mortgage Refinance Company nets EGP 4.5m during Q1 of 2012
•  Egypt to offer EGP 10 in maiden 28-day repo sale
•  Egypt mobile subscribers up annual 23% in April: Official stats
•  Egypt urban inflation slows to 7.2% in June
•  Egypt foreign reserves inch up for 3rd month in row
•  Egypt labour demand falls 20% in May:
•  Egypt external debt drops USD 1.5bn in March, level still healthy: Central bank
•  Egyptian demand for steel demand fell 7.5% in May
•  Egypt awards crude oil export tenders for 2H 2012-traders

Ghana

•  GOIL is best performing stock in the first half-year
•  Ghana earns USD 903m from oil
•  India, Ghana entering into another level of talks over USD 1b urea plant
•  Ghana 2012 mid-crop cocoa seen down 60%-sources
•  Expansion of broadband spectrum to contribute GHS 1.5bn to GDP
•  Turkish investors urged to set up steel manufacturing in Ghana
•  Ghana inflation rises to 9.4%, seen peaking
•  Govt withdraws sovereign guarantee of STX Ghana

Kenya

•  Eveready seeks to extend Awori's tenure
•  Kenya’s Civicon wins USD 38.2m Lake Turkana Deal
•  Base Resources on track at Kwale Project in Kenya
•  African Queen recovers 3.33 g/t gold over 28 metres at Odundu, Kenya
•  Telecoms cash transfers hit KES 185bn
•  NSE still attractive despite tough climate, high rates
•  Kenya mobile phone users jump 15.8% in Q1
•  Massmart says in advanced talks to enter Kenya
•  Kenya remittances up 47% yr/yr in May –central bank
•  Kenya's house price stagnate in Q2, rent rises
•  Kenya leases all oil blocks

Malawi

•  Malawi central bank raises benchmark rate to 21%
•  Malawi cuts fuel price 6% on kwacha depreciation

Maurtius

•  Diversifying Mauritius sees steady investment flows in 2012

Morocco

•  Maroc Telecom looking for 11% job cuts - sources

Namibia

•  Namibia to launch rand bond in August: deputy finmin

Nigeria

•  Eni blames sabotage for Nigeria oil spillage
•  Court liquidates Afribank, Spring Bank
•  Dangote Flour awaits SEC’s approval on proposed merger with Tiger Brands
•  MTN brings high capacity broadband with WACS
•  Niger Insurance grosses NGN 7.8bn in 2011
•  Dangote Sugar Refinery to resume operations this week
•  Kaduna refinery now produces 3.5m barrels daily, says MD
•  UBA grows profit by 159% in half year
•  Q1: CCNN Suffers 48% Dip in Profit
•  Access Bank Plans Dollar-denominated Bond
•  Total to deliver 225m scf next year
•  Nigeria's Stanbic seeks approval to restructure
•  Shell, others to invest USD 62m in Nigerian Content
•  Diamond Bank first-half profit up fourfold
•  Fidelity is Nigeria’s soundest bank - Banker magazine
•  Nigeria spends NGN 991bn yearly to import rice, wheat
•  FG, Oil Firm to Establish 2 Refineries Worth USD 4.5bn
•  Pension funds contributions hit NGN 2.6tn
•  FG, Oil Firm to Establish 2 Refineries Worth USD 4.5bn
•  Nigeria leads Africa with USD 8.92bn FDI – Report
•  Nigeria's cabinet approves bill to overhaul oil sector
•  Fed Govt to auction N75b bonds
•  Microfinance Banks to face stress test before accessing funds
•  GTBank Emerges ‘2012 Best Bank in Nigeria’
•  UnityKapital posts NGN 414m profit

Tanzania

•  Bank M doubles net income to TZS 9.34bn
•  IMF approves USD 224.9m standby loan for Tanzania

Zambia

•  Dangote to get mining licence
•  Zamtel unveils new mgt
•  Zambia set for 1.5m tonnes copper output
•  Dollar limit sends Zambia kwacha jumping
•  Chinese firm plans USD 100m Zambia copper project
•  Zambia To Increase Copper Output
•  Zambia aims to diversify from copper

Zimbabwe

•  Mwana Africa revenue surges
•  TN Bank to list on ZSE
•  Victoria Foods faces liquidation
•  Essar directed to cede 51%
•  Telecel subscribers hit 2m
•  Zimplow USD 11,2m rights offer opens
•  TN Bank lists on stock exchange
•  RMB rebrand to Capital Bank
•  ZimTile profitability up 40%
•  RBZ courts suitors for Homelink
•  Tobacco sales rake in USD 500m
•  Foreign Direct Investment into Zim doubles
•  IDBZ disburses USD 100m
•  Zim set to amend Securities Act: Biti
•  Chinese firm to build power plant