Weekly African Footprint: March 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.

Egypt

•  IMF says talks constructive on possible Egypt aid deal
•  Egypt tries to attract foreign investment in state debt
•  Egypt moves to help foreign investors send funds home
•  Egypt rejects link between IMF loan and stalled polls
•  Egypt freezes assets in share trading inquiry
•  Egypt says IMF talks didn't agree anything specific
•  Egypt rate decision too close to call
•  Egypt sees IMF deal, first tranche by end-June
•  Egypt raises rates to curb inflation, support pound
•  Moody's downgrades Egypt, citing unsettled political conditions, weak finances
•  Egypt bakers delay strike, expect to meet Kandil next week

Ghana

•  Ghana’s State Pension Fund Taps Growing Middle Class With Malls

Kenya

•  KQ to receive cargo plane next week
•  Safaricom Falls on Technical Sign Rally Overdone
•  Rise in asset values, turnover lift profit at Kenya's Limuru Tea
•  World Bank sets aside Sh3.8bn in power production deal
•  Kenya shilling edges down against the dollar, petition eyed
•  Kenya 2012 tourism revenues dip on security fears
•  Kenya shilling firms on tea export inflows, shares flat
•  Kenyan shilling weakens, shares fall

Maurtius

•  Mauritius trade deficit narrows 3.6 pct yr-on-yr in January

Nigeria

•  Nigeria's Zenith Bank to list in London this month
•  Nigeria's Zenith Bank in $850 mln London listing
•  Ecobank says Nigeria ban won't affect its business
•  Nigeria inflation rises to 9.5 percent in February
•  Nigerian Central Bank Set to Keep Key Rate at Record High
•  Nigeria to take action to slash local debt this year
•  NSE stops operators from distributing market information
•  Nigerian court declares fuel deregulation illegal
•  Nigeria further depletes oil savings for spending

Tanzania

•  Barclays vows to increase investment in Tanzania
•  Inflation Drops Slightly to 10.4 Percent in February
•  Tanzania to build strategic reserve, seeks oil products term deal

Zambia

•  World Bank Group approves Zambia’s strategy 2013-16
•  Zambian Kwacha Falls to 6-Week Low as Ex-President Questioned
•  Parastatals urged to list on LuSE

Zimbabwe

•  Africa Sun eyes 8% growth
•  Domestic sales fire Lafarge revenues
•  Econet outlines plans for TN Bank
•  Local investor eyes Zimpharm
•  DZHL eyes growth
•  February inflation rate rises
•  Government to overhaul Mines Act
•  SMEs bourse starts in September
•  Commodity prices fuel inflation
•  Zimbabwe economy can rise