Weekly African Footprint: October 05 , 2012

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

•  G4S looking to DTC for growth
•  No fuel shortage in Botswana

Egypt

•  Egypt's Citadel Capital eyes Uganda's oil refinery project
•  Citadel Capital says net loss narrowed in Q2
•  FDI in Egypt grows 66% in Q4, business risks persist
•  Egypt money supply climbs 8.9% in year to August
•  Egypt signs USD 1bn Turkish loan deal
•  After falls, yields on 91, 266-day Egypt bills edge up
•  Egypt's petrol authority to receive USD 235m loan from Saudi banking group
•  European bank expects to start Egypt investment in November
•  Egypt talks on USD 4.8bn IMF deal delayed
•  Finance minister says budget deficit is LE170bn
•  IMF delegation to visit Egypt in late October
•  Egypt wheat buyer moves markets as he ensures bread supply
•  Egypt economic reforms must protect the 'vulnerable': IMF
•  T-bill yields steady after delay in IMF talks

Ghana

•  91 day bill yield rises
•  Domestic airlines struggle to survive
•  Ghana Ripe For Foreign Investment

Kenya

•  Court blocks ban on CMC directors
•  KenGen plans joint ventures to boost geothermal power production
•  Stanchart to raise Sh3.2bn to fund growth
•  Canada's Simba Energy to drill for oil in Kenya in 2013
•  Kenya FY tea earning seen up 1% at USD 1.3bn
•  Tea earnings to hit Sh110bn
•  Kenya to penalise slow oil and gas explorers
•  Somalia incursion cuts flow of illicit money into Kenya
•  Kenya Power turns to GPS in war on theft of electricity
•  Kenya coffee prices rise at latest sale, amount sold drops
•  CBK in plan to automate sale of treasury bonds
•  Kenya's 182-, 364-day T-bills yields rise at auction
•  Central Bank drafts money laundering law as D-day nears
•  Kenya's 91-day T-bill yields rise to 8.439 pct

Malawi

•  Malawi to cut 2012 growth forecast: finance minister
•  Malawi central bank leaves benchmark rate at 21%
•  Malawi central bank slashes 2012 growth forecast

Maurtius

•  Mauritius unemployment rate rises to 8.2%
•  HSBC scales back Islamic business in global review

Nigeria

•  AMCON recovers NGN 800bn from bank debtors commends CBN blacklisting of bad borrowers
•  Shell shuts major oil pipeline in Nigeria
•  Infractions: NSE indicts First Bank, Oando, John Holt, others
•  Union Bank of Nigeria Pays USD 800m Debt to Central Bank
•  Guaranty Trust Bank Falls Most in Over Three Months: Lagos Mover
•  Lafarge-Wapco cement production hits 3.8 tonnes
•  First Bank, Nestle, others join NSE’s market making initiative
•  Unilever set to unlock tea’s goodness with product
•  Tiger Brands buys 63% of Nigeria's Dangote Flour
•  Union Bank targets top five position in banking sector
•  Banks’ compliance with CBN’s NOP directive strengthens naira
•  EFCC blames cash based economy for crime and terrorism in Nigeria
•  Pension Assets now NGN 2.74tn
•  Nigeria’s economy records 7.1% GDP, attracts N6.8trn FDI in 9 months – Jonathan
•  Nigeria earns N5.5tn revenue in 8 months
•  Nigeria joins JP Morgan government bond index
•  Nigerian banks seen as key backers of power investors
•  SEC plans independent director for broking firms
•  Nigeria naira firms to 2-week high versus dollar
•  Asset managers seek full dematerialisation of processes on the Exchange
•  Nigeria plans NGN 172bn T-bill auction
•  FG Unveils New Tax Incentives for Investors, Employers
•  Trade between Nigeria, Brazil hits NGN 1.5tn

Tanzania

•  Tanzania licences first credit reference bureau
• Tanzania should fix electricity sector to maintain growth: IMF
• Tanzania Q2 GDP growth capped by mining, power drops

Zambia

•  Zanaco loan book at ZMK 2tn
•  KCM boosts Nchanga mine’s life
•  Cavmont Bank declares loss of ZMK 5.2bn
•  Mkushi Copper to invest USD 6.2m
•  Microfin minimum capital requirement coming – BOZ

Zimbabwe

•  Zimasco suspends buying chrome from small-scale miners
•  Emirates commences daily flights
•  General Beltings finds the going tough
•  Van Hoogstraten blocks RTG USD 15m rights issue
•  Econet launches new promotion
•  Zimplats invests USD 30m in proposed refinery
•  BNC seeks USD 60m more
•  NSSA okays USD 10m loan to RTG
•  Mozambique Airlines resumes Harare flights
•  BAT bows to Zimbabwe indigenisation
•  NRZ needs USD 2bn to recapitalise
•  Afre seeks USD 8.6m through rights issue
•  Nigerian court backs Econet’s USD 3bn claim
•  Border Timbers tackles debt burden
•  RBZ cautious on Treasury bills
•  Wheat production declines, high costs cited
•  RBZ cautious on Treasury bills