Africa Weekly 01042011

Africa Weekly 01042011 - The Africa Weekly Equity research...

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Unformatted text preview: The Africa Weekly Equity research | Pan-Africa | News & Analysis Refer to important terms of use, disclaimers and disclosures on back page. In this week's issue 01 April 2011 Regional s U.S. support order, defection could buoy Libya rebels; Build it and they will come; Most nations 'still not investing enough in agriculture' Southern Africa s Angola: Sonangol to sell more fuel at home; 2mtpa cement plant to be built; Govt gets USD 278m loan for satellite project; New refinery construction slows s Botswana : GDP grew 7.2% in 2010; Barclays grows HEPS by 12% in FY10; RDCP earnings rise by 1.3% in FY10; Stanchart FY10 EPS slides by 4.7% s Malawi : MCCCI apportions forex blame on informal sector; World Bank lends MWK 4.3bn to boost access to finance; ECA sees higher growth in 2011 s Mauritius : hikes repo rate to 5.25%; Petrol pump prices cut to ease inflation; Harel Freres PAT rises 10% due to merger; Omnicane FY10 profit flat s Namibia : Government unsatisfied with financial sector charter; Namibia Breweries 1H11 results; Wal-mart takes NCC to court s Swaziland : Govt proposes 4.5% salary reduction; SRA advises traders to update bonds; RSSC diverting ethanol to regional markets s Zambia : Lawmakers block Constitutional Amendment Bill; Chambishi copper plant resumes output; CEC to invest USD 900m in power by 2018 s Zimbabwe : MDC-T quietly urging investors to leave; Zim open for business; Recovery gets boost; Orascom in talks with Govt to reduce Telcel stake East Africa s Kenya: Inflation for March up to 9.19% ; NMG FY10 pre-tax profit surges 32.7%; Carbacid 1H11 EPS down 12.1%; Limuru Tea EPS up 177.5% to KES 62.4 s Rwanda : WB approves funding for skills development; Ministry of Health to invest RWF 26bn in boosting services; Tigo gets mobile money service license s Tanzania : TPCC net profit up 5%; Tourism earnings up 11%; Afren acquires block from Petrodel; Canaco drilling shows gold deposits close to surface s Uganda : Tullow Oil contests taxes; Revenue collections dip by UGX 13bn; Unstable UGX, food and fuel prices affecting economy West Africa s BRVM: Ivory Coast cocoa disruptions concerning; Benin court clears Yayi second term; ECOWAS lifts sanctions against Niger, Guinea s Ghana: February PPI rises to 22.3% y/y; Govt to float USD 500m bonds; Wilmar acquires 78% stake in BOPP; CFAO to delist on 1 April s Nigeria: MoF struggles to impose fiscal discipline; Access Bank to merge with Intercontinental; FCMB 2010 profit jumps to NGN 9bn North Africa s Egypt: Parliamentary elections set for September; EGX hours to return to normal; OTH make announcement about refinancing s Morocco: Central bank keeps bank rate unchanged at 3.25%; Morocco to authorise first Islamic bonds; CTM grows earnings by 45.9% in FY10 s Tunisia: President sacks interior minister; AfDB to provide funds; Review of the economic situation; Poulina starts in the bitumen industry MARKET MOVES WEEK % YTD % Botswana 0.3 8.2 Malawi 0.2 -1.8 Mauritius 0.8 1.9 Namibia 0.0 1.11....
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This note was uploaded on 05/20/2011 for the course ECON 5128 taught by Professor Ram during the Spring '11 term at Cambridge College.

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Africa Weekly 01042011 - The Africa Weekly Equity research...

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