Africa Weekly 25032011

Africa Weekly 25032011 - 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 25 March 2011 Regional s SABMiller upbeat on SSA; West hits Libya forces, France sees "weeks" of war; Massmart, Walmart mull legal options; Euro crisis delays SADC currency plan Southern Africa s Angola: USD 100m funding secured for Cambambe dam; Demand for foreign currency too high s Botswana : GDP to grow by 6% over the medium term; Iamgold seeks new license as Mupane mine nears closure; BTC privatisation gains momentum s Malawi : Limbe prices excite Bingu; WB to loan extra MWK 2bn for irrigation; Malawi's economy under microscope; First Merchant Bank profit grows by 31% s Mauritius : FDI rose 60% in 2010; Tourist arrivals up 6.9% y/y in Feb; Exports rose 11% in 2010; C.banker warns on price stability ahead of meeting s Namibia : CGNPG offer for Kalahari may be cut; Chariot expects oil in Namibia; Namdeb to invest NAD 5bn; Paladin optimistic on uranium prices s Swaziland : Swaziland to get SZL 1bn loan from AFDB; Old Mutual disposing of 10% equity stake; Environmental concerns hindering mine reopening s Zambia : Power sector to add USD 2.57bn to GDP; ZRA losing 10% income through tax evasion; Barclays stakes 15% in agriculture s Zimbabwe : SA gives USD 30m for Agribank; Botswana, Zimbabwe ratify key agreement; Inflation drops to 3% y/y; Zimbabwe gets nod to export diamonds East Africa s Kenya: MPC raises base lending rate; Access Kenya Group records loss for FY10; CFC Stanbic Holdings Ltd returns to profitability for FY10 s Rwanda : Rwanda grows 7.5% in 2010; Development of Geo-thermal electricity to cost USD 935m; Rwandair improves in-flight entertainment s Tanzania : February inflation up to 7.5%; Telecoms subscription slows down s Uganda : Uganda slips further in tourism ranking; Libya investments in Uganda face uncertainty; Roads and energy priority sectors in next budget West Africa s BRVM: Anti-Government rally disturbs Senegal; Benin opposition leader rejects election result; Ivorian export embargo holding; Endeavour looking to buy s Ghana: GSE to increase capital requirement of brokerages; National Gas Development Taskforce denies Ghana, Trinidad JV s Nigeria: CBN hikes interest rate to 7.5%; New capital market rules expected; Nigeria holds first FX forwards auction; GT Bank reports FY10 EPS of NGN 1.64 North Africa s Egypt: Gates assures Egypt of continued aid; CBE to draft a new banking law; MSCI watches Egypt and its index inclusion closely s Morocco: Central bank to leave rates steady as inflation eases; Morocco receives EUR 300m from AfDB; Over 35,000 demonstrate in Morocco s Tunisia: USD 120m to support democracy; A difficult start for the tourism sector; Leather and shoes industries grow; S&P affirms ratings on five banks MARKET MOVES WEEK % YTD % Botswana -0.3 7.9 Malawi -0.6 -2.0 Mauritius 2.2 1.1 Namibia 0.0 1.0 Zambia 0.4 9.1 Zimbabwe -1.4 9.3 Kenya -3.0 -12.6 Tanzania...
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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 25032011 - The Africa Weekly Equity research...

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