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Africa Weekly 15042011 - The Africa Weekly Equity research...

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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 15 April 2011 Regional square6 IMF upbeat on Africa growth; MoneyGram looks to African growth; DRC vote 'on track for this year' Southern Africa square6 Angola: Return to double-digit growth in 2012; Standard Bank to open 12 more branches; Galp to more than double oil production by 2017 square6 Botswana : IMF revises Botswana's GDP growth forecasts upwards; Letlole la Rona launches IPO, 196m shares at BWP 1.50; New tobacco levy in the offing square6 Lesotho : Fiscal and BOP position improves during 4Q10 square6 Malawi : PCL FY10 profit up 37.5%; NBM profits dip 10.5%; IMF revises Malawi growth downwards; Stock market share value jumps by 525% square6 Mauritius : Inflation accelerates on food, fuel costs; Swan Insurance seeking 15% policy growth; MCB plans to buy all of Fincorp shares square6 Namibia : Vehicle sales rise; SME sector boost; Auryx Gold discovers two new zones of mineralization; FNB declares special dividend square6 Swaziland : Govt struggles to raise domestic debt; Protest march turns violent, Union leaders detained; MTN brings broadband opportunities for Swaziland square6 Zambia : Zambia records over USD 7bn in 2010 exports; Mopani taxi evasion in Zambia reported to NCP; Zambia's Konkola plans USD 172m copper project square6 Zimbabwe : Industry operating at 45%; Mugabe to proceed with foreign firm takeovers; Insurance fraud riles Afre boss East Africa square6 Kenya: Haco to set up food processing plant; Safaricom wins cheque truncation contract; BAT to introduce new brands; Fly540 launches flights to Juba square6 Rwanda : KCB Rwanda reports RWF 2bn loss for FY10; Rwanda takes custody of Libyan-owned hotel; Rwanda elected chair of UN-Habitat Governing Council square6 Tanzania : Offshore bidding round postponed to 2012; Mining growth projected at 7.7%; DCB’s PAT up 71.7% square6 Uganda : Aid to Uganda hits USD 1.8trn; African Diaspora remittances rise to UGX 40bn; DTB profits increase to UGX 6bn West Africa square6 BRVM: Mali's new Cabinet unveiled; IMF sees Senegal economy growing 4.5 % in 2011; Merrex Gold begins exploration; Semafo production falls 9% square6 Ghana: Ghana considers open auction for award of oil blocks; Ghana to get second oil refinery; Globacom launches fibre-optic cable square6 Nigeria: Naira sheds further weight; Nigeria to shortlist power bidders within weeks; Nigeria opposition fails to agree election pact; Skye Bank FY10 results North Africa square6 Egypt: Urban inflation increases to 11 month high; Central bank accepts repo’s; Cement Qena net profit declines in 1Q11 square6 Morocco: New projects and funds to boost innovation; Foreign interest in retail sector growing; Morocco to be honoured at the World Investment Conference square6 Tunisia: WB sets loans for Tunisia; AfDB reaffirms Tunisia support; 10% rise in March manufacturing exports; IMF predicts -1.3% GDP decline in 2011 MARKET MOVES WEEK % YTD % Botswana -0.4 7.7 Malawi 0.2 -1.8 Mauritius 1.8 4.4 Namibia 0.0 1.1 Zambia 2.4 14.0 Zimbabwe 0.5 5.3 Kenya 0.1 -9.8 Tanzania -0.5 1.9 Uganda 3.0
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