Africa Weekly 08042011

Africa Weekly 08042011 - 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 08 April 2011 Regional s WACS prepares for landing; Africa receives USD 40bn in remittances; Investors should get in on Africa growth; Mozambique grew 6.5% in 2010 Southern Africa s Angola: 2012 customs duties to protect businesspeople; France investments get EUR 400m boost; Huge sums taken out of Angola s Botswana : Textile industry off to a solid start in 2011; Diamond exports rise by almost 1% y/y in Feb 2011 ; Botswana signs on more airlines s Lesotho : Inflation increases by 10bp; Lucaras tender yields gross proceeds of USD 8.18m; Firestone sells 2,162 carats s Malawi : Malawi gets MWK 3.8bn credit from WB; New state firm to bring fuel security; FMB to expand into Zim; NBS Bank's FY10 audited results s Mauritius : CSO raises 2011 growth forecast; Vodafone Mauritius tax ruling; Harel Freres expects 5% FY11 growth; MCB sees FY profit rising s Namibia : Financial reform on course; Govt set to raise NAD 10.1bn; Auryx expands drilling programme; North River exploration to start s Swaziland : Govt expenditures hits reserves; Nedbank records a profit of SZL 59.4m; Newera launches loan facility of up to SZL 100,000 s Zambia : 2010 export earnings up 67%; Maize output to rise 20%; MCM to inject USD 1bn in infrastructure; S.Africa firm to build USD 251m sugar plant s Zimbabwe : World Bank upbeat on Zim recovery; Zim faces large financing gap in 2011; Zimplats ignores seizure threat; ZBC needs USD 30m for upgrade East Africa s Kenya: Foton to set up assembly plant in Kenya; EABL overtaken by Diageos bid for Ethiopian Brewer; Jubilee Holdings FY10 profits jump 98% s Rwanda : CDF gets EUR 5.5m boost; Rwandatel loses its mobile license; BRD profits up 20% for FY10 s Tanzania : BOP surplus down 39%; Emergency 260MW plant to be constructed; Sanlam to invest in Tanzania; ABG to boost production s Uganda : IMF calls for tight fiscal policies; Coffee exports increased in March; Tight competition in banking sector benefiting customers West Africa s BRVM: Ouattara's forces told not to kill Gbagbo; Benin President sworn in for second term in office; Niger secures USD 99m China loan for uranium mine s Ghana: HFC PAT up 55.5% y/y; MTN Ghana considers private placement; PZC records 7.3% growth in PAT for 3Q11; Ghana Targets nuclear power by 2018 s Nigeria: USD 2.5bn refinery sees government approval soon; Dangote Cement Plc FY10 results; Export bank to guarantee local industrialists credits North Africa s Egypt: CBE sells EGP 6bn in bills; Tourism slumps due to unrest; Raya Technology profit up 2.4%; Update on Orascom Telecom and Algeria s Morocco: GDP growth slows to 2.8% y/y in 4Q10; Phosphates and derivatives exports surge 75.7% in Feb; Meditel 2010 earnings surge by 126% s Tunisia: 2011 economic growth below 1%; Operating profits of Al Baraka Bank Tunisia rise 4%; Tunisie Leasing launches a debenture loan...
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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 08042011 - The Africa Weekly Equity research...

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