The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - EVENTS: UGANDA - The central bank sets its benchmark lending rate. NIGERIA - The government presents next year's budget to parliament. Sources put the size of the budget at 7.2 trillion naira. GHANA - Expecting inflation data for November. KENYA - The central bank auctions a 2 year Treasury bond worth up to 30 billion shillings. GLOBAL MARKETS Asia shares crept cautiously higher on Wednesday while a hush settled on the U.S. dollar as investors felt certain the Federal Reserve would raise rates for the first time in a year, but were less sure what it might herald for 2017. WORLD OIL PRICES Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining a planned output cut. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS South Africa's rand ZAR=D3 was mostly flat on Tuesday as cautious investors awaited the outcome of this week's U.S. Federal Reserve's policy meeting. NIGERIA MARKETS Nigeria plans to sell 83.24 billion naira ($264.25 million) in short-dated treasury bills at an auction on Dec. 22, the central bank said on Tuesday. NIGERIA AUDIT Nigeria's government has found unrecorded debts of 2.2 trillion naira ($7.22 billion) left over from the previous administration, which turned up after an audit aimed at improving transparency, it said in a tweet. KENYA MARKETS The Kenyan shilling KES= was steady against the dollar on Tuesday although expected demand from oil importers was seen putting the local unit under depreciation pressure. GAMBIA CRISIS Gambian President Yahya Jammeh's ruling party challenged his defeat in a Dec. 1 election at the Supreme Court on Tuesday as West African leaders failed to reach a deal that would see him accept the result and end a deepening political crisis. SOUTH SUDAN REBEL LEADER South Sudanese rebel leader Riek Machar, who fled to Democratic Republic of Congo in August after fierce fighting, is being held in South Africa to stop him stirring up trouble, diplomatic and political sources said on Tuesday. ANGOLA INFLATION Angola's inflation quickened to 41.15 percent year-on-year in November from 40.04 percent in October, data from the national statistics agency showed on Tuesday.