African Markets – Factors to watch on Dec 2 – Rueters

NAIROBI, Dec 2 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Friday.
    - - - - -
 EVENTS:
 *MAURITIUS - The central bank auctions 91-day, 182-day and 364-day
 Treasury bills worth a total 1 billion rupees.
 
 GLOBAL MARKETS
 Asian shares lost some of their recent gains on Friday, after
 lacklustre sessions on Wall Street and Europe, while 10-year U.S.
 Treasury yields and crude futures pulled back from multi-month highs
 hit overnight.                        
 
 WORLD OIL PRICES
  Oil prices slipped on Friday as some investors opted to cash out
 after Brent touched 16-month a high on Thursday, with optimism over
 this week's OPEC-Russia accord on cutting output giving way to
 questions on the "sticking point" of implementing the
 deal.                 
 
 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 weakened on Thursday as the dollar regained
 recent losses on improved economic data, while stocks kicked off the
 last month of the year on the backfoot as lower bullion prices hit
 gold mining shares.            
 
 AFRICA CURRENCIES
 Nigeria's naira is seen weakening further next week amid a crackdown
 on black market currency traders, while the Kenyan shilling may
 strengthen.             
 NIGERIA MARKETS
 Nigeria sold 117.16 billion naira ($372.46 million) in short-dated
 treasury bills at an auction on Wednesday, with yields broadly
 unchanged from rates at the previous auction, data from the central
 bank showed on Thursday.            
 
 NIGERIA BANK LOAN
 Nigeria's United Bank for Africa (UBA)          has secured a $150
 million loan deal with the African Development Bank (AfDB) to
 support infrastructure projects in Africa's top economy, the bank
 said on Thursday.            
 
 KENYA MARKETS
 The Kenyan shilling        was firm against the dollar on Thursday,
 helped by remittances from Kenyan nationals working abroad, traders
 said.            
 
 KENYA OIL IMPORTS
 Kenya's oil importers bought more than 440,000 tonnes of oil
 products for January to early February delivery, about 7 percent
 more than what they initially sought through a tender, trade sources
 said on Friday.            
 
 WEST AFRICA CRUDE OIL EXPORTS
 West African crude exports to Asia are set to hit 2.1 million
 barrels per day (bpd) in December, the highest level since July
 2015, driven by pricing that made the grades more attractive when
 compared with supply from the Middle East.                
 
 SOUTH SUDAN UNREST
 Ethnic cleansing is taking place in some areas of South Sudan and
 the stage is set for a repeat of the Rwandan genocide, the head of
 the U.N. commission of human rights in the country said on Thursday
 at the end of a 10-day visit.            
 
 MADAGASCAR ECONOMY
 Madagascar needs to achieve growth of 6.5 percent to help it reduce
 poverty, the president told a donor conference in Paris on
 Thursday.            
 
 MOZAMBIQUE PETROLEUM
 Mozambique's National Petroleum (INP) expects to sign new oil and
 gas prospecting contracts by early next year with the companies
 awarded rights to test for hydrocarbons across the country, an
 official said on Thursday.            
 
 BOTSWANA MINING
 Russia's Norilsk Nickel           said on Thursday it has filed a
 lawsuit against Botswana-based BCL Group to recover $271.3 million
 plus damages it says it is owed from the sale of a 50 percent stake
 in the Nkomati mine in South Africa.