African Markets – Factors to watch on Jan 11 – Reuters

NAIROBI, Jan 11 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
             - - - - -
 EVENTS:
 *GHANA - The statistics office to release consumer inflation
 data for December.
 *KENYA - The central bank auctions 182-day and 364-day
 Treasury bills worth a total 12 billion shillings.
 
 GLOBAL MARKETS
 Asian shares pulled ahead to two-month highs on Wednesday as
 investors looked to President-elect Donald Trump's news
 conference later in the day for any clues to his policies on
 tax, fiscal spending, international trade and
 currencies.                       
 
 WORLD OIL PRICES
 Oil edged up on Wednesday, lifted by reports of Saudi supply
 cuts to Asia, but prices were prevented from rising further
 over a lack of detail of these reductions and because of
 signs of rising supplies from other producers.            
      
 
 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 African stocks notched up solid gains on Tuesday, led
 by Anglo American          which rose sharply in the wake of
 a Chinese-inspired metals rally.            
 
 NIGERIA MARKETS
 Nigeria's bureau de change operators set their first ever
 reference exchange rate for the naira at 399 to the dollar
 on Tuesday, saying they wanted to help reduce the gap with
 the official interbank rate.            
 
 NIGERIA PETROLEUM
 Nigerian oil workers have gone on strike at the Oleh crude
 oil flow station in the Niger Delta oil hub because they
 have not been paid recently, a labour union official said on
 Tuesday.                    
 
 KENYA MARKETS
 The Kenyan shilling        was seen under pressure against
 the dollar on Tuesday due to demand from oil importers and
 the central bank sold dollars to support it, traders
 said.            
 
 TANZANIA ECONOMY
 The International Monetary Fund has warned Tanzania that the
 country's economic policies threaten its forecast for growth
 in fiscal year 2016/17 (July-June) of around 7
 percent.            
 
 MAURITIUS TOURISM
 Visitor numbers to Mauritius rose 11 percent in 2016
 compared with the previous year, driven by more arrivals
 from Europe, official data showed on Tuesday.            
 
 GHANA POLITICS
 Ghana's new President Nana Akufo-Addo named the co-founder
 of investment bank Databank, Ken Ofori-Atta, as finance
 minister on Tuesday as he seeks to revitalise an economy
 that is heavily reliant on commodities.            
 
 GAMBIA POLITICS
 Gambia's Supreme Court was unable to hear President Yahya
 Jammeh's legal challenge to his election defeat on Tuesday
 after judges from Nigeria and Sierra Leone failed to show
 up.            
 
 IVORY COAST POLITICS
 Ivory Coast's President Alassane Ouattara on Tuesday named a
 close collaborator and former prime minister Daniel Kablan
 Duncan as vice-president, a new post created under a
 constitution approved by referendum late last
 year.