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African Markets - Factors to watch on Feb 13 - Reuters

FEBRUARY 13, 2017

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NAIROBI, Feb 13 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - -

GLOBAL MARKETS The dollar rose against the yen on Monday on relief that U.S. President Donald Trump set aside tough campaign rhetoric over security and jobs in a smooth meeting with Japanese Prime Minister Shinzo Abe, with no mention of currency policy.

WORLD OIL PRICES Oil prices dipped on Monday on signs that global fuel markets remained bloated despite OPEC-led crude production cuts that have been more successful than most initially expected.

EMERGING MARKETS

SOUTH AFRICA MARKETS South Africa's rand and stocks strengthened on Friday, buoyed by higher commodity prices and shrugging off a brawl in parliament during President Jacob Zuma's annual state of the nation address.

NIGERIA ECONOMY Nigeria's economy is projected to have contracted 1.54 percent in 2016, according to a budget ministry document, with Africa's most populous country mired in its first recession in a quarter of a century.

NIGERIA SECURITY Boko Haram fighters have killed seven Nigerian soldiers and wounded 19 more in an ambush on a road in the northeastern state of Borno, the military said on Friday.

NIGERIA OIL Nigerian Vice President Yemi Osinbajo visited the oil-producing Delta region on Friday as the government sought to broker peace with militants whose attacks have hammered the country's crude production.

NIGERIA AVIATION The founder of Nigeria's largest airline Arik Air, placed in receivership earlier this week, accused the government of seizing Arik to meet a political goal of creating a "national carrier" and said he would challenge the move in court.

GHANA ECONOMY Ghana urgently needs to narrow its budget deficit, the International Monetary Fund said on Friday, after the 2016 gap came in at 9 percent of economic output rather than the Fund's target of 5.25 percent.

GAMBIA POLITICS Thousands of soldiers from West African bloc

ECOWAS will start returning home this month from Gambia, from where long-time leader Yahya Jammeh was forced to flee last month, paving the way for new President Adama Barrow to take office.

CENTRAL AFRICAN REPUBLIC SECURITY A top militant and three others were killed in Central African Republic when a U.N. helicopter fired on fighters advancing towards the town of Bambari, a rebel group said on Sunday.

KENYA ECONOMY Kenya has raised its tax revenue forecast for the financial year ending in June 2017 by 8.7 percent as efforts to boost collection start to pay off, officials said.

KENYA DROUGHT Kenya declared a national disaster on Friday, calling for aid to counter drought that is posing a major risk to people, livestock and wildlife.

CAMEROON PROTESTS Cameroon police killed two protestors and wounded 10 others on Friday in the latest bout of violence in the English-speaking northwest of the mostly Francophone country, police and political sources told Reuters.

SOUTH SUDAN POLITICS A South Sudanese general has resigned, citing abuses by the security forces against civilians and what he called increasing ethnic favouritism in the military, according to a letter seen by Reuters on Saturday.

SUDAN SECURITY Sudanese security forces have found explosive materials and foreign passports in an apartment they raided on Sunday after a small blast detonated in South Khartoum, the Interior Ministry said.

African Markets - Factors to watch on Feb. 13 - REUTERS

FEBRUARY 13, 2018

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - -

EVENTS: UGANDA - The central bank sets its benchmark lending rate at about 0800 GMT. The bank held the rate at 9.5 percent in December.

GLOBAL MARKETS Asian stocks pulled further away from two-month lows on Tuesday, lifted by Wall Street's extended rebound from last week's steep fall, but investors remained cautious ahead of U.S. inflation data later in the week. WORLD OIL PRICES Oil prices rose on Tuesday, lifted by a rebound in global stock markets that followed sharp falls last week.

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 slipped against the dollar in early Asian trade on Tuesday on reports the African National Congress party executive committee had decided to "recall" or remove President Jacob Zuma as head of state.

NIGERIA MARKETS Nigerian stocks shed 1.5 percent on Monday in late trades to drop to one month low as investors sold off shares from the relatively liquid banking sector.

NIGERIA CURRENCY Nigeria's central bank said on Monday it had injected $210 million into the interbank foreign exchange market, part of an effort to improve liquidity and alleviate the dollar shortages of the past few years.

KENYA MARKETS The Kenyan shilling KES= edged up against the dollar on Monday, remaining close to its highest level in more than 19 months, mainly due to portfolio flows and reduced political risk.

KENYA DOLLAR BOND Fitch Ratings has assigned Kenya's upcoming senior unsecured USD-denominated notes an expected rating of 'B+(EXP)'.

ZAMBIA FUEL PRICES Zambian fuel prices will increase from midnight on Monday due to rising international oil prices and the depreciation of the kwacha, the energy regulator said.

ANGOLA FOREIGN EXCHANGE Angola's central bank said on Monday it was the sole responsibility of commercial banks to sell foreign currency to the public and that it would sell forex only to large importers of essential goods.

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