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African Markets - Factors to watch on Feb.9 - Reuters

FEBRUARY 09, 2017

NAIROBI, Feb 9 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. - - - - -

EVENTS: *Nigeria Labour Union representing millions of workers and the Trade Union Congress to hold a protest demanding for effective anti-corruption fight and good governance. *Kenya's central bank to auction 91-day Treasury bills worth a total 4 billion shillings.

GLOBAL MARKETS Asian shares climbed to their highest in more than 18 months on Thursday, as investors grew more confident about the world's second-largest economy while the dollar slightly firmed in the wake of growing concerns over political instability in Europe.

WORLD OIL PRICES Oil prices stabilised on Thursday, boosted by an unexpected draw in U.S. gasoline inventories, although bloated crude supplies meant that fuel markets remained under pressure.

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 inched higher on Wednesday, paring some of its recent losses as the price of gold rose, driven by investors searching for safe bets amid political worries in Europe and the United States.

NIGERIA MARKETS Nigeria plans to auction 110 billion naira ($360 million) of local currency bonds on Feb. 15, its second debt sale this year, the Debt Management Office said on Wednesday.

NIGERIA BOND Nigeria's parliament has approved the government's request to sell a $1 billion Eurobond to help the country finance its budget deficit, senate spokesman said on Wednesday.

NIGERIA PRESIDENT Nigerian President Muhammadu Buhari, who is on medical leave in Britain, is well and in no danger, the country's information minister said on Wednesday.

KENYA MARKETS Kenya's shilling was steady on Wednesday and it was expected to remain in a narrow range due to subdued demand for the dollar, traders said.

UGANDA MARKETS The Ugandan shilling remained stable on Wednesday, and was seen strengthening, helped by foreign direct investment flows across a range of sectors like real estate.

ZAMBIA INVESTMENT Canada's First Quantum Minerals plans to invest over $1 billion in a new smelter and modernisation of a copper mine in Zambia, a senior Zambian official said on Wednesday, but the company said the investment was "very conditional".

IVORY COAST POLITICS Ivory Coast's government said on Wednesday it will negotiate with elite special forces soldiers as a revolt, which saw them storm out of their barracks and seize a town in the coastal southeast, entered its second day.

ZIMBABWE POLITICS Zimbabwe's Constitutional Court dismissed a case against President Robert Mugabe on Wednesday lodged by an activist who accused the ageing leader of violating the southern African country's supreme law during protests last year.

NAMIBIA MINING Namibia's mines and energy minister expects the country's flagship uranium mine, the $2 billion Chinese-backed Husab project, to reach full output by August following delays last year due to a fire at its processing plant.

African Markets - Factors to watch on Feb. 9 - REUTERS

FEBRUARY 09, 2018

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

GLOBAL MARKETS Asian stocks fell on Friday, with Chinese shares slipping to multi-month lows after Wall Street shares dropped again in the face of rapidly-rising bond yields, while perceived havens such as the yen and Swiss franc were in demand.

WORLD OIL PRICES Oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies.

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 edged firmer on Thursday but remained above the crucial 12.00 mark against the dollar as the continuing stalemate over President Jacob Zuma's future capped demand.

NIGERIA SECURITY Nigeria's president on Thursday denied that government proposals to share out land to end a wave of violence over grazing rights amounted to "colonization" of fertile areas by his own ethnic group.

KENYA MARKETS Kenya's shilling gained ground on Thursday, staying within a 20-month high against the dollar, helped by inflows from agricultural exports coupled with low importer demand, traders said.

KENYA TOURISM Kenya's revenue from tourism jumped 20 percent last year, the government said on Thursday, as the sector continued to recover from a series of attacks on the country a few years ago that had deterred foreign visitors.

KENYA POLITICS The last of three television stations shut down by the Kenyan government last week resumed transmission on Thursday, the channel, Citizen TV, said on its Twitter feed.

KENYA POLICE A Kenyan court has convicted a policeman of murdering a suspected thief in 2013 in a rare victory for the independent police watchdog that brought the case, the Daily Nation newspaper reported.

GHANA BOND Ghana sold 1.99 billion cedis ($448 million) worth of a fresh five-year domestic bond on Thursday and the major commodity exporter will pay a yield of 16.5 percent, joint transaction arrangers said.

AFRICA CURRENCIES Ghana's cedi and Kenyan shilling are expected to firm next week on the back of export and investor inflows while the Tanzanian shilling is expected to remain under pressure.

TANZANIA INFLATION Tanzania's inflation rate remained unchanged at 4.0 percent in January, the statistics office said on Thursday.

GAMBIA COMNWHEALTH Gambia has rejoined the Commonwealth, the tiny West African former British colony's foreign ministry said on Thursday, five years after its now exiled former authoritarian leader withdrew his country, calling it a "neo-colonial institution".

CONGO VIOLENCE A military offensive launched last month by Congolese troops against Ugandan militants in eastern Democratic Republic of Congo is likely to force nearly 370,000 people from their homes, the United Nations said on Thursday.

ETHIOPIA INFLATION Ethiopia's year-on-year inflation rate edged down to 13.4 percent in January, the statistics agency said on its website.

ETHIOPIA PRISONERS Ethiopia will release 746 more prisoners, including a journalist and a senior opposition official who were jailed for conspiracy to commit terrorist acts, the attorney general's office said on Thursday.

MOZAMBIQUE HEALTH International financing organisation, The Global Fund, has approved a $515 million in new grants for Mozambique to fight AIDS, tuberculosis and malaria, it said on Thursday.

UGANDA MARKETS The Ugandan shilling traded unchanged against the dollar on Thursday, helped by tight local currency liquidity.

UGANDA COFFEE Uganda's coffee exports in December fell 9 percent year on year, dragged down by unfavourable weather, a report by the Uganda Coffee Development Authority (UCDA) regulator showed on Thursday.

RUSSIA AFRICA/FERTILIZERS Russian fertiliser producers Uralchem and Uralkali plan to boost sales in southeast Africa, their co-owner Dmitry Mazepin said on Thursday, after meeting the leaders of Zimbabwe and Zambia.

MAURITIUS INFLATION Mauritius' year-on-year inflation rate jumped to 6.2 percent in January from 4.2 percent in the previous month, the statistics office said on Thursday.

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