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African Markets - Factors to watch on Nov 14 - REUTERS

NOVEMBER 14, 2017

NAIROBI, Nov 14 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - -

GLOBAL MARKETS Asian stocks faltered on Tuesday as Chinese economic data disappointed and investors pondered whether a marked flattening in the U.S. yield curve might ultimately be a harbinger of a slowdown there.

WORLD OIL PRICES Oil prices fell on Tuesday as the cautious sentiment of the past week prevailed, despite ongoing OPEC-led production cuts and Middle East tensions.

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 tumbled more than one percent and the risk premium on government bonds soared on Monday over news of a top Treasury official resignation, financial woes at the sole power utility and political jostling in the ruling party.

NIGERIA POLITICS President Muhammadu Buhari is to visit southeast Nigeria this week, his spokesman said on Monday, his first trip since taking office to a region formerly known as Biafra. Calls for secession have become increasingly loud in the last few months in parts of the southeast, where the president is deeply unpopular, prompting Buhari to say he will not allow Nigeria to be divided by separatist groups

KENYA MARKETS The Kenyan shilling gained slightly against the dollar on Monday amid a local currency liquidity tightness, traders said.

KENYA AVIATION Kenya's government converted some loans to Kenya Airways into equity, lifting its stake to nearly 50 percent in an effort to return the carrier to profitability, the finance minister said on Monday.

GHANA CRUDE Ghana has opened talks with Exxon Mobil Corp to allow the U.S. oil firm to undertake deepwater exploration off its coast, a deputy energy minister said on Monday.

IVORY COAST Ivory Coast plans to end illegal cocoa farming in national parks and protected forests within five years, the minister for water and forests, Alain Richard Donwahi said on Monday.

ZIMBABWE Zimbabwe's top general warned on Monday that the military would not hesitate to step in to end purges against former liberation war fighters in President Robert Mugabe's ruling party after Emmerson Mnangagwa was stripped of his vice president's post.

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