NAIROBI, Jan 24 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
- - - - -
*Zambia - Bank of Zambia auctions 91,182,273 and 364-day T-bills at its
*Kenya - Central Bank auctions 91-day Treasury bills.
Asian shares edged higher on Thursday after manufacturing data from
China confirmed a recovery in the world's second biggest economy was on
track, easing nervousness caused by a sharp drop in Apple Inc
shares after its earnings report.
WORLD OIL PRICES
Brent crude held above $112 a barrel on Thursday, supported by upbeat
manufacturing data from China that could mean higher fuel demand to
come in the world's second largest oil consumer.
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Nigeria and Kenya will hold their first bond auctions of the year,
which are expected to be well subscribed thanks to attractive
SOUTH AFRICA MARKETS
The South African rand slumped to a near four-year low against the
dollar on Wednesday, breaching the psychologically key 9.0 level, on
growing uneasiness about the economy and officials' recent comments on
the mining sector.
South African stocks ended on a higher note on Wednesday, boosted
by strong iron ore production figures from mining giant BHP Billiton
and a positive trading update from industrial group Barloworld
NIGERIA FX RESERVES
Nigeria's foreign exchange reserves have climbed to their
highest in more than three and half years, hitting $45.26 billion by
Jan. 21, up 33.27 percent year-on-year, figures from the central bank
showed on Wednesday.
Nigeria's naira eased against the U.S dollar on the interbank
market on Wednesday, pressured by strong forex demand from importers
and lower than expected dollar supplies.
Kenya's central bank intervened in the market on Wednesday to prop up
the shilling after it dropped to a one-year low against the dollar.
Shares fell 1 percent as investors increased the pace of
profit-taking at the bourse.
The weighted average yield on Kenyan 20-year Treasury bond
rose to 13.694 percent at the auction from 13.540 percent at its last
sale in November, the central bank said on Wednesday.
Ghana's annual producer price inflation rose to 17.1 percent in
December from 15.8 percent in November, led by rising gold prices, the
West African country's national statistics office said on Wednesday.
Uganda will auction 13 blocks for oil and gas exploration when the
country's president signs a new bill governing the petroleum sector
into law, its junior energy minister said on Wednesday.
Cameroon robusta coffee exports more than tripled to 629 tonnes in
December, the first month of the 2012/13 season, compared to the same
period of the previous season, data from the National Cocoa and Coffee
Board (NCCB) showed on Wednesday.
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((Compiled by Nairobi Newsroom))
($1 = 87.4500 Kenyan shillings) Keywords: AFRICA FACTORS/
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