NAIROBI, Feb 4 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
- - - - -
NIGERIA - Nigeria's statistics bureau reviews economic performance in 2012
and gives outlook for 2013-16
UGANDA - The central Bank of Uganda holds its monthly rate setting meeting.
The bank is expected to leave its key lending rate on hold.
Asian shares advanced on Monday, drawing momentum from U.S. data showing
some promise of a credible recovery, supported by Federal Reserve's easing
plans and solid manufacturing data from Europe and China.
WORLD OIL PRICES
Brent crude steadied above $116 per barrel on Monday, holding near a more
than four-month high, as data from top consumers United States and China
reinforced a view that the global economy was headed for a modest uptick
French warplanes pounded Islamist rebel camps in the far north of Mali,
military sources said, hours after French President Francois Hollande
visited the West African country.
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Kenyan borrowing costs are expected to climb in the weeks ahead after
inflation rose for the first time in 13 months, while thin liquidity in
Nigeria could dampen local appetite at a Treasury bill auction next week.
SOUTH AFRICA MARKETS
* South African shares tracked global stocks higher on Friday as platinum
producers such as Impala led the benchmark index to briefly touch
a life-time high.
* South Africa's rand was on track for a second day of gains against the
dollar on Friday, eyeing 8.85 as investors that had sold the currency due
to a gloomy economic outlook readjust their positions.
Nigerian stocks hit a 4-year high on Friday on bargain hunting
of banking shares and improved liquidity from a market making program on
equities that was intoduced late last year, traders said.
Nigerian authorities said on Friday security forces backed by helicopter
gunships killed 17 militants and destroyed two training camps belonging to
Islamist sect Boko Haram, one in a forest and one in a game reserve.
The Kenyan shilling was steady for a third straight session on Friday as
the central bank kept a tight rein on liquidity, while telecoms provider
Safaricom helped shares to a third day of gains.
Uganda's shilling should get some support next week from central bank
reluctance to resume interest rates cuts just yet, traders say.
Germany said on Friday it will unblock 7 million euros in frozen aid to
Rwanda, which the U.N. accuses of helping arm rebels in neighbouring Congo,
but warned the African state will be under continued international pressure
over its links with M23 rebels.
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((Compiled by Nairobi Newsroom))
Keywords: AFRICA FACTORS/
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