NAIROBI, Feb 13 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
- - - - -
*GHANA - Bank of Ghana's Monetary Policy Committee announces benchmark
lending rate decision after a three-day review of the economy.
*Central Bank of Kenya auctions 182-day Treasury bills worth 4 billion
*KENYA - Barclays Kenya releases its full year 2012 earnings
results. The bank posted a 5 percent rise profit in the first nine months
of 2012 to 9.3 billion shillings.
*Botswana, Namibia, Mozambique and Malawi to release January inflation
statistics anytime starting Wednesday.
Asian shares inched higher on Wednesday while the yen was firmer amid
conflicting interpretations of G7 comments about the yen's recent
WORLD OIL PRICES
Brent crude steadied on Wednesday, holding just below a nine-month high
near $119 per barrel on forecasts for a faster-than-expected growth in
global oil demand this year, but easing tensions in Iran subdued
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SOUTH AFRICA MARKETS
South Africa's rand was weaker against the dollar on Tuesday, hit by a
fresh wave of risk aversion after North Korea raised global political
tension by testing a nuclear bomb.
Stocks drifted lower on Tuesday, weighed down by retailers due to
growing worries about the health of a credit-led consumer spending spree
after a major bank reported a spike in written-off debts.
The Kenyan shilling firmed against the dollar on Tuesday helped by the
central bank's squeeze on liquidity in the market, while the main share
index extended its rally to hit a 27-month high.
Tanzania will tap a credit line with the International Monetary Fund to
boost investor confidence in the African nation, whose currency has come
under pressure in recent weeks.
UGANDA INLAND PORT
Uganda plans to build an inland port on Lake Victoria near its capital
Kampala to reduce its near-total dependence on Kenya's Mombasa, plagued
by strikes and congestion, and vulnerable to disruption from any violence
around elections next month.
Ghana will issue a 400 million cedi ($210 million) three-year government
bond on March 7 to service maturing debts, the West African nation's
central bank said on Tuesday.
Zimbabwe's government told platinum producers on Tuesday to start
refining the metal locally within two years, placing a further
requirement on an industry already forced to surrender majority shares to
Also, Zimbabwe's High Court has ordered allies of President Robert
Mugabe, including the tourism minister, to leave a RioZim Limited
gold mine that they invaded last month, state media reported on
MOZAMBIQUE COAL RAILWAY
A railway line that takes coal from Mozambique's Tete province to an
export terminal at Beira was shut on Tuesday after heavy rains, an
official of the state-owned ports and railways group said.
The line is the only available export route for mining giants Vale
and Rio Tinto.
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((Compiled by Nairobi Newsroom))
Keywords: AFRICA FACTORS/
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