

The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Monday.
- - - - -
EVENTS:
NIGERIA - Outwatching the release of January inflation data.
GLOBAL MARKETS
Japanese shares jumped closer to a 33-month high as the yen
slumped on Monday after Tokyo dodged direct criticism from
G20 peers on the aggressive reflation plans that have
weakened the currency.
WORLD OIL PRICES
Brent crude rose slightly to hold close to $118 a barrel on
Monday after slipping at the end last week on signs of slow
economic activity in the United States, although the U.S.
and Chinese economies were still expected to support oil
markets.
AFRICA DEBT
A bond auction in Kenya this week is expected to draw
healthy demand amid increased liquidity, while Nigerian debt
costs are also seen falling next week in line with an
expected decline in inflation.
EMERGING MARKETS
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SOUTH ARRICA MARKETS
* The rand extended gains to end the week below the 8.80
resistance level on Friday, inspired by
stronger-than-expected U.S. data that boosted prospects for
global economic growth.
* South African stocks edged down 0.12 percent on Friday,
booking their first weekly decline in four weeks, as shares
of Impala Platinum were hammered again on news it would
issue a convertible bond.
NIGERIA MARKETS
* Nigerian stocks fel for fourth straight day
on Friday, pulled lower by mid-cap banking stocks Wema Bank
and Unity Bank as investors book
profits after recent gains.
* Nigerian interbank lending rates edged up to a weekly
average of 13.83 percent, from 13.33 percent last week, as
bond and foreign exchange purchases drained cash liquidity
in the market, traders said on Friday.
NIGERIA SECURITY
Gunmen kidnapped seven foreigners and killed a security
guard when they stormed the compound of Lebanese
construction company Setraco in northern Nigeria's Bauchi
state early on Sunday, police said.
KENYA MARKETS
* The Kenyan shilling held steady against the dollar
on Friday, supported by tighter liquidity and rising
interbank rates as investors focus on a presidential
election in early March, while shares fell for the second
day running.
* East African Breweries Ltd reported a sharp
drop in half-year profits on Friday due to a jump in its
interest bill, but said sales across the region were still
rising, helped by new product launches and growing demand.
KENYA ELECTION
* Kenya's High Court on Friday cleared the way for Uhuru
Kenyatta to run in next month's presidential election,
dismissing arguments that his looming trial on charges of
crimes against humanity made him ineligible.
* A man was killed when the bomb he was apparently trying to
assemble near a Kenyan primary school before it hosted a
presidential candidate's rally exploded, police said on
Sunday.
MALI REBELS
The top Tuareg officer in Mali's army urged France on Friday
to keep its forces in Mali for as long as it takes to drive
out Islamist rebels for good.
MAURITIUS COMPANIES
* Luxury hotel group New Mauritius Hotels (NMH)
posted a 14.5 percent fall in first quarter pretax profit
and said on Friday it expected earnings to maintain a
downward trend though the second quarter.
* First-quarter pretax profits at Mauritius-based
conglomerate Rogers jumped to 1.61 billion rupees
($53.6 million) from 128 million a year ago, it said on
Friday.
* Mauritius clothing group Ciel Textiles posted a
fractional dip in first half pretax profit on Friday, as a
jump in profit from woven items offset a sharp fall in
knitwear profits.
TANZANIA INFLATION
Tanzanian inflation resumed its downward trend in January
after a brief pause the previous month, due mainly to a
slower rate of increase in commodity prices, official data
showed on Friday.
BOTSWANA INFLATION
Botswana's consumer inflation quickened to 7.5 percent
year-on-year in January, from 7.4 percent in December. On a
month-on-month basis, CPI accelerated to 0.6 percent from
0.3 percent previously.
GHANA TBILLS
The Bank of Ghana said on Friday that the yield on its
91-day bill rose to 22.9940 percent at a Feb. 15 auction
from 22.9322 percent at the last auction.
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((Compiled by Nairobi Newsroom))
Keywords: AFRICA FACTORS/
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