African Markets - Factors to watch on Feb 5

Tue Feb 5, 2013 5:23am GMT

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NAIROBI, Feb 5 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Tuesday.
    - - - - -
 EVENTS:
 SEYCHELLES - Consumer Price Index             . Seychelles releases January
 consumer price data. Year-on-year inflation in Seychelles fell for the
 sixth straight month in December to 5.8 percent from 6.2 percent a month
 earlier.  
 
 TANZANIA - East African Petroleum Conference and Exhibition. The region has
 become a hotbed of exploration after several petroleum discoveries in the
 area pushed the region into the international limelight, with big natural
 gas deposits found in Tanzania and Mozambique and oil in Uganda and Kenya.
 
 GLOBAL MARKETS
 Asian shares slid on Tuesday as investors saw opportunities to cash in from
 recent strong rallies in the face of weak U.S. data and worries that a
 potential political shake-up could disrupt the eurozone's efforts to
 resolve its debt crisis.                
 
 WORLD OIL PRICES
 U.S. crude slipped on Tuesday to trade near $96 per barrel as traders
 booked profits on renewed euro zone worries following signs of political
 uncertainty in the troubled region, while a slightly firmer dollar also
 hurt prices.                
 
 MALI CRISIS
 Tuareg rebels in northern Mali said on Monday they had captured two senior
 Islamist insurgents fleeing French air strikes toward the Algerian border
 and France pressed ahead with its bombing campaign against al Qaeda's
 Saharan desert camps.                
     
 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 African stocks ended barely changed on Monday as investors juggled
 better-than-expected earnings results by a major gold miner with valuation
 worries after two straight sessions of gains that pushed the market to
 record highs.     
 * The South African rand          staged a brief recovery against the
 dollar on Monday before slipping back into line with broad dollar strength.
                
 
 NIGERIA MARKETS
 Nigeria's naira          traded flat against the U.S dollar on both the
 interbank market and official foreign exchange auction on Monday as strong
 dollar demand from importers was countered by energy company forex sales,
 traders said.                
 
 NIGERIA OIL 
 Nigeria's state oil company rejected on Monday an audit by a government
 agency accusing it of owing billions of dollars to the state coffers in
 missing oil and gas revenues.                
 
 KENYA MARKETS
 The Kenyan shilling was steady on Monday as rising interbank rates and a
 tight money market offset importer demand for dollars, while shares rose
 for the fourth session in a row.                
 
 TANZANIA MINING TAX    
 Tanzania's minerals minister said on Monday the government could impose
 windfall taxes on mining companies if they reap huge profits from the
 commodity cycle.                
 
 UGANDA MARKETS
 * Policymakers kept the benchmark Central Bank Rate at 12 percent on Monday
 after core inflation excluding food, fuel, electricity and metered water,
 which the central bank targets, surged in January despite a decline in
 overall inflation.                 
 * The Ugandan shilling        was unchanged against the dollar on Monday
 but analysts said it could gain if the central bank's decision to hold
 interest rates again buoys foreign demand for the country's
 debt.                   
 
 GHANA STOCKS    
 Ghana's bourse finishes higher for the second straight session as shares in
 banking, energy and dairy stocks rise on the back of impressive 2012
 earnings.                   
 
 IVORY COAST COCOA
 Dry, hot weather returned to top grower Ivory Coast's main cocoa regions
 last week, raising concerns over output and bean quality as the October to
 March main crop harvest wound down, farmers and analysts said on Monday.
                
 
 IVORY COAST WINDFALL TAX
 Ivory Coast is no longer considering a proposed windfall tax on gold mines
 and will instead focus on adjusting royalties and revising the mining code
 to increase state revenue, the head of Randgold Resources         said.
                
 
 ZAMBIA OIL    
 Zambia's mines and energy said on Monday the government would revoke oil
 exploration licences of companies that had been awarded them but had not
 started probing for crude.                
 
 BOTSWANA 
 Botswana forecast a budget surplus of 0.6 percent of GDP for 2013 but
 economic growth will not be as stellar as in previous years because of
 falling demand for diamonds, Finance Minister Kenneth Matambo said on
 Monday.                
 
 SUDAN
 Sudan has sold a cargo of oil of disputed ownership from South Sudan
 oilfields, a minister and trading sources said, in what is likely to be
 seen by the south as a provocation after security and oil transport talks
 between the two countries fell apart.                
 
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