Read
African Markets - Factors to watch on Feb 6
NAIROBI, Feb 6 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
- - - - -
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.
UGANDA - Bank of Uganda auctions 91-day, 182-day and 364-day Treasury bills
worth a total 100 billion shillings ($37.66 million).
KENYA - Central Bank of Kenya auctions 182-day Treasury bills worth 2.5
billion shillings ($28.54 million).
GLOBAL MARKETS
Asian shares recovered on Wednesday as solid euro zone data calmed nerves
jarred by potential political turmoil in Spain and Italy, while the
prospect of a dovish new governor for the Bank of Japan dragged the yen to
a new low.
WORLD OIL PRICES
Brent crude futures held above $116 per barrel on Wednesday after positive
economic data from the United States and Europe bolstered the view that the
global economy is on the mend.
MALI CRISIS
Pro-autonomy Tuareg rebels in Mali said on Tuesday they had occupied the
town of Menaka, extending their control of the remote northeast as they
position for talks with the government after the retreat of al Qaeda-linked
insurgents.
EMERGING MARKETS
For the top emerging markets news, double click on
AFRICA STOCKS
For the latest news on African stocks, click on
AFRICA PRIVATE EQUITY
Private equity funds completed $1.16 billion worth of deals in sub-Saharan
Africa in 2012, a near 10 percent increase from the previous year, a survey
showed on Tuesday.
ADDAX INVESTS IN AFRICA
Switzerland's Addax & Oryx Group (AOG) plans to invest $400 million in
Africa's energy sector over the next five years and to become the top
downstream firm in the region, its Chief Executive Jean Claude Gandur said.
SOUTH AFRICA MARKETS
South African stocks ended a touch higher on Tuesday with retailers among
the top gainers after an upbeat broker comment, while a guarded recovery in
major overseas equity markets added to the positive sentiment.
South Africa's rand rose against the dollar on Tuesday, buoyed by
slightly improved local unemployment data and a rally in European
markets.
NIGERIA MARKETS
* Nigeria's share index extends a week long rally to break
through a psychological support level of 33,000 points, lifted by bargain
hunting in banking and insurance stocks.
NIGERIA BOND
The World Bank's private sector arm, IFC, issued 12 billion naira ($75
million) worth of its debut Nigerian local currency bond on Tuesday with a
yield of 10.2 percent.
NIGERIA OIL
Gunmen ambushed an Indian-owned oil barge on Tuesday as it was being
escorted by the military through Nigeria's Niger Delta region, killing two
soldiers and one crew member on the ship, a security forces spokesman said.
KENYA MARKETS
Kenyan shares rose for the fifth straight session on Tuesday as investors
bet on strong results when the company earnings season kicks off next week,
while the shilling slipped.
UGANDA MARKETS
The Ugandan shilling firmed as much as 0.5 percent against the
dollar on Tuesday as banks sold dollars amid weak corporate demand for
them, traders said.
GHANA STOCKS
Shares in CAL Bank rise for the third straight session up 3.5
percent after recent strong full-year earnings results that saw a tripling
of its net profit for 2012, traders said.
ZAMBIA
Zambia will be careful not to fall back into unsustainable levels of debt
as state-owned firms look to borrow from international markets to invest in
infrastructure projects, deputy finance minister Miles Sampa said on
Tuesday.
SOUTH SUDAN
South Sudan's inflation rate accelerated to 35 percent in January as food
prices surged, data showed on Tuesday, highlighting the need for a deal
with Sudan to restart cross-border oil flows.
GUINEA
Guinea's review of all mining contracts will include an effort to integrate
a 2011 settlement struck with global miner Rio Tinto with an
original agreement signed with the company, Mines Minister Mohamed Lamine
Fofana said on Monday.
For the latest precious metals report click on
For the latest base metals report click on
For the latest crude oil report click on
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters