African Markets - Factors to watch on Feb 7

NAIROBI, Feb 7 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
- - - - -
EVENTS:
KENYA - Central Bank of Kenya auctions 91-day Treasury bills worth 2.5
billion shillings ($28.53 million).

GLOBAL MARKETS
Asian shares and the euro paused on Thursday, with investors seeking clues
from European Central Bank President Mario Draghi on growth prospects for
the euro zone economy at a policy meeting later in the day, amid optimism
that the worst may be over.

WORLD OIL PRICES
Brent crude was steady in a tight range under $117 per barrel on Thursday
as traders waited for the outcome of a European Central Bank meeting and
China trade data for more evidence the global oil demand outlook was
improving.

MALI CRISIS
France wants the African-led military mission in Mali to be replaced with a
United Nations peacekeeping mandate by April, Foreign Minister Laurent
Fabius said on Wednesday.

EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
* South African stocks ended slightly lower on Wednesday as mobile phone
firms pushed the bourse down after Vodacom's quarterly earnings
failed to excite.
* South Africa's rand eased against the dollar on Wednesday after a large
amount of bond redemptions and is likely to be rangebound before
manufacturing data and the European Central Bank meeting on Thursday.

NIGERIA MARKETS
* Nigeria's naira weakened against the U.S dollar on the interbank
market on Wednesday on a sudden jump in demand for the dollar by importers.

* Shares of Union Bank climb to a 17-week high, rising almost 20
percent in two consecutive days this week, a late comer to a Nigerian
banking rally driven by bargain hunting on expectations of high dividends.

KENYA MARKETS
Kenya's main share index jumped 1.6 percent on Wednesday, extending gains
to a sixth straight session and lifted by expectations for a strong
earnings season, which kicks off next week. 

ANGOLA/GHANA/TANZANIA FASTJET DISPUTE
Fastjet , the African budget airline backed by easyJet
founder Stelios Haji-Ioannou, is in a dispute over the right to use the
Fly540 brand in Angola, Ghana and Tanzania.

GHANA TBILLS
The Bank of Ghana said on Wednesday that the yield on its 91-day bill rose
to 22.9458 percent at a Feb. 4 auction from 22.7997 percent at the last
auction.

UGANDA MARKETS
* The weighted average yield on Ugandan 91-day Treasury bills at auction on
Wednesday was unchanged from the previous sale at 9.710 percent. The
central bank offered bills totalling 100 billion shillings ($37.66
million).
* The Ugandan shilling traded flat against the dollar on Wednesday,
with its near-term direction likely to be determined by the outcome of a
government debt auction later in the day.

MOZAMBIQUE COAL
Mozambique's mines minister is confident of reaching a deal with Rio Tinto
to solve the miner's problem of transporting coal to ports, which
contributed to a recent $3 billion hit to its balance sheet.

SEYCHELLES INFLATION
Seychelles' year-on-year inflation rate rose to 5.9 percent in
January from 5.8 percent a month earlier, the National Bureau of Statistics
said on Wednesday.

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