The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Monday.
- - - - -
EVENTS:
* Seychelles inflation data due to be released. The year-on-year rate
of inflation in Seychelles increased to 5.5 percent in
December from 5.1 percent a month earlier.
* Mauritius to auction 273-day T-bills worth 700 million rupees.
GLOBAL MARKETS
Asian shares rose on Monday as surprisingly robust U.S. jobs data
bolstered investor risk appetite, overshadowing worries about a lack
of progress in Greek debt restructuring talks that are vital to
containing the euro zone crisis.
WORLD CRUDE OIL PRICES
Brent crude slipped towards $114 on Monday, weighed down by a stronger
U.S. dollar and the risk that a sovereign debt default by Greece could
tip the euro zone in to a demand-sapping recession.
EMERGING MARKETS
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AFRICA STOCKS
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AFRICA FIXED INCOME
* Strong demand is expected at Kenyan and Nigerian debt auctions this
week as investors try to lock in high yields before easing inflation
in both countries drags the rates of return lower.
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* Bond investors in East Africa yearn for sales of longer-term
government paper to secure high yields and benefit from capital gains
spurred by rate cuts seen later this year.
SOUTH AFRICA MARKETS
* South Africa's rand climbed as much as 1.3 percent against the
dollar on Friday as better-than-anticipated jobs data out of the U.S.
boosted appetite for emerging markets, but the currency could struggle
to make any further significant gains next week.
NIGERIA MARKETS
* Nigeria's interbank lending rates closed at an average of 13.50
percent this week, easing from 15.50 percent last week, following the
release of some of December's budgetary allocation to government
agencies, traders said on Friday.
* Nigeria's foreign exchange reserves rose to $34.67 billion on Feb.
1, their highest level in four and half months, central bank data
showed on Friday, raising hopes of a more stable exchange rate on the
naira.
NIGERIA OIL
A Nigerian militant group based in the oil-producing Niger Delta said
it attacked an oil pipeline owned by Italian firm Eni on
Sunday, a strike the military said was the work of criminal gangs.
KENYA MARKETS
* The Kenyan shilling was expected to rise against the dollar
in the days ahead, driven by foreign investor appetite for
high-yielding government debt, traders said on Friday at the end of a
lacklustre session.
* Kenya's Mumias Sugar posted a slight pick-up in pretax
profit to 1.30 billion shillings ($15.5 million) for its first half
through December, it said on Friday.
UGANDA OIL
* Uganda's energy minister said late on Sunday that commercial oil
production could begin as early as next year after London-listed
Tullow Oil signed two production-sharing agreements with the
country.
* London-listed Tullow Oil has signed two production-sharing
agreements with Uganda, allowing it to complete a deal with China's
CNOOC and France's Total that will pave the way
for commercial oil production.
SENEGAL ELECTIONS
Senegalese President Abdoulaye Wade's main rivals pledged on Saturday
to campaign together in an effort to force him to withdraw from an
election next month.
MAURIITUS DEBT
Mauritius received a low subscription rate for its 364-day Treasury
bills, with investors bidding for less than half of the 1 billion
rupee on offer, the central bank said on Friday.
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