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African markets factors and outlook Feb 12, 2018

Business & Economy
The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Monday.
    - - - - -
 EVENTS:
 UGANDA - The central bank sets its benchmark lending rate at
 about 0800 GMT. The bank held the rate at 9.5 percent in
 December. 
 
 GLOBAL MARKETS
 Asian share markets found a semblance of calm on Monday as
 S&P futures extended their bounce, though global investors
 were still fretting about the risks from looming U.S.
 inflation data after last week's sharp sell-off.
            
 
 WORLD OIL PRICES
 Oil prices rose by 1 percent on Monday, recovering at least
 some of last week's steep losses as Asian stock markets
 found their footing after days of chaotic trading.
         
 
 SOUTH AFRICA MARKETS
 South Africa's rand firmed on Friday, recouping losses from
 the previous session as investors continued to bet on the
 ruling African National Congress (ANC) unseating
 scandal-plagued President Jacob Zuma in the next few days.
             
 
 NIGERIA MARKETS
 Nigerian stocks fell for a fifth straight day on Friday to a
 three-week low, down 1.1 percent early in the session,
 traders said.
             
 
 NIGERIA CURRENCY
 Nigeria's central bank said on Friday it had injected
 $325.64 million into the interbank foreign exchange market
 as part of efforts to boost liquidity and reduce dollar
 shortages.
                 
 
 KENYA MARKETS
 The Kenyan shilling KES= was stable against the dollar on
 Friday supported by inflows from portfolio investors
 participating in the stock market and secondary market for
 government bonds, traders said.
             
 
 KENYA RATING
 Fitch Ratings has revised the Outlook on Kenya's Long-Term
 Foreign- and Local-Currency Issuer Default Rating (IDR) to
 Stable from Negative and affirmed the IDRs at 'B+'.
                    
 
 GHANA MARKETS
 The Bank of Ghana said the yield on its weekly 91-day bill
 rose to 13.36 percent at an auction on Friday from 13.32
 percent at the last such sale, on Feb. 2.
             
 
 GHANA EUROBOND
 Ghanaian officials will meet investors in Asia next week to
 explore new markets for a $1 billion Eurobond sale this
 year, government sources said on Friday.
             
 
 ANGOLA GAS LAW
 Legislation covering the rights of companies to explore and
 produce natural gas in Angola, Africa's second largest crude
 producer, is "in its final stages," Secretary of State for
 Oil Paulino Jeronimo said on Friday.
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