African markets factors Jan. 17, 2018

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The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Wednesday.
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 GLOBAL MARKETS
 Asian stocks stepped back from a record high on Wednesday as
 the region's resource shares were hit by falling oil and
 commodity prices while digital currencies tumbled on worries
 about tighter regulations.                       
 
 WORLD OIL PRICES
 Oil prices gave away earlier gains on Wednesday as analysts
 warned of a downward correction after prices have gained
 more than 13 percent over the past month.                 
 
 SOUTH AFRICA MARKETS
 South Africa's rand rose to its strongest since July 2015 on
 Tuesday as it crossed crucial technical points and ignited
 offshore buying interest.            
 
 
 NIGERIA BORROWING
 Nigeria expects to raise $700 million from international
 sources as part of a $3.5 billion in borrowing earmarked in
 the 2017 spending plan, the Debt Management Office (DMO)
 said on Tuesday.            
 
 
 NIGERIA STOCKS
 Nigerian stocks rose 1.5 percent to a nine-year high in
 early trading on Tuesday, propelled by gains in the
 relatively liquid banking sector.               
 
 
 NIGERIA INFLATION
 Nigeria expects the rate of inflation to fall faster this
 year compared with 2017, banking on the economy and currency
 to stabilise, but activities leading up to presidential
 elections next year could stoke prices.                
 
 
 KENYA MARKETS
 The Kenyan shilling        was steady against the dollar on
 Tuesday amid an uptick in appetite for hard currency from
 manufacturers and other importers.            
 
 
 KENYA DEBT
 Kenya has secured a $750 million syndicated loan for seven
 years from the Trade Development Bank (TDB) to pay off
 creditors in another two-year syndicated loan that was
 extended last year, two banking sources told Reuters on
 Tuesday.            
 
 
 KENYA BONDS
 Kenya will sell a 15-year infrastructure bond this month to
 raise 40 billion shillings ($388.35 million), the central
 bank said on Tuesday.              
 
 
 UGANDA MARKETS
 The Ugandan shilling        edged up on Tuesday as importers
 who are preparing to pay their taxes in the local curbed
 demand for dollars.               
 
 
 CAMEROON COCOA
 Unrest in Cameroon's English-speaking regions, the central
 African nation's cocoa-growing heartland, is fuelling bean
 smuggling into neighbouring Nigeria, farmers and buyers said
 on Tuesday.                
 
 
 IVORY COAST BONDS
 Ivory Coast aims to raise 1,310.7 billion CFA francs ($2.35
 billion) in bonds on the regional CFA franc market in 2018,
 treasury director Jules Coulibaly told Reuters on
 Tuesday.            
 
 
 ANGOLA FOREX
 Angola's central bank said it had sold 82.6 million euros
 ($101 million) at an average rate of 248.77 kwanza per euro
 on Tuesday, a fall in the local currency's        exchange
 rate of around 12 percent compared with a similar auction
 last week.                
 
 
 ETHIOPIA-ZAMBIA/AIRLINES
 Ethiopian Airlines said on Tuesday it had signed an
 agreement with the Zambian government to relaunch the
 southern African country's national carrier, which was shut
 down more than two decades ago.            
 
 
 SOMALIA INSURGENCY
 Somali al Shabaab Islamist militants, who have carried out
 frequent bombings in the capital, Mogadishu, said a former
 leader who defected to the government side was an apostate
 who could be killed.                
 
 
 MAURITIUS CYCLONE
 Mauritius closed its port and airport on Wednesday after
 raising its warning as a potentially dangerous tropical
 cyclone approached the Indian Ocean island nation.
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