African markets factors, outlook Feb. 14

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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.
    - - - - -
 EVENTS:
 GHANA - The statistics office releases inflation data for
 January. The rate was stable at 11.8 percent in December. 
 
 GLOBAL MARKETS
 Asian share markets turned mixed on Wednesday as investor
 nerves were strained ahead of a U.S. inflation report that
 could soothe, or inflame, fears of faster rate hikes
 globally.
            
 
 WORLD OIL PRICES
 Oil prices were stable on Wednesday, supported by healthy
 economic growth and expectations that a weaker dollar could
 spur fuel demand.    
 
 SOUTH AFRICA MARKETS
 South Africa's rand weakened on Tuesday after the ruling
 African National Congress (ANC) said it had not given
 President Jacob Zuma a deadline to accept its decision to
 "recall" him and resign.
             
 
 NIGERIA MARKETS
 Nigerian stocks shed 2.4 percent on Tuesday to hit a new
 one-month low below 42,000 points as investors sold off
 shares in the consumer goods sector.
             
 
 KENYA MARKETS
 The Kenyan shilling KES= inched down from its recent highs
 as a drop in overnight lending rates on the interbank market
 made it possible for traders to increase their dollar
 holdings.
                 
 
 KENYA RATING
 Moody's downgraded Government of Kenya's issuer rating to
 "B2" and assigned a "Stable" outlook. 
             
 
 UGANDA RATES 
 Uganda's central bank cut its benchmark lending rate
 UGCBIR=ECI to its lowest level ever on Tuesday, saying
 lending for small businesses remained costly despite recent
 policy easing.
             
 
 BOTSWANA RATES 
 Botswana's central bank left its benchmark lending rate
 unchanged at 5 percent on Tuesday, saying the outlook for
 price stability was positive.    
               
 
 MALI ISLAMIC BONDS  
 The government of Mali will complete its first sale of
 Islamic bonds, or sukuk, this week using a lease-based
 structure linked to affordable housing projects, the
 transaction's offering document shows.