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African Markets - Factors to watch on Oct 2

NAIROBI, Oct 2 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.

- - - - - EVENTS:

*BOTSWANA - Bank of Botswana to auction its 14-day certificate Treasury bill.

GLOBAL MARKETS

Asian shares, the euro and the Australian dollar inched up on Tuesday after a

surprising expansion in U.S. factory activity, and although weak global

growth remains a key concern, some market players said risk assets should

continue to find support. WORLD OIL PRICES

Brent crude futures steadied near $112 a barrel on Tuesday as investors

weighed a weaker demand outlook amid a sluggish global economy against the

continuing potential for supply risks.

EMERGING MARKETS

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AFRICA STOCKS

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SOUTH AFRICA MARKETS

South Africa's government bonds sold off sharply on Monday and yields jumped

as demand from foreign accounts after a much anticipated-debut on Citigroup's

World Government Bond Index did not live up to market expectations.

Meanwhile, stocks ended sharply higher on the first day of the fourth

quarter on Monday, rising nearly 2 percent as mining companies made a strong

recovery from oversold levels following a spate of wildcat strikes.

NIGERIA BONDS

Nigeria joined a key JP Morgan local currency government bond index on

Monday, becoming the second African country after South Africa to be included

in a widely followed index thanks to its improving liquidity levels.

KENYA MARKETS

The Kenyan shilling KES= ended flat at 85.20/40 per dollar on Monday after

the central bank absorbed excess liquidity, while players looked to the

prospect of another rate cut in November.

On the Nairobi Securities Exchange, the NSE 20-Share index

marginally declined for the second day in a row, fell 0.2 percent, or 6.28

points, to 3,965.75. KENYA TEA

Kenya's tea export earnings are expected to rise 1 percent year on year to

110 billion shillings ($1.30 billion) in 2012, despite a forecast drop in

production, the industry regulator said on Monday.

KENYA EXPLORATION

British explorer Tullow Oil Plc

and its Canadian partner Africa Oil

Corp

started drilling a third well in Kenya, extending a campaign to

discover more reserves after finding oil in the east African country earlier

this year.

Also, Kenya wants licensed oil and gas explorers to speed up their work

to meet the terms of their contracts, and may invoke its right to cash in

their guarantees if they fail to do so, a senior Ministry of Energy official

said. UGANDA REFINERY

Egypt's Citadel Capital could be an investor in Uganda's proposed $2.5

billion oil refinery project, the Egyptian private equity firm's managing

director said. GHANA T-BILL

The Bank of Ghana said on Monday that the yield on its 91-day bill rose to

23.09 percent at a Sept. 28 auction from 23.08 percent at the last auction.

IVORY COAST COCOA

Cocoa output from the world's top grower Ivory Coast fell by more than 7

percent to just over 1.4 million tonnes during the 2011-12 season that just

ended, exporters estimated on Monday.

IVORY COAST GOLD TAX

Ivory Coast is open to discussing with miners the rate of a proposed windfall

tax on gold profits but will not back away from the levy meant to capitalise

on soaring world prices for the metal, the country's mines minister said on

Monday. ANGOLA OIL

The oil price now hovering around $111 per barrel is "a balanced price" that

allows companies to sustain crude oil production levels and invest in

exploration, Angola's oil minister said.

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((Compiled by Nairobi Newsroom))

((Email: nairobi.newsroom@reuters.com; tel: +254 20 222 4717))

Keywords: AFRICA FACTORS/