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African Markets - Factors to watch on Oct 11

NAIROBI, Oct 11 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.

- - - - - EVENTS

KENYA - Central Bank of Kenya to auction 91-day Treasury bills. The yield

on Kenya's 3-month paper rose to 8.439 pct last week from 8.093 pct

previously.

MAURITIUS - Bank of Mauritius to auction 182-day Treasury bills worth a

total 500 million rupees.

ZAMBIA - Treasury bills of all maturities to be auctioned.

GLOBAL MARKETS

Asian shares tracked Wall Street lower on Thursday as weak forecasts from

U.S. corporate bellwethers underscored concern over global demand,

particularly from China, and kept oil and other commodity prices under

pressure. WORLD OIL PRICES

Brent crude climbed toward $115 a barrel on Thursday as rising tensions in

the Middle East stoked supply fears, keeping prices less than a dollar

away from their highest in almost a month, although forecasts of lower

demand capped gains. EMERGING MARKETS

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AFRICA STOCKS

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SOUTH AFRICA MARKETS

* South Africa's rand nudged higher versus the dollar on Wednesday on news

some striking truckers were returning to work, but struggled to hold

earlier session highs as investors worried that the labour unrest

besetting the country is far from over.

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*South African shares turned positive for the first time this week but

Gold Fields

and other bullion mining firms took a beating from a

recovery in the local currency.

NIGERIA BUDGET

Nigeria's President Goodluck Jonathan on Wednesday presented a 4.92

trillion Nigerian naira ($31.3 billion) budget to parliament for 2013, but

lawmakers disputed it, calling for a formula that would put less oil cash

in the savings pot. NIGERIA MARKETS

* Nigeria's share index climbed to a 20-month high to the cross 27,000

point threshold on Thursday, driven higher by gains in banking and

commodities stocks. Shares in Diamond Bank

rose 9.83 percent to 4.47 naira per

share, their second day in a row of rising almost the maximum 10 percent

allowed, boosted by strong earnings.

* Nigeria's naira firmed against the U.S dollar on the interbank market on

Wednesday, supported by dollar inflow from offshore investors buying local

debt and waning demand for hard currency, traders said.

KENYA MARKETS * The Kenyan shilling

was flat against the dollar on Wednesday as

sales of the greenback by tea exporters and the central bank's actions to

mop up liquidity offset demand for the U.S. currency from oil importers.

Shares ended barely lower.

* The weighted average yield on Kenya's 182-day Treasury

bill

rose to 10.307 percent at the auction on Wednesday from 10.194 percent

last week, the central bank said.

GHANA INFLATION

Ghana's annual inflation dipped to 9.4 percent in September from 9.5

percent a month before as the harvest got underway and moderated food

prices, the statistical office said on Wednesday.

RWANDA INFLATION

Rwanda's year-on-year urban inflation rate

fell to 5.63

percent in September from 5.81 percent a month earlier on easing food and

energy prices, the statistics office said on Wednesday.

ETHIOPIA INFLATION

Ethiopia's year-on-year rate of inflation

slowed to 19

percent in September from 20.2 percent a month earlier, helped by a

slowdown in the rate of food price rises, official data showed on

Wednesday. UGANDA BOND

The weighted average yield on Uganda's five-year bond fell to 12.2 percent

from 13.9 percent at an oversubscribed auction worth a

100 billion shillings ($38.83 million) on Wednesday.

MAURITIUS BOND

The weighted average yield on a three-year Mauritius Treasury bond rose to

4.75 percent at the auction on Wednesday, from 4.73 percent in the sale of

a similar bond on September 12, the central bank said.

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((Compiled by Nairobi Newsroom))

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

Keywords: AFRICA FACTORS/