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African Markets - Factors to watch on Oct 12

Friday, 12 Oct 2012 | 1:21 AM ET

NAIROBI, Oct 12 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.

- - - - - EVENTS

MAURITIUS - Bank of Mauritius to auction 364-day Treasury bills worth 500

million rupees GLOBAL MARKETS

Asian stocks and the euro steadied on Friday, but were on course for a

losing week as worries about weak corporate earnings and slowing global

economic growth limit the appeal of riskier assets.

WORLD OIL PRICES

Brent crude held above $115 a barrel on Friday, trading near four-week

highs and on course for its biggest weekly gain in two months, supported

by tensions between Turkey and Syria, lower output at North Sea oilfields

and upbeat U.S. data. SOUTH AFRICA STRIKES

Striking gold miners in South Africa have rejected the industry's latest

wage offer, a trade union said on Thursday, dimming hopes that strikes

that have led to dozens of deaths and paralysed the sector could end soon.

AFRICA CORRUPTION

Corruption in Africa is no different to corruption anywhere else on the

planet, according to a new book by the former chair of graft watchdog

Transparency International. EMERGING MARKETS

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AFRICA STOCKS

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SOUTH AFRICA MARKETS

* South Africa's rand edged up against the dollar on Thursday on tentative

hopes of a resolution to the strikes that have wreaked havoc particularly

in the key mining sector in the past two months.

* South African Finance Minister Pravin Gordhan said on Wednesday labour

strikes in the country's mainstay mining sector have hurt the rand and

expressed confidence the currency will bounce back.

NIGERIA MARKETS

* Nigeria sold 171.83 billion naira ($1.09 bln) in treasury bills with

maturities ranging from three months to 1-year, the central bank said on

Thursday, and yields were up 30 basis points compared with rates at the

previous auction.

* Nigeria said it plans to issue 75 billion naira ($477.10 million) in

local bonds

with maturities of between five and 10 years at its

regular auction on Oct. 17, the Debt Management Office (DMO) said on

Thursday. KENYA MARKETS * The Kenyan shilling

weakened on Thursday, weighed down by

importers in the telecoms and energy sectors buying the dollar, while the

share index was lifted gains in major stocks.

* The weighted average yield on benchmark Kenyan 91-day Treasury bills

rose for the fourth straight week to 8.962 percent at the

auction on Thursday, from 8.439 percent last week, the central bank said.

ZAMBIA MINING Brazil's Vale SA

said it has begun producing copper concentrate

at its Lubambe mine in Zambia.

NAMIBIA MINING French energy group Areva

said on Thursday it had delayed the

start of its $1 billion Trekkopje uranium mine in Namibia until market

conditions improve. [ID;nL6E8LBL4C]

ANGOLA INFLATION

Angola's annual consumer inflation slowed to 9.65 percent year-on-year in

September from 9.87 percent in August, the National Statistics Institute

(INE) said on Thursday. TANZANIA DEBT

The weighted average yield on Tanzania's 91-day Treasury bills rose to

12.59 percent at auction on Wednesday, from 12.45 percent at the last sale

two weeks ago, the central bank said.

MAURITIUS DEBT

The weighted average yield on Mauritius' 182-day Treasury bill fell to

3.18 percent at auction on Thursday from 3.27 percent previously, 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/