NAIROBI, Oct 9 (Reuters) - The following company announcements, scheduled economicindicators, debt and currency market moves and political events may affect African markets onTuesday.
- - - - -EVENTS
BOTSWANA - Bank of Botswana is due to auction 14-day Treasury bills.
Asian shares rose on Tuesday but were capped by concerns over global
growth prospects, especially in the world's second-biggest economy China,
and expected weak U.S. corporate earnings.
ï¿½WORLD OIL PRICES
Brent crude futures rose towards $113 a barrel on Tuesday after two days
of losses, with supply fears due to escalating tensions in the Middle East
prevailing over a sluggish outlook for global demand.
SOUTH AFRICA STRIKES
* South Africa's local government workers' union said on Monday it would
launch a strike over pay in the next few days, the first sign of a wave of
labour unrest in Africa's biggest economy spreading from the mines into
the public sector.EMERGING MARKETS
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SOUTH AFRICA MARKETS
* South Africa's rand fell to a 3-1/2 year low against the dollar on
Monday and came close of breaching the key 9.0 rand level as mining and
other strikes continued to shake investor confidence.
* The impact of Iran's currency slide has reached beyond its borders,
hitting shares of MTN Group
, the South African mobile operator
that derives nearly a tenth of its revenue from the Middle Eastern
* Nigeria's naira currency closed unchanged against the U.S dollar on the
interbank market and firmed marginally at the official window on Monday,
as dollar sales by oil companies comfortably met rising dollar demand in
* Nigeria said on Monday it plans to sell between 160 billion naira and
240 billion naira ($1.02 bln-$1.53 bln) in sovereign bonds
ranging between 5 and 10 years in the fourth quarter of the year.
At least 35 people were killed on Monday when Nigerian soldiers opened
fire after a bomb blast struck their convoy in the northeastern city of
Maiduguri, nurses at the hospital that received the bodies said.
Dollar demand from banks and importers pushed the Kenyan shilling
lower on Monday after it failed to break below the 85.00 support level
last week, while stocks were dragged lower by Barclays Bank of Kenya
The Bank of Ghana will issue 500 million cedis ($264.6 million) worth of
three-year government bonds on October 25 to restructure short-term debt,
Finance Minister Kwabena Duffuor said on Monday.
Mozambique's inflation edged up to 1.55 percent year-on-year in September
from 1.41 percent in August, its statistics agency said on Monday.
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((Compiled by Nairobi Newsroom))
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Keywords: AFRICA FACTORS/