African Markets MyZA

NAIROBI, Dec 12 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Monday.	
    - - - - -	
 EVENTS:
 Kenya celebrates 48 years of independence from 
 Britain.
 
 GLOBAL MARKETS
 Asian stocks gained on Monday after Europe took a 
 step towards fiscal union, but the euro fell amid 
 concerns the euro zone's fragile safety is still 
 insufficient to prevent its sovereign debt crisis 
 from spreading. 
                
 
 WORLD OIL PRICES
 Brent crude held steady above $108 on Monday, 
 after rallying in the previous session, on hopes 
 of steady demand growth as China's oil imports 
 surged while investors weighed the outcome of 
 European leaders' agreement on closer fiscal 
 union.  
                
 
 GLOBAL WARMING
 Countries from around the globe agreed on Sunday 
 to forge a new deal forcing all the biggest 
 polluters for the first time to limit greenhouse 
 gas emissions, but critics said the plan was too 
 timid to slow global warming.                
 
 EMERGING MARKETS
 For the top emerging markets news, double click on 
            
 
 AFRICA STOCKS
 For the latest news on African stocks, click on 
     
 
 AFRICA FIXED INCOME
 For news on African fixed income, click on 
                
 
 SOUTH AFRICA BONDS, CURRENCY
 The rand ended a tough week on a firmer footing 
 against the dollar, gaining 2.0 percent within a 
 seven day range as it follows the euro's course, 
 while government bonds corrected and yields rose 
 on the benchmarks.  
                
 
 SOUTH AFRICA STOCKS
 South African stocks ended a skittish week 
 slightly lower as investors fretting over the 
 outcome of a key meeting in Europe to quell the 
 region's debt crisis sold off industrial stocks 
 such as platinum miner Lonmin         .  
                
 
 NIGERIA MARKETS
 Nigeria's interbank lending rates eased slightly 
 to an average of 16 percent from 16.5 percent 
 previously as cash from budget allocations helped 
 soften liquidity pressure in the market.  
                
 
 NIGERIA ECONOMY
 Nigeria said its current account surplus almost 
 doubled to $8.14 billion in the second quarter of 
 this year from $4.73 billion in the previous 
 quarter due largely to increased exports and high 
 global oil price, the central bank said in a 
 report.                
 
 KENYA MARKETS
 The Kenyan shilling        reversed early losses 
 to close flat against the dollar as banks sold the 
 greenback ahead of a holiday weekend, while stocks 
 edged up for a third straight day. 
                
 
 KENYA TOURISM
 Kenya's tourism earnings soared 44 percent in the 
 year to October buoyed by a weak local currency, 
 but tourist arrivals could fall off next year over 
 its war on Somalia militants, election jitters and 
 the euro zone debt crisis, Tourism Minister Najib 
 Balala warned.  
                 
 
 KENYA SECURITY
 Two bombs exploded in two Kenyan towns close to 
 the Somali border on Sunday, in coordinated 
 attacks that killed a policeman and were blamed on 
 Somalia's Islamist al Shabaab rebels, residents 
 and a senior police commander said.
                 
 
 ZIMBABWE ELECTIONS
 Zimbabwe's 87-year-old president Robert Mugabe 
 brushed aside calls to step down, telling 
 supporters who endorsed him as candidate in the 
 next presidential election that he would not quit 
 as long as the West maintained sanctions on his 
 party.                
 For analysis, click:                 
 
 DR CONGO ELECTIONS
 Democratic Republic of Congo's opposition will 
 call for peaceful demonstrations across the 
 country early this week to protest against Joseph 
 Kabila's disputed election victory, a situation 
 France's foreign minister Alain Juppe described on 
 Sunday as explosive.                 
 
 IVORY COAST PARLIAMENTARY ELECTIONS
 Ivory Coast awaited results from its first 
 parliamentary election for a decade, with 
 officials saying a boycott by the opposition had 
 done little to disrupt voting in the country 
 recovering from a crippling civil war. 
                 
 
 UGANDA REFINERY 
 India Essar Oil           is in talks with the 
 Ugandan government to build an up to 7.5 mln 
 tonnes per year oil refinery, the company's CEO 
 said.                
 
 ZAMBIA MINING ROYALTIES
 Zambia, which said last month its 2012 budget 
 would increase mineral royalties, could cut back 
 those rates if commodity prices collapse next 
 year, the mines minister in Africa's top copper 
 producer said.                
 
 GHANA SHARES
 The main GSE Composite index closed 2.88 points 
 down, or 0.29 percent, to 972.50 points while the 
 GSE Composite Index fell 4.51 points, or  0.51 
 percent, to 870.63 points. Traded volumes for the 
 session were 134,340 shares, valued at 73,416.92 
 cedis.                
 
 SUDAN DEVELOPMENT 
 Sudan's impoverished east is "a volcano waiting to 
 erupt" because anger is rising over a lack of 
 economic development and an abundance of arms, a 
 U.N. agency quoted an official as saying in a 
 report.                
 
 MAURITIUS FDI   
 Foreign direct investment (FDI) in Mauritius fell 
 by 30.7 percent in the 9 months to Sept. 30, as 
 the global downturn curbed investment flows, 
 central bank said.
                
 
     For the latest precious metals report click on 
        
     For the latest base metals report click on 
         
     For the latest crude oil report click on