African Markets - Factors to watch on Nov 29
Nov 29 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
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EVENTS
* CFC Stanbic Bank due to release nine-month results.
CFC Stanbic Bank, a unit of CFC Stanbic Holdings (CFC.NR), posted a 6 percent drop in its pretax profit for the first nine months of 2009 compared with the same period a year earlier.
GLOBAL MARKETS
The embattled euro crept off two-month lows on Monday after European authorities tried to protect the region's financial stability by agreeing to lend debt-soaked Ireland 85 billion euros. [ID:nSGE6AR02M]
SOUTH AFRICA MARKETS
South Africa's rand fell as much as 1.9 percent against the dollar on Friday, testing 2-1/2 month lows as risk aversion fed by debt woes in Europe hit riskier emerging market assets in general. [ID:nLDE6AP1PT]
AFRICAN MARKETS
For all the latest news on African stocks click on [.J]
NIGERIA RATES
Nigerian interbank lending rates fell to 5.83 percent on average this week from 8.08 percent last week after fresh cash inflows from government agencies raised liquidity in the system, traders said on Friday. [ID:nLDE6AP1IQ]
NIGERIA TBILLS
Nigeria sold 78.85 billion naira ($524 million) in treasury bills at its latest auction, the central bank said on Friday, as it works to control money supply in the face of double-digit inflation. [ID:nLDE6AP18L]
NIGERIA POLITICS
Nigeria's anti-corruption police have raided the offices of the U.S. oilfield services group Halliburton (HAL.N) and arrested 12 people in a bribery case involving the former Halliburton unit KBR Inc (KBR.N), a spokesman said on Saturday. [ID:nLDE6AQ0BH]
KENYA MARKETS
Kenya's shilling KES= weakened to a three-and-a-half week low against the dollar on Friday as Europe's debt crisis dampened risk appetite globally while the main Kenyan stock index fell for the fifth day in a row. [ID:nLDE6AP1MA]
KENYA NUCLEAR
Kenya is seeking sites for the construction of a nuclear power plant along its coast, its energy minister said in a government notice on Friday. [ID:nLDE6AP1IL]
TANZANIA COFFEE
Tanzania's coffee prices were mixed at this week's auction, with supply of the crop dwindling towards the last quarter of the season, traders said on Friday. [ID:nLDE6AP1PS]
UGANDA CURRENCY
Uganda's shilling UGX= weakened to around 2,300 against the dollar on Friday due to commercial banks buying, with traders watching for signs the central bank will step in to sell dollars. [ID:nLDE6AP0ES]
UGANDA'S VIEW SOMALI CONFLICT
Ugandan President Yoweri Museveni appealed on Sunday for more international support to bolster the African Union force in Somalia during a brief visit to the capital Mogadishu. [ID:nLDE6AR098]
GHANA TBILL
The Bank of Ghana issued results on Friday for its Nov. 26 auction of 200 million cedis ($138.3 million) of securities. [ID:nLDE6AP1Q5]
IVORY COAST
Voters in Ivory Coast awaited the outcome of a presidential run-off on Sunday meant to end a decade of instability, but reports of violence and accusations of voter intimidation created an atmosphere of tension and fear. [ID:nLDE6AR021]
ZIMBABWE POLITICS
South African President Jacob Zuma on Friday said he had persuaded Zimbabwe's President Robert Mugabe and Prime Minister Morgan Tsvangirai to start talking again to address the rifts in their power-sharing government. [ID:nLDE6AP1EU]
RANDGOLD GOLD PROJECT IN CONGO
Randgold Resources (RRS.L) has no plans to change its Africa-focused business model and is not tempted by the lure of South American deposits, the gold miner's chief executive said on Friday. [ID:nN26104819]
COMMODITIES
For the latest precious metals report click on [GOL/]
For the latest base metals report click on [MET/L]
For the latest crude oil report click on [O/L]
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