African Markets - Factors to watch on Nov 30

Nov 30 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.

- - - -

EVENTS

KENYA, UGANDA INFLATION DATA

* Kenya is likely to release November inflation data.

The country's year-on-year inflation rate KECPI=ECI fell to 3.09 percent in October from 3.21 percent in September as telephony charges fell sharply.

* Uganda is also due to release inflation data for November. Uganda's year-on-year headline inflation rate UGCPIY=ECI slid to 0.1 percent in October from 0.3 percent in September.

GLOBAL MARKETS

The euro held near a two-month low on Tuesday and major stock indexes edged lower as fears that Ireland's fiscal problems could spread to more euro zone countries weighed on investor sentiment. [ID:nL3E6MU00A] [MKTS/GLOB]

SOUTH AFRICA MARKETS

South African stocks fell on Monday as worries over the euro zone debt crisis and political tensions in Korea hurt risk appetite and also kept the rand on the defensive against the dollar. [ID:nLDE6AS1WR]

AFRICAN MARKETS

For all the latest news on African stocks click on [.J]

NIGERIA OIL IMPORTS

Nigeria's state oil company has paid $2-2.5 billion of fuel import debts but suppliers still face up to seven months beyond normal credit terms to receive other outstanding payments, trade sources told Reuters. [ID:nLDE6AM26N]

NIGERIA CURRENCY

The Nigerian naira NGN= fell further against the dollar at the interbank market on Monday after renewed corporate demand for the greenback put pressure on the local currency. [ID:nLDE6AS1LP]

ANGOLA OPEC

OPEC reduced supplies of crude oil a little in November as damage to a pipeline disrupted Nigerian exports and several other oil producers trimmed deliveries, a Reuters survey showed on Monday. [ID:nLDE6AP1NF]

KENYA MARKETS

The Kenyan shilling KES= fell to a two-month low against the dollar on Monday, undermined by corporate demand for the greenback, while the main stock index fell for a sixth straight session to near a three-month low. [ID:nLDE6AS1EX]

KENYA IMF

Kenya will spend almost half of a $500 million International Monetary Fund loan primarily on infrastructure and energy, using the rest to shore up hard currency reserves, a Treasury official said on Monday. [ID:nLDE6AS14L]

UGANDA CURRENCY

Uganda's shilling UGX= recovered some of its losses versus the dollar on Monday in thin trading and dealers said it was likely to stabilise during the week if corporate demand stays sluggish. [ID:nLDE6AS0JY]

UGANDA TULLOW

Uganda's negotiations with Heritage Oil (HOIL.L) and Tullow Oil (TLW.L) over a disputed $404 million tax payment are going "well", although there was no certainty when it can be resolved, a minister said on Monday. [ID:nWEA4868]

GHANA STOCKS

Shares in Ecobank Transnational Incoporated (ETI.GH) and dairy company Fan Milk Limited (FML.GH) rise to lead the Ghana all-share index .GSEGH higher, offsetting losses from profit-taking in other stocks. [ID:nLDE6AS1ZG]

CONGO POLITICS

Extensive criminal networks within Congo's army are deliberately fostering insecurity to profit from illegal mining, smuggling and poaching, a report from United Nations experts said on Monday. [ID:nLDE6AS27V]

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]