African Markets - Factors to watch on Oct 11

NAIROBI, Oct 11 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
- - - - -
EVENTS
KENYA - Central Bank of Kenya to auction 91-day Treasury bills. The yield
on Kenya's 3-month paper rose to 8.439 pct last week from 8.093 pct
previously.
MAURITIUS - Bank of Mauritius to auction 182-day Treasury bills worth a
total 500 million rupees.
ZAMBIA - Treasury bills of all maturities to be auctioned.

GLOBAL MARKETS
Asian shares tracked Wall Street lower on Thursday as weak forecasts from
U.S. corporate bellwethers underscored concern over global demand,
particularly from China, and kept oil and other commodity prices under
pressure.

WORLD OIL PRICES
Brent crude climbed toward $115 a barrel on Thursday as rising tensions in
the Middle East stoked supply fears, keeping prices less than a dollar
away from their highest in almost a month, although forecasts of lower
demand capped gains.

EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
* South Africa's rand nudged higher versus the dollar on Wednesday on news
some striking truckers were returning to work, but struggled to hold
earlier session highs as investors worried that the labour unrest
besetting the country is far from over. 
*South African shares turned positive for the first time this week but
Gold Fields and other bullion mining firms took a beating from a
recovery in the local currency.

NIGERIA BUDGET
Nigeria's President Goodluck Jonathan on Wednesday presented a 4.92
trillion Nigerian naira ($31.3 billion) budget to parliament for 2013, but
lawmakers disputed it, calling for a formula that would put less oil cash
in the savings pot.

NIGERIA MARKETS
* Nigeria's share index climbed to a 20-month high to the cross 27,000
point threshold on Thursday, driven higher by gains in banking and
commodities stocks.
Shares in Diamond Bank rose 9.83 percent to 4.47 naira per
share, their second day in a row of rising almost the maximum 10 percent
allowed, boosted by strong earnings.
* Nigeria's naira firmed against the U.S dollar on the interbank market on
Wednesday, supported by dollar inflow from offshore investors buying local
debt and waning demand for hard currency, traders said.

KENYA MARKETS
* The Kenyan shilling was flat against the dollar on Wednesday as
sales of the greenback by tea exporters and the central bank's actions to
mop up liquidity offset demand for the U.S. currency from oil importers.
Shares ended barely lower.
* The weighted average yield on Kenya's 182-day Treasury bill
rose to 10.307 percent at the auction on Wednesday from 10.194 percent
last week, the central bank said.

GHANA INFLATION
Ghana's annual inflation dipped to 9.4 percent in September from 9.5
percent a month before as the harvest got underway and moderated food
prices, the statistical office said on Wednesday.

RWANDA INFLATION
Rwanda's year-on-year urban inflation rate fell to 5.63
percent in September from 5.81 percent a month earlier on easing food and
energy prices, the statistics office said on Wednesday.

ETHIOPIA INFLATION
Ethiopia's year-on-year rate of inflation slowed to 19
percent in September from 20.2 percent a month earlier, helped by a
slowdown in the rate of food price rises, official data showed on
Wednesday.

UGANDA BOND
The weighted average yield on Uganda's five-year bond fell to 12.2 percent
from 13.9 percent at an oversubscribed auction worth a
100 billion shillings ($38.83 million) on Wednesday.

MAURITIUS BOND
The weighted average yield on a three-year Mauritius Treasury bond rose to
4.75 percent at the auction on Wednesday, from 4.73 percent in the sale of
a similar bond on September 12, the central bank said.

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