African Markets - Factors to watch on February 10

Reuters
02/10
African Markets - Factors to watch on February 10

NAIROBI, Feb 10 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.

- - - - -

EVENTS

State-owned Ethiopian Airlines is due to announce its half-year financial results.

Kenya's central bank to announce its latest lending rate decision.

GLOBAL MARKETS

Asian stocks advanced for a second day in early trading on Tuesday, led by an extended rally in Tokyo's benchmark after Japanese Prime Minister Sanae Takaichi's decisive election victory over the weekend.MKTS/GLOB nL1N3Z601W

WORLD OIL PRICES

Oil prices eased slightly on Tuesday as traders gauged the potential for supply disruptions after U.S. guidance for vessels transiting the Strait of Hormuz kept attention squarely on tensions between Washington and Tehran.O/R nL4N3Z601N

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

AFRICA STOCKS

For the latest news on South African stocks, click on .J

SOUTH AFRICA MARKETS

The South African rand began the week firmer on Monday, boosted mainly by the renewed rise in its core export gold.nL1N3Z50N6

BOTSWANA ECONOMY

Botswana's economy is projected to grow this year after two successive years of contraction, but debt is expected to rise beyond the government's statutory ceiling because of another large budget deficit, its finance minister said on Monday.nL8N3Z51BS

ETHIOPIA-ERITREA RELATIONS

Eritrea on Monday rejected accusations by Ethiopia that it was responsible for military aggression and was backing armed groups inside Ethiopian territory as "false and fabricated", calling the claims part of a hostile campaign by Addis Ababa.nL8N3Z50LJ

WEST AFRICA OIL

West African crude oil differentials held steady on Monday.nL6N3Z50ZL

IVORY COAST COCOA

Cocoa arrivals at ports in top grower Ivory Coast reached 1.263 million metric tons by February 8 since the start of the season on October 1, down 4.46% from the same period last season, exporters estimated on Monday.nL8N3Z51E2

MOZAMBIQUE MINERALS

Mozambique's governmentis doing "everything that is required" to make sure that South32's S32.AX Mozal aluminium smelter stays open, mineral resources and energy minister Estevao Pale said on Monday.nL8N3Z5192

UGANDA POLITICS

Uganda's Information Minister Chris Baryomunsi condemned a military raid on opposition leader Bobi Wine's home last month, telling Reuters that the popstar-turned-politician had not committed any crime and was free to return there.nL8N3Z50GN

REPUBLIC OF CONGO BOND

The Republic of Congo on Monday announced a tender offer for its outstanding 9.875% amortising notes due in 2032, according to a notice on the London Stock Exchange.nS8N3WT09S

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

(Compiled by Nairobi Newsroom)

((nairobi.newsroom@thomsonreuters.com))

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