African Markets – Factors to watch on Oct 6 – Reuters

NAIROBI, Oct 6 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Thursday.
– – – – –
EVENTS:
* KENYA – Weekly auction of 91-day Treasury bill.

GLOBAL MARKETS
Asian shares firmed on Thursday thanks to stronger U.S.
economic data, while growing prospects of a near-term U.S.
rate hike and possible tapering of stimulus in Europe hit
gold and lifted the dollar to one-month highs versus the
yen.

WORLD OIL PRICES
Oil prices eased on Thursday but remained near June
highs reached the previous session when they were buoyed by
a fall in U.S. crude inventories.

EMERGING MARKETS
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AFRICA STOCKS
For the latest news on African stocks, click on

SOUTH AFRICA MARKETS
South Africa’s rand firmed on Wednesday as
investors ignored local factors and bet on the European
Central Bank delaying plans to taper its asset buying
programme. Gold mining stocks led the bourse weaker
.

SOUTH AFRICA POLITICS
South Africa’s public protector will question President
Jacob Zuma on Thursday over allegations he was influenced by
the wealthy Gupta family in making government appointments.

SOUTH AFRICA MOBILES
Blue Label Telecoms the largest distributor of
pre-paid airtime and data in South Africa, will pay 5.5
billion rand ($400 million) for a 45 percent stake in
debt-laden mobile firm Cell C Ltd , it said on
Wednesday.

ZAMBIA ARREST
Zambian police said on Wednesday they had arrested the top
two leaders of the main opposition party, two months after
it denounced President Edgar Lungu’s re-election as
fraudulent and tried to block his inauguration.

NIGERIA INVESTMENT
Diageo has scrapped plans to lift its stake in
Guinness Nigeria due to tough conditions in one
of its biggest markets for the world-famous stout, the
drinks company said on Wednesday.

KENYA TREASURIES
A decision by Kenya’s government to cap commercial lending
rates has stoked appetite for short-term government debt,
pushing down yields on 91-day bills to their lowest since
July.

KENYA POLITICS
All 10 members of Kenya’s election commission have resigned,
the government said on Wednesday, after months of protests
by the opposition which accused the body of bias that made
it unfit to oversee elections due next August.