GLOBAL MARKETS Asian share markets stabilised somewhat on Tuesday after steep losses in the past 24 hours, while the U.S dollar remained elevated as investors considered the prospects interest rates would remain higher for longer in many developed economies. WORLD OIL PRICES Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China, and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on South African stocks, click on SOUTH AFRICA MARKETS South Africa's rand weakened on Monday, as the U.S. dollar jumped on expectations that the U.S. Federal Reserve might pursue its inflation-fighting interest rate hikes for longer. NIGERIA MARKETS Nigeria's dollar-denominated bonds fell on Monday after ratings agency S&P late on Friday affirmed the West Africa oil producer's credit rating at "B/B-" but turned negative on its outlook, citing risks to its debt servicing capacity. NIGERIA CASH RULE Three states in Nigeria have asked the country's highest court to stop the federal government and central bank from ending the use of old naira currency notes this week, saying this was causing hardships, ahead of an election later this month. KENYA MARKETS Kenya's shilling hit a new record low against the dollar on Monday before recovering, with increased foreign-currency demand from importers especially in the energy sector applying pressure, traders said. UGANDA CENTRAL BANK RATE Uganda's central bank held its key lending rate at 10.0% on Monday, saying it expected inflation would slow to hit its target by the end of the year despite a pick-up in January that it thought would be short-lived. GHANA DEBT Ghana's finance minister told a group of protesting retiree bondholders on Monday they were being a offered a good deal, as the government of the struggling West African nation pushes to get a domestic debt exchange over the line by Tuesday. IVORY COAST COCOA Cocoa arrivals at ports in top grower Ivory Coast had reached 1.589 million tonnes by Feb. 5 since the start of the season on Oct. 1, up 3.5% from the same period last season, exporters estimated on Monday. BURKINA FASO MINING Burkina Faso did not award a mining permit to Nordgold because it is a Russian company, its mines minister told Reuters on Sunday, rebuffing Western concerns that the ruling junta is seeking closer ties with Moscow. BOTSWANA ECONOMY Botswana expects economic growth of 4% this year while targeting medium-term growth of 5.7%, and the government plans to ramp up infrastructure investment, its finance minister said on Monday. ZAMBIA MINING Mopani Copper Mines will secure a new investor by the end of this quarter, Zambia's mines minister Paul Kabuswe said on Monday, calling the complex owned by state mining investment firm ZCCM-IH a "critical asset" for the country's copperbelt. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on
NAIROBI, Feb 7 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Tuesday.
- - - - -
EVENTS:
GHANA - The deadline for Ghana's bondholders to agree to a
domestic bond exchange program worth about $10.5 billion.
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