African Markets - Factors to watch on Feb 13

NAIROBI, Feb 13 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - - GLOBAL MARKETS Asian shares slid and the dollar rose on Monday as investors hunkered down for U.S. inflation data that could jolt the outlook for interest rates globally, while accelerating or reversing the recent spike in bond yields. WORLD OIL PRICES Oil prices eased on Monday after rising 2% in the previous session as investors shrugged off the impact of Russian output cuts, instead focusing on short-term demand concerns stemming from refinery maintenance in Asia and the United States. 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 Friday after President Cyril Ramaphosa's declaration of a "state of disaster" to tackle crippling power shortages in the country failed to elicit investor confidence.

KENYA MARKETS

Kenya's shilling was steady on Friday but traders said they expected it to weaken, undermined by increased demand for dollars from the manufacturing sector and oil retailing companies.

ZAMBIA DEBT

Zambia's finance minister has rejected a call by China for the World Bank and other multilateral lenders to join a restructuring of the country's debt, the Financial Times reported on Monday.

NIGER SECURITY

At least 10 Nigerien soldiers were killed in an ambush, and more than a dozen others were injured by armed assailants near the West African Sahel nation's border with neighbouring Mali, Niger's defence minister said in a statement on Saturday.

SOMALIA VIOLENCE

At least nine people were killed and another 14 wounded on Saturday in a sixth day of fighting in Somalia's breakaway Somaliland region, a local government official and medic said, hours after Somaliland called for an unconditional ceasefire.

NIGERIA ELECTION

Nigerian presidential contender Peter Obi of the opposition Labour Party said his supporters were on Saturday attacked and injured ahead of a rally in the commercial capital Lagos, a stronghold of the ruling party.

CAMEROON SECURITY

At least five banana plantation workers were killed and several wounded on Friday in Cameroon’s Southwest, a region riven by separatist violence, a union leader said.

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African Markets - Factors to watch on Feb 13

By Reuters

Reuters

Reuters

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