Thursday, February 17, 2011

Factors to watch on Feb 17 2011 African Markets today

Factors to watch on Feb 17 2011 African Markets :

IVORY COAST CRISIS

Ivory Coast's biggest bank, a unit of Societe Generale (SOGN.PA), said it was suspending its activities on Thursday, the latest in an exodus of foreign banks that is turning political crisis into financial meltdown. [ID:nLDE71G006]

AFRICAN MARKETS

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SOUTH AFRICA MARKETS

South Africa's rand jumped more than 1.5 percent against the dollar in late trade on Wednesday, helped by an aggressive sell-off in the U.S. currency and better-than-expected local data. [ID:nLDE71F281]

NIGERIA MARKETS

Nigeria's all-share index .NGSEINDEX slipped half a percent to a 4-day low, closing at 26,468.58 points, in lacklustre trade ahead of earnings reports expected to start coming in this month.

The Nigerian naira NGN=D1 weakened against the U.S. dollar on the interbank market on Wednesday as dollar sales by energy firms started drying up and forex demand from some lenders hit the market.[ID:nLDE71F1OH]

NIGERIA POLITICS

Former Nigerian anti-corruption chief Nuhu Ribadu launched his bid for presidential elections on Wednesday with an appeal to the youth, saying events in Tunisia and Egypt showed a new generation was hungry for change. [ID:nLDE71F1J0]

KENYA MARKETS

Nairobi Stock Exchange's benchmark NSE-20 share index .NSE20 inched down for a third session, closing 0.37 percent lower at 4,295.12 points, while the All Share Index .NASI was down by 0.01 points to close at 97.79.

UGANDA ELECTIONS

Uganda's long-serving President Yoweri Museveni dismissed predictions that Egypt-inspired protests could erupt after elections on Friday and repeated threats to arrest the main opposition leader. [ID:nLDE71F1LU]

UGANDA PETROLEUM

French oil company Total (TOTF.PA) said it was renegotiating a deal with Tullow Oil (TLW.L) (TLW.I) to buy a stake in the London-based explorer's Ugandan oil fields. [ID:nLDE71F1J7]

RWANDA INFLATION


Consumer prices in Rwanda fell for the seventh straight month in January, largely on the cost of vegetables and fish, the National Institute of Statistics of Rwanda (NISR) said on Wednesday. [ID:nLDE71F1OE]

MOZAMBIQUE INFLATION


Mozambique's consumer inflation slowed to 16.2 percent year-on-year in January from 17.44 percent in December, data from the National Institute of Statistics showed. [ID:nJAT007126]

MALAWI INFLATION
Malawi's headline consumer inflation quickened to 6.6 percent year-on-year in January from 6.3 percent in December, the country's National Statistics Office said on Wednesday. [ID:nJAT007123]

ZAMBIA BHARTI AIRTEL

Bharti Airtel (BRTI.BO) still plans to delist its Zambian unit (CELZ.LZ) even after the local bourse rejected the initial proposal, the company said on Wednesday. [ID:nLDE71F0D0]

COMMODITIES

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