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African Markets - Factors to watch on Jan 30 - Reuters

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EVENTS:
KENYA - The central bank sets its benchmark lending rate. Analysts expect the bank to hold rates.
ETHIOPIA - The African Union votes for a new chairperson of its commission, the governing body.
GLOBAL MARKETS
Asian share markets and U.S. stock futures fell on Monday after President Donald Trump introduced immigration curbs that sparked criticism at home and abroad, adding to fears that his 'America First' policy may prove destabilising for the rest of the world.
WORLD OIL PRICES
Oil prices extended declines on Monday, dragged down by
signs of growing output in the United States that could
partly offset output cuts by OPEC and other producers.
EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand weakened on Friday, hurt by a stronger
dollar and by media reports that President Jacob Zuma was
considering firing ministers who opposed him and backed
calls for his resignation.
NIGERIA MARKETS
Nigeria's interbank lending rate dropped 6.5 percentage
points on Friday to 5 percent on average as the money market
was awash with cash from budgetary disbursal and coupon
payment on matured bonds, traders said.
KENYA MARKETS
Kenya's shilling KES= was little changed against the dollar
on Friday, amid subdued trade as market players awaited the
central bank's Monetary Policy Committee (MPC) meeting next
week.
KENYA RATES
Kenya's central bank is expected to hold interest rates at
its policy meeting on Monday as drought-related inflation
threatens to quicken, according to a Reuters poll that also
forecast policy would remain steady for the rest of the
year.
GHANA MARKETS
The Bank of Ghana said the yield on its weekly 91-day bill
rose to 15.9376 percent at an auction on Friday from 15.7952
percent at the last sale, on Jan. 20.
UGANDA DEBT
Uganda needs to tap more of its domestic revenues to fund
infrastructure development, because reliance on borrowed
funds is "unworkable" and could lead to a spike in debt, IMF
Managing Director Christine Lagarde said on Friday.
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