African Markets - Factors to watch on January 22

NAIROBI, Jan 22 (Reuters) - The following company announcements, scheduled economic

indicators, debt and currency market moves and political events may affect African markets on

Wednesday.

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GLOBAL MARKETS

Asian stock markets bounced on Wednesday as China's response

to a virus outbreak tempered fears of a global pandemic,

although Shanghai shares slipped amid worries about a hit to

domestic demand and tourism. MKTS/GLOB

WORLD OIL PRICES

Oil prices eased on Wednesday, extending declines as the

International Energy Agency (IEA) forecast a market surplus

in the first half, helping ease concerns about disruptions

that have slashed Libya's crude output.

EMERGING MARKETS

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SOUTH AFRICA MARKETS

South Africa's rand dipped to a new five-week low on

Tuesday, with the currency struggling for momentum as a weak

domestic economic outlook failed to provide a basis for

optimism. KENYA MARKETS

The Kenyan shilling KES= was stable on Tuesday and was

expected to trade in a narrow range supported by dollar

inflows from horticulture exports and Diaspora remittances,

traders said. NIGERIA OIL

Nigerian oil firm Lekoil LEK.L has reached a deferred

payment deal to keep ownership of an oilfield, the company

said in a statement on Tuesday, after it discovered the loan

it wanted to use for the purchase was fraudulent.

NIGERIA CORRUPTION

Nigeria's financial crimes watchdog charged a former

attorney general suspected of taking bribes to facilitate a

$1.3 billion oil block sale, the agency said on Tuesday, in

the latest twist in one of the industry's biggest alleged

corruption scandals.

IVORY COAST

Ivory Coast has asked the World Bank for help in eliminating

illegal cocoa output from protected forests and resettling

people farming there, as it steps up efforts to both end

deforestation and deter excess cocoa production.

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