African Markets - Factors to watch on January 24

NAIROBI, Jan 24 (Reuters) - The following company announcements, scheduled economic

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

Friday.

- - - - -

GLOBAL MARKETS

Asian shares held their ground on Friday as trade slowed for

the Lunar New Year, despite investors fears that a new

coronavirus in China could spread faster as millions of

people would be travelling over the week-long holiday.

MKTS/GLOB

WORLD OIL PRICES

Oil prices were steady on Friday, but on track for a fall of

up to 5% for the week on growing concern that fuel demand

will weaken as the spread of a respiratory virus from China

that has killed 25 so far dents travel and darkens the

economic outlook. O/R

EMERGING MARKETS

For the top emerging markets news, double click on

STOCKS

For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS

South Africa's rand and stocks fell on Thursday, as world

markets dropped on mounting concern over a coronavirus

outbreak in China. KENYA MARKETS

The Kenyan shilling KES= was firmer on Thursday supported

by dollar inflows from horticulture exports and offshore

investors buying government debt, traders said.

NIGERIA GAS

The Nigerian government will consider an overhaul of the

private power sector, government officials said following

the National Economic Council meeting on Thursday.

NIGERIA CORRUPTION

Nigeria's financial crime watchdog charged former attorney

general Mohammed Adoke in court on Thursday for allegedly

receiving bribes to facilitate a $1.3 billion oil deal, the

agency said in a statement. ZIMBABWE GRAIN

Zimbabwe has only 100,000 tonnes of grain in its strategic

reserves, enough to last just over a month, as the southern

African nation suffers the effects of a severe drought,

according to the agriculture minister. ZAMBIA GDP

Zambia's President Edgar Lungu said on Thursday the

country's economy was expected to grow 3% this year, a

slight reduction from the 3.2% growth previously forecast.

For the latest precious metals report click on GOL/

For the latest base metals report click on MET/L

For the latest crude oil report click on O/L