African Markets - Factors to watch on June 5

NAIROBI, June 5 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Friday.
- - - - -
EVENTS:
*Seychelles releases its consumer inflation data for May.

GLOBAL MARKETS
Asian stocks erased early losses on Friday and were poised
for their biggest weekly rise since 2011 while the euro
hovered near a 1-1/2 month high as Europe's central bank
surprised with more stimulus, fuelling hopes for a global
rebound. MKTS/GLOB

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EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand was largely flat on Thursday, pausing
from a recent rally as investors took profits and awaited
further signs of a global economic recovery. DEVELOPMENT BANK LEADERSHIP
The African Development Bank's (AfDB) board on Thursday said
it stood by an internal investigation that had cleared its
president of improper conduct, but it would carry out an
independent review of the report in the interest of due
process. CURRENCIES
Ugandan, Kenyan, Zambian and Tanzanian currencies are likely
to hold steady in the coming week. MARKETS
The Kenyan shilling KES= was stable on Thursday, supported
by inflows from remittances and horticulture exports amid
light importer dollar demand, traders said. ECONOMY
Kenya's private sector activity inched up in May after
falling sharply a month earlier because of restrictions to
curb the spread of coronavirus, but conditions are expected
to worsen in coming months, a survey showed on
Thursday. ECONOMY
The Uganda government will roll out a series of measures
including tax waivers and deferments to help buoy businesses
battered by the coronavirus-induced lockdown and global
economic downturn, President Yoweri Museveni said on
Thursday. MINING
Guinea's government approved on Thursday a basic agreement
for the development of its giant Simandou iron ore project
by a consortium representing Chinese, French and Singaporean
interests, the mines minister told Reuters. BUDGET
Zambia is reviewing its 2020 budget after a reduction in
revenue as a result of the COVID-19 pandemic and other
factors, Secretary to the Treasury Fredson Yamba said on
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