African Markets - Factors to watch on Nov. 26

The following company announcements, scheduled economic indicators, debt and currency market

moves and political events may affect African markets on Tuesday.

- - - - -

EVENTS:

NIGERIA - The central bank will set its main interest rate,

which it has held at 13.5% since March

KENYA - The central bank governor holds a news conference,

to provide more information on the bank's decision to embark

on an easing stance, at 0800 GMT.

GLOBAL MARKETS

Asian stocks rose on Tuesday, bolstered by Wall Street's

record closing highs and signs of new momentum in Beijing's

and Washington's efforts to end their long and acrimonious

trade dispute.

MKTS/GLOB

WORLD OIL PRICES

Oil prices were steady on Tuesday, hanging onto gains from

the previous session, after comments from the United States

and China kept alive hopes that the world's two largest

economies are soon to agree on ending their trade war.

EMERGING MARKETS

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STOCKS

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AFRICA TRADE

African countries need to diversify export markets and add

value to raw materials as a trade war between the United

States and China threatens to hit growth, the African

Development Bank (AfDB) president said on Monday.

AFRICA MARKETS

South Africa's rand weakened on Monday, giving up small

early gains as uncertainty over a trade agreement between

the United States and China outweighed relief from S&P's

decision to only downgrade the outlook, not the rating, on

the country's debt.

MARKETS

Sub-Saharan Africa lags other regions such as Asia in moving

away from cash to plastic money. One Nigerian company is

aiming to close that gap by tapping into a growing appetite

for smartcards across the continent.

MARKETS

Kenya's central bank cut its benchmark lending rate

KECBIR=ECI for the first time in more than a year on

Monday, saying tightening fiscal policy had provided room to

ease in an effort to coax an economy operating below its

potential.

MARKETS

The Kenyan shilling KES= weakened against the dollar on

Monday due to end month dollar demand from merchandise

importers and the energy sector.

COAST COCOA

Below-average rainfall mixed with sunny spells in most of

Ivory Coast's cocoa regions last week has helped growing

conditions, farmers said on Monday, though they warned more

rain would be needed next month as temperatures rise.

MINING

Ethiopia vowed on Monday to remove barriers to investment in

its mining sector, focusing efforts on minerals used in

agriculture and construction which will help drive its

industrialisation.

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