African Markets - Factors to watch on Nov 8

NAIROBI, Nov 8 (Reuters) - The following company announcements, scheduled economic

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

Friday.

- - - - -

EVENTS

SEYCHELLES - Statistics office to release consumer price

inflation for the year ended October

GLOBAL MARKETS

Asian stocks retreated from six-month highs on Friday on

uncertainty over whether and when the United States and

China will seal a deal marking a truce in their trade war

that has slowed economic growth and roiled markets.

MKTS/GLOB

WORLD OIL PRICES

Crude oil futures fell on Friday amid lingering uncertainty

on whether, and when, the United States and China will agree

a long-awaited deal to end their bitter trade dispute, the

gloom compounded by rising crude inventories in the United

States. O/R

EMERGING MARKETS

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SOUTH AFRICA MARKETS

South Africa's rand resumed its advance on Thursday,

brushing off a batch of depressing economic data amid

renewed expectations that China and the United States will

reach a trade deal.

KENYA MARKETS

The Kenyan shilling KES= inched up against the dollar on

Thursday on the back of foreign investor flows into the

equity market after bank stocks led a rally that has lasted

for days. KENYA RATES

Kenya's President Uhuru Kenyatta has signed a law that

scraps a cap on banks' commercial lending rates which had

been blamed for stalling lending to businesses, his office

said on Thursday. ANGOLA OIL

Angola expects to announce the winners of its 2019 oil and

gas licence auction round in April as part of a multi-year

plan to boost declining output, a senior executive at the

National Agency of Petroleum, Gas and Biofuels (ANPG) said

on Thursday.

ZIMBABWE MINING

Zimbabwean mining firms want to retain all of their export

earnings in foreign currencies, saying they are

disadvantaged by having a proportion paid to them in

Zimbabwe dollars.

EQUATORIAL GUINEA OIL

Italy's Saipem SPMI.MI has been awarded a contract in

Equatorial Guinea worth $90-$100 million to build a 70 km

subsea pipeline linking the Alen platform with the Punta

Europa petrochemical hub, the oil ministry said on Thursday.

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