African Markets - Factors to watch on Sept 30

NAIROBI, Sept 30 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
- - - - -
EVENTS:
*KENYA - Statistics office due to release consumer inflation
data for September and second quarter 2020 gross domestic
product data.
*UGANDA - Statistics office due to release consumer inflation
data for September.

GLOBAL MARKETS
Asian shares crept higher on Wednesday after data showed China's
economic recovery gathering steam, but a chaotic first U.S.
presidential debate between President Donald Trump and Democrat
Joe Biden weighed on the mood. MKTS/GLOB

WORLD OIL PRICES
Oil prices extended losses on Wednesday on worries that rising
coronavirus cases heading into the northern winter would lead to
further restrictions on activity and curb demand for
fuel. O/R

EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed on Tuesday, brushing off weak
unemployment figures as caution toward safe-haven assets ahead
of the keenly awaited presidential debate in the United States
kept some risk currencies in favour. FOREX RESERVES
Nigeria's central bank said on Tuesday its foreign reserves have
grown by $200 million after a London court ordered the release
of a guarantee put in place as security for a failed gas
project. MARKETS
Kenya's shilling KES= was unchanged on Tuesday ahead of a
central bank lending rate decision later in the day, and traders
said they forecast it to ease due to dollar demand from
importers across various sectors, especially from
energy. CENTRAL BANK RATE
Kenya's central bank held its benchmark lending rate
KECBIR=ECI at 7.0% for the fourth time in a row on Tuesday,
saying its accommodative monetary policy stance remained
appropriate for the current economic environment. DEBT
Zambia hopes to reach a debt restructuring agreement with
creditors by April and hopes to get nearly $1 billion of debt
service relief from its requests to official and commercial
creditors, Finance Minister Bwalya Ng'andu said on
Tuesday. COCOA
Ghana's cocoa board (Cocobod) signed on Tuesday a $1.3 billion
pre-export finance deal for the 2020/21 cocoa season through a
syndicated loan, following reports earlier this year that its
usual lenders had declined to underwrite the risk. ECONOMY
Senegal is expected to achieve unprecedented economic growth of
13.7% in 2023, thanks to the development of new oil and gas
fields, President Macky Sall said on Tuesday. the latest precious metals report click on GOL/
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