African Markets - Factors to watch on February 20

About this update from Kenya Pipeline Company Plc

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. - - - - -GLOBAL MARKETSStocks fell in Asia on Friday, the dollar headed for its largest weekly gain in four months and oil prices were rising as a U.S. military build up in the Middle East and a rout in private equity stocks sent ripples of nerves across markets.WORLD OIL PRICESOil prices were higher on Friday as concern of conflict between the U.S. and Iran ratcheted up, with Washington saying Tehran will suffer if it does not agree a deal about its nuclear activity within a matter of days.EMERGING MARKETSFor the top emerging markets news, double click on AFRICA STOCKSFor the latest news on South African stocks, click on SOUTH AFRICA MARKETSThe South African rand fell against a stronger dollar on Thursday, as investors awaited key U.S. inflation data that could influence the Federal Reserve's monetary policy path.AFRICA CURRENCIESNigeria's currency is expected to strengthen further against the dollar in the next week to Thursday, while those of Kenya, Ghana, Uganda and Zambia should be little changed, traders said.KENYA PIPELINE IPOKenya's Capital Markets Authority has approved the extension of the closing date of the Kenya Pipeline Company's Initial Public Offering (IPO) by three working days, the East African country's privatization authority said on Thursday.RWANDA REPO RATE Rwanda's central bank hiked its key lending rate by 50 basis points to 7.25% (RWREPO=ECI) on Thursday after inflation rose beyond its target band.IVORY COAST DEBT Ivory Coast has raised $1.3 billion through a Eurobond issue with a final maturity of 15 years, the finance ministry said late on Wednesday, adding that the issue was oversubscribed by nearly five times.For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on ((Compiled by Nairobi Newsroom)) ((Email: ))

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