NAIROBI, Oct 6 - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - EVENTS: NIGERIA - Nigeria's upper house will discuss nominations by President Muhammadu Buhari for his cabinet. GLOBAL MARKETS Fading expectations that the U.S. Federal Reserve will raise interest rates this year and a bounce in oil and commodity prices helped lift Asian stocks to two-week highs on Tuesday. WORLD OIL PRICES Crude oil held steady in Asia on Tuesday, following big gains in the previous session after Russia signalled it was prepared to discuss the global oil market with other big producers. AFRICA GOVERNANCE Progress in governance across Africa has stalled since 2011, with deteriorating safety and lack of economic opportunity blunting any gains made on the human rights front especially in resource-rich nations, a survey reported on Monday. SOUTH AFRICA MARKETS South Africa's rand firmed on Monday alongside other emerging market currencies after softer-than-expected employment data from the United States dampened the prospect of an interest rate there in 2015. NIGERIA MARKETS The Nigerian naira is "appropriately priced" and the central bank does not plan any adjustments in the currency for now, the head of the bank said on Monday. KENYA MARKETS The Kenyan shilling firmed against the dollar on Monday, benefiting from higher lending rates and exporters offloading their dollars in anticipation of further strengthening. Stocks were down. KENYA ECONOMY Kenya's government plans to cut some non-priority spending this financial year to balance the books after its borrowing costs rose, the International Monetary Fund's resident representative said. ZIMBABWE TAX Zimbabwe plans to impose a 10 percent tax on foreign-owned firms to fund a black economic empowerment programme that is designed to bring the companies under local majority control, a minister was quoted as saying on Monday. ZAMBIA MARKETS The kwacha on Monday gained more than 2 percent against the dollar before shedding some of its gains to trade at 12.2200in volatile trading. ZAMBIA ELECTRICITY Zambia's state power utility Zesco Ltd has applied to the regulator to allow it to more than double the cost of electricity for all customers except mining firms to attract investors to build power plants, it said on Monday. UGANDA ECONOMY Investments in infrastructure should help raise Uganda's economic growth to about 6.5 percent in the coming years from 5 percent in the last fiscal year, the International Monetary Fund said on Monday.
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