The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.

EVENTS:

* NAIROBI - Kenyan markets are closed for a national holiday.

* KAMPALA - Regular auction of Ugandan Treasury bills. The weighted yield on Uganda's 91-day paper rose to 11.351 percent at the last auction from 10.880 previously.

GLOBAL MARKETS

The euro traded at a three-week high versus the dollar on Wednesday, buoyed by hopes for a fresh bailout package for debt-laden Greece, while Asian stocks were little changed after manufacturing data from China was largely in line with expectations. 

SOUTH AFRICA MARKETS

South Africa's rand hit a three-week high against the dollar on Tuesday and stocks ended slightly higher on strong GDP data and after authorities approved Wal-Mart's $2.4 billion purchase of local retailer Massmart. 

IVORY COAST EUROBOND

Ivory Coast said on Tuesday it would miss a second coupon payment on its defaulted $2.3 billion 2032 bond XS0496488395=R and told investors it would have to review its payment schedule after a four-month power struggle. 

NIGERIA BANKING

Nigeria's central bank said on Tuesday it had approved requests from 17 lenders for new licences meant to ensure better minimum capital standards and to separate lending from speculative capital markets activities. 

KENYA MARKETS

* Kenya raised its benchmark lending rate by a smaller-than-expected 25 basis points on Tuesday but also raised the amount of deposits banks must hold with the central bank in a bid to tame double-digit inflation.

* The Kenyan shilling KES= held steady against the dollar on Tuesday but it could weaken when markets reopen after the central bank raised interest rates by a smaller-than-expected 25 basis points.

* Shares in Kenyan retailer Uchumi Supermarkets (UCHM.NR) tumbled on resumption after a five-year suspension, pulled down by shareholders seeking an immediate exit. 

EAST AFRICA INFLATION

* Kenya's year-on-year inflation rate rose for a seventh straight month in May, driven by rising food and fuel costs that have fanned discontent and piled pressure on policymakers to raise interest rates. 

* Uganda's year-on-year inflation rate UGCPIY=ECI rose for a seventh straight month to 16.0 percent in May from 14.1 percent in April, its highest level since May 1994, official data showed on Tuesday. 

BOTSWANA STRIKE

Botswana's government has rejected conditions made by unions in a bid to help end a 6-week strike that has shaken the ruling party's 45-year grip on power, a union spokesman said on Tuesday.  

ETHIOPIA ECONOMY

Ethiopia's economic growth will slow to about 6 percent in the 2011/12 fiscal year due to high inflation, restrictions on private bank lending and a trickier business environment, the International Monetary Fund said. Reuters