African Markets - Factors to watch on April 21

Fri Apr 21, 2017 6:11am GMT
 

    NAIROBI, April 21 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Friday.
    - - - - -
 GLOBAL MARKETS
 Asian stocks were set to end the week with a bang, lifted by
 bets on strong U.S. earnings and tax reform, while the euro
 retreated from a three-week high as jitters returned over
 French presidential elections on Sunday after a shooting in
 Paris.                       
 
 WORLD OIL PRICES
 Oil opened the last day of a choppy trading week on a
 cautious note over doubts that an OPEC-led production cut
 was having the desired effect of restoring balance to a
 market that has been dogged by oversupply for more than two
 years.                 
 
 EMERGING MARKETS
 For the top emerging markets news, double click on
            
 
 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 SOUTH AFRICA MARKETS
 South Africa's rand extended gains against the dollar on
 Thursday and government bonds firmed, helped by slowing
 inflation and the government's rejection of nationalisation
 of mines and banks.            
 
 AFRICA CURRENCIES
 Nigeria's naira, is expected to post gains over the next
 week as a central bank move to ease business access to
 dollars trims demand on the black market, while Zambia's
 kwacha is seen supported by salary payments.            
 
 NIGERIA ECONOMY
 Nigeria plans to get out of recession by boosting government
 revenues and cracking down on corruption, Finance Minister
 Kemi Adeosun said on Thursday, and will also issue more
 international debt to pay for infrasturcture
 projects.            
 
 NIGERIA ECONOMY
 Nigeria's naira shot firmer on the country's black market on
 Thursday as traders prepared for the central bank to
 increase the dollar supply to exchange bureaux to keep the
 official retail rate higher.            
 
 ZAMBIA POLITICS
 A Zambian court will rule next week on whether to throw out
 a treason case against the leader of the main opposition
 party whose lawyers say the charges are ambiguous, a
 magistrate said on Thursday.            
 
 KENYA ELECTIONS
 Kenya's President Uhuru Kenyatta said on Thursday his
 government would not tolerate violence between rival camps
 of supporters in party primaries before a national election
 in August.            
 
 KENYA BANKS
 Kenya will issue its debut Islamic bond planned for the
 fiscal year starting in July under existing laws as it
 pushes legal reforms aimed at boosting Islamic finance, a
 senior government official said.            
 
 IVORY COAST ECONOMY
 Ivory Coast has slashed its 2017 budget due to plummeting
 cocoa prices, its president said in comments reported in
 national media on Thursday, as it seeks to shore up state
 coffers also under pressure following payouts to disgruntled
 soldiers.            
 
 
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