African Markets - Factors to watch on April 20

Thu Apr 20, 2017 5:58am GMT
 

    NAIROBI, April 20 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Thursday.
    - - - - -
 GLOBAL MARKETS
 Asian stocks erased early losses and edged higher on
 Thursday as signs of resilience emerged in some markets,
 while steadying commodity prices - especially for oil -
 prompted some bargain hunting among
 investors.                       
 
 WORLD OIL PRICES
 Oil prices regained some ground on Thursday after steep
 losses the previous day, with a slight drop in U.S. crude
 inventories stoking hopes that a push to rein in global
 oversupply could be gathering at least some
 momentum.                 
 
 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 weakened against the dollar on
 Wednesday, weighed down by a mix of domestic and global risk
 aversion ahead of consumer inflation data that traders
 expect to gives clues on the path of interest
 rates.            
 
 SOUTH AFRICA INFLATION
 South Africa's headline consumer inflation slowed more than
 expected to 6.1 percent year-on-year in March from 6.3
 percent in February, data from Statistics South Africa
 showed on Wednesday.            
 
 SOUTH AFRICA ECONOMY
 South Africa's finance minister dismissed calls from one of
 his own advisers for the nationalisation of banks and mines
 on Wednesday, and acknowledged that investors had been
 unsettled by turmoil surrounding his ministry.            
 
 ZAMBIA POLITICS
 Lawyers for a Zambian opposition party leader accused of
 trying to overthrow the government asked a court on
 Wednesday to throw out the case, saying the state charges
 were vague and ambiguous.            
 
 NIGERIA POLITICS
 Nigeria's President Muhammadu Buhari on Wednesday ordered an
 investigation into corruption allegations against a senior
 civil servant related to the use of funds intended for
 handling a humanitarian crisis in the northeast of the
 country.            
 
 NIGERIA UNREST
 The Nigerian army on Wednesday launched a month-long
 operation to reduce violence in the centre of the country,
 as ethnically charged fighting pressures a government
 already tackling Boko Haram in the northeast and militants
 in the oil-rich south.            
 
 ZIMBABWE POLITICS
 Two of Zimbabwean President Robert Mugabe's chief rivals
 said on Wednesday they were allying to deny the 93-year-old
 another term in office.            
 
 KENYA ECONOMY
 Kenya's economy grew 5.8 percent last year, just above 5.7
 percent growth the previous year but still slightly short of
 forecasts, the statistics office said on
 Wednesday.            
 
 SOUTH SUDAN UNREST
 A United Nations official said on Wednesday 82 aid workers
 had been killed in South Sudan's civil war and the number of
 its citizens displaced by the fighting now stands at 3.5
 million.            
 
 BURUNDI ECONOMY
 The International Monetary Fund has slashed its projection
 for Burundi's economic growth this year to nil and projected
 just 0.1 percent in 2018.            
 
 UGANDA SECURITY
 The Ugandan military said on Wednesday it has begun
 withdrawing troops from Central African Republic where it
 had been pursuing rebel leader Joseph Kony and his Lord's
 Resistance Army, saying it has accomplished its mission -
 although Kony remains at large.            
 
 
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