October 13, 2017 / 4:40 AM / in 6 days

African Markets - Factors to watch on Oct. 13

The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
    - - - - -
 EVENTS:
 * Ghana launches start of 2017/8 cocoa season
 
 GLOBAL MARKETS
 Asian stocks edged to a 10-year high on Friday thanks to
 expectations of brisk global growth, although investors held off
 chasing shares higher ahead of U.S. economic data and next
 week's Chinese Communist Party Congress. nL4N1MO07D]           
 
 WORLD OIL PRICES
 Oil prices rose on Friday as both U.S. crude production and
 inventories declined, pointing towards a tightening market.
 Strong Chinese oil import data also supported crude prices,
 traders said.             
 
 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 raced to a two-week high on Thursday as
 investor appetite for riskier but high-yielding emerging markets
 assets improved and data eased concerns about the domestic
 economy.             
 
 KENYA MARKETS
 The Kenyan shilling        was steady against the dollar on
 Thursday, propped by remittances from Kenyans abroad and
 horticulture revenue depite looming political uncertainty,
 traders said.                            
 
 KENYA ELECTION
 Kenyan authorities banned protests in central Nairobi and other
 hotspots as they tried to keep a lid on mounting political
 turmoil in the build-up to a repeat presidential vote.
             
 
 LIBERIA ELECTION
 Former soccer star George Weah leads in partial presidential
 election results in 11 of Liberia's 15 counties, the electoral
 commission said on Thursday, after a vote meant to bring about
 the country's first democratic transfer of power in decades.
                 
 
 SOMALIA SECURITY
 Two of Somalia's highest-ranking military officials have
 resigned, state outlets said on Thursday, in moves that could
 deal a blow to the war-torn Horn of Africa country's efforts to
 fight Islamist militants.             
 
 ZIMBABWE POLITICS
 Zimbabwe's ruling ZANU-PF is planning a special vote to give
 veteran President Robert Mugabe a fresh five-year mandate as
 party leader, three sources said, strengthening his hand as
 rivals plot to succeed him.             
 
 CHAD BOKO HARAM
 Chad has withdrawn hundreds of troops from neighbouring Niger,
 where they were helping local forces fight Boko Haram Islamist
 militants, humanitarian sources and officials said.
 The pull-out over the past two weeks could weaken a region-wide
 struggle against the militants who have killed tens of thousands
 of people, forced many more to flee and triggered a humanitarian
 crisis.             
 
 
 
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