African Markets - Factors to watch on March 15

Wed Mar 15, 2017 4:59am GMT
 

    NAIROBI, March 15 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
    - - - - -
 EVENTS:
 Rwanda's 2016 gross domestic product figure to be released
 
 
 GLOBAL MARKETS
 Asian stocks slipped on Wednesday as investors took profits
 before a U.S. central bank policy meeting that could signal
 how much monetary tightening to expect during the remainder
 of the year, with an immediate rate hike fully priced in by
 markets.                       
 
 WORLD OIL PRICES
 U.S. crude stocks fell last week, while gasoline and
 distillate inventories drew more than expected, industry
 group the American Petroleum Institute said on
 Tuesday.                 
 
 EMERGING MARKETS
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 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 
 SOUTH AFRICA MARKETS
 South Africa's rand          was little changed in early
 trade on Tuesday, with a U.S. rate hike expected this week
 priced into the market, while investors awaited domestic
 manufacturing data for fresh clues on the state of the
 economy.            
 
 
 NIGERIA MARKETS
 Nigeria's naira          weakened for the second consecutive
 session on Tuesday after the central bank sold the dollar at
 its highest level ever on the official interbank
 market.            
 
 
 NIGERIA SECURITY
 Islamist militant sect Boko Haram on Tuesday released a
 video purporting to show the execution of three men the
 group accused of being Nigerian military spies.             
 
 
 
 KENYA MARKETS
 The Kenyan shilling        weakened against the dollar on
 Tuesday due to a surge in demand from oil companies and
 general retailers, traders said.            
 
 
 KENYA HEALTH
 Kenyan doctors ended a three-month strike in public
 hospitals on Tuesday after reaching agreement on pay and
 working conditions, ending a standoff that threatened to
 embarrass the government before August's
 elections.            
 
 
 UGANDA MARKETS
 The Ugandan shilling UGX= traded in a stable position on
 Tuesday, propped up by sagging appetite for dollars as most
 firms reserved their local currency holdings for mid-month
 tax payments.            
 
 
 SOMALIA SECURITY
 Pirates have hijacked an oil tanker with eight Sri Lankan
 crew on board, Somali authorities said on Tuesday, the first
 time a commercial ship has been seized in the region since
 2012.            
 
 
 MOZAMBIQUE CHOLERA
 A cholera outbreak in parts of Mozambique has infected more
 than 1,200 people, killing two this month after heavy rains,
 and will spread further if no action is taken, a health
 ministry official said on Tuesday.            
 
 
 SOUTH SUDAN SECURITY
 Eight local staff with a U.S. aid group in South Sudan were
 released safely on Tuesday after being detained by armed
 men, the agency said, calming fears that such workers could
 become a new target in the famine-hit nation's civil
 war.            
 
 
 IVORY COAST COCOA
 Cocoa exporters in top producer Ivory Coast expect port
 arrivals to fall by half to around 20,000 tonnes per week
 from next week, and to remain at that low level until May or
 June owing to poor bean quality, they said on
 Tuesday.                
 
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