July 14, 2017 / 5:41 AM / 11 days ago

African Markets - Factors to watch on July 14

4 Min Read

    NAIROBI, July 14 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Friday.
    - - - - -
 GLOBAL MARKETS
 Global stocks scaled record highs on Friday, with Asian
 equities rising for the fifth straight session, as signs the
 Federal Reserve will pursue a gradual rate tightening path
 and hopes of a strong earnings season lifted appetite for
 risk assets.                        
 
 WORLD OIL PRICES
 Oil markets dipped on Friday, pulled down by high fuel
 inventories and improving industry efficiency, but were still
 on track for a solid weekly gain.                  
 
 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 on Thursday, retreating from a
 one-week high as a plan by the finance minister to pull the
 economy out of recession and positive mining data were
 overshadowed by a resurgence of dollar demand.             
 
 SOUTH AFRICA POLITICS
 South Africa's anti-graft watchdog wants President Jacob Zuma
 to comply with an order by her predecessor and appoint a
 judge to investigate influence-peddling allegations in his
 government, court filings showed on Thursday.             
 
 SOUTH AFRICA ECONOMY
 South Africa's finance minister laid out an ambitious
 14-point programme on Thursday to wrench the economy out of
 recession that included the sale of non-core assets and
 partial privatisation of state-owned firms.             
 
 NIGERIA ECONOMY
 Nigeria will continue to borrow to fund its budget for 2017,
 the finance ministry said in a statement on Thursday, after
 the finance minister said on Tuesday Africa's largest economy
 "cannot borrow anymore".              
 
 KENYA POLITICS
 A senior Kenyan government official was taken hostage with
 five other people by suspected Islamist militants who
 attacked the vehicle they were travelling in on Thursday, a
 military spokesman said.             
 
 ZIMBABWE ECONOMY
 Zimbabwe collected $1.8 billion in taxes during the first six
 months of this year, exceeding its target by 8 percent, while
 its full-year forecast has been revised up on better economic
 growth prospects, the tax agency said on Thursday.
             
 
 MOZAMBIQUE ECONOMY
 The outlook for a restructuring of $2 billion of
 controversial borrowing by Mozambique state firms will be
 better next year as the southern African country receives
 more earnings from its energy resources, a senior Mozambican
 diplomat said.             
 
 SOUTH SUDAN POLITICS
 South Sudan's President Salva Kiir has sacked several judges
 who had been on strike over poor pay and living conditions
 for the last two months, officials said on Thursday.
             
 
 CAMEROON VIOLENCE
 Two suicide bombers killed at least 12 people and wounded
 over 40 others in a small town in northern Cameroon near the
 Nigerian border late on Wednesday, a senior army source and a
 local official told Reuters.             
 
 BOTSWANA POLITICS
 Botswana will host the Dalai Lama, Tibet's spiritual leader,
 next month, officials said on Thursday, risking a backlash
 from China, a major investor in the African country's
 economy.             
 
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