February 9, 2018 / 5:11 AM / 9 months ago

African Markets - Factors to watch on Feb. 9

The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
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 GLOBAL MARKETS
 Asian stocks fell on Friday, with Chinese shares slipping to
 multi-month lows after Wall Street shares dropped again in
 the face of rapidly-rising bond yields, while perceived
 havens such as the yen and Swiss franc were in
 demand.                       
 
 WORLD OIL PRICES
 Oil prices fell for a sixth day on Friday after Iran
 announced plans to boost production and U.S. crude output
 hit record highs, adding to concerns about a sharp rise in
 global supplies.                 
 
 EMERGING MARKETS
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 AFRICA STOCKS
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 SOUTH AFRICA MARKETS
 South Africa's rand edged firmer on Thursday but remained
 above the crucial 12.00 mark against the dollar as the
 continuing stalemate over President Jacob Zuma's future
 capped demand.            
 
 
 NIGERIA SECURITY
 Nigeria's president on Thursday denied that government
 proposals to share out land to end a wave of violence over
 grazing rights amounted to "colonization" of fertile areas
 by his own ethnic group.            
 
 
 KENYA MARKETS
 Kenya's shilling        gained ground on Thursday, staying
 within a 20-month high against the dollar, helped by inflows
 from agricultural exports coupled with low importer demand,
 traders said.            
 
 
 KENYA TOURISM
 Kenya's revenue from tourism jumped 20 percent last year,
 the government said on Thursday, as the sector continued to
 recover from a series of attacks on the country a few years
 ago that had deterred foreign visitors.                
 
 
 KENYA POLITICS
 The last of three television stations shut down by the
 Kenyan government last week resumed transmission on
 Thursday, the channel, Citizen TV, said on its Twitter
 feed.            
 
 
 KENYA POLICE
 A Kenyan court has convicted a policeman of murdering a
 suspected thief in 2013 in a rare victory for the
 independent police watchdog that brought the case, the Daily
 Nation newspaper reported.                
 
 
 GHANA BOND
 Ghana sold 1.99 billion cedis ($448 million) worth of a
 fresh five-year domestic bond on Thursday and the major
 commodity exporter will pay a yield of 16.5 percent, joint
 transaction arrangers said.                
 
 
 AFRICA CURRENCIES
 Ghana's cedi and Kenyan shilling are expected to firm next
 week on the back of export and investor inflows while the
 Tanzanian shilling is expected to remain under
 pressure.             
 
 
 TANZANIA INFLATION       
 Tanzania's inflation rate              remained unchanged at
 4.0 percent in January, the statistics office said on
 Thursday.            
 
 
 GAMBIA COMNWHEALTH
 Gambia has rejoined the Commonwealth, the tiny West African
 former British colony's foreign ministry said on Thursday,
 five years after its now exiled former authoritarian leader
 withdrew his country, calling it a "neo-colonial
 institution".                
 
 
 CONGO VIOLENCE     
 A military offensive launched last month by Congolese troops
 against Ugandan militants in eastern Democratic Republic of
 Congo is likely to force nearly 370,000 people from their
 homes, the United Nations said on Thursday.            
 
 
 ETHIOPIA INFLATION
 Ethiopia's year-on-year inflation rate edged down to 13.4
 percent in January, the statistics agency said on its
 website.                
 
 
 ETHIOPIA PRISONERS
 Ethiopia will release 746 more prisoners, including a
 journalist and a senior opposition official who were jailed
 for conspiracy to commit terrorist acts, the attorney
 general's office said on Thursday.             
 
 
 MOZAMBIQUE HEALTH
 International financing organisation, The Global Fund, has
 approved a $515 million in new grants for Mozambique to
 fight AIDS, tuberculosis and malaria, it said on
 Thursday.                    
 
 
 UGANDA MARKETS
 The Ugandan shilling        traded unchanged against the
 dollar on Thursday, helped by tight local currency
 liquidity.                
 
 
 UGANDA COFFEE
 Uganda's coffee exports in December fell 9 percent year on
 year, dragged down by unfavourable weather, a report by the
 Uganda Coffee Development Authority (UCDA) regulator showed
 on Thursday.             
 
 
 RUSSIA AFRICA/FERTILIZERS           
 Russian fertiliser producers Uralchem and Uralkali plan to
 boost sales in southeast Africa, their co-owner Dmitry
 Mazepin said on Thursday, after meeting the leaders of
 Zimbabwe and Zambia.            
 
 
 MAURITIUS INFLATION
 Mauritius' year-on-year inflation rate              jumped
 to 6.2 percent in January from 4.2 percent in the previous
 month, the statistics office said on Thursday.              
 
 
 
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