April 12, 2018 / 5:13 AM / 12 days ago

African Markets - Factors to watch on April 12

    NAIROBI, April 12 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
    - - - - -
 EVENTS:
 *KENYA - The central bank to auction 91-day, 182-day and
 364-day Treasury bills worth a total 24 billion shillings.
 *NIGERIA - The statistics office to release consumer
 inflation data for March.
 *IVORY COAST - New senate due to be sworn in.
 
 GLOBAL MARKETS
 Asian stocks came under pressure on Thursday as the threat
 of imminent U.S. military action in Syria rattled investors
 and sent oil prices to their highest levels since late 2014
 on concerns about supply.                       
 
 WORLD OIL PRICES
 Oil markets remained tense on Thursday on concerns over a
 military escalation in Syria, although prices remained some
 way off Wednesday's highest since late 2014 as bulging
 American supplies weighed.                  
 
 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 firmed in late trade on Wednesday as the
 dollar slipped on fears of possible Western military action
 against Syria and tensions between Russia and the United
 States soared, subduing risk appetite.            
 
 NIGERIA MARKETS
 Nigeria's stock exchange lifted a suspension on trading in
 shares in oil company Oando            on Wednesday,
 following a directive from the Securities and Exchange
 Commission (SEC), the stock exchange said.            
 
 NIGERIA TELECOMS
 Nigeria's Teleology Holdings has 90 days to pay $450 million
 to complete its acquisition of telecoms provider 9mobile or
 face a rival bid, the country's telecoms regulator said on
 Wednesday.            
 
 KENYA MARKETS
 The Kenyan shilling        strengthened against the dollar
 on Wednesday, buoyed by tight liquidity conditions in the
 money market and inflows of hard currency from offshore
 investors, traders said.            
 KENYA BANKING
 KCB Group          has re-appointed Chief Executive Officer
 Joshua Oigara for a new four-year term, Kenya's biggest bank
 by assets said.            
 
 GHANA ECONOMY
 Ghana's economy expanded by 8.5 percent in 2017 - the
 fastest rate in five years - mainly on the back of increased
 oil and gas production, according to a provisional estimate
 announced by the statistics office on Wednesday.            
 
 GHANA OIL
 Ghana will launch its first exploration licensing round in
 the last quarter of this year offering about six offshore
 blocks, deputy energy minister Mohamed Amin Adam
 said.            
 
 MOZAMBIQUE ECONOMY
 Mozambique's central bank reduced its benchmark lending rate
 by 100 basis points to 18 percent, the governor said on
 Wednesday.            
 ZIMBABWE AVIATION
 Zimbabwe has bought two Boeing 777 aircraft and an Embraer
 plane from Malaysia, the finance minister said on Wednesday,
 adding the planes would be leased to a new local airline
 until national carrier Air Zimbabwe returned to
 profitability.            
 
 ZAMBIA DEBT
 Zambia's $8.7 billion foreign debt has not been understated
 and those saying it is higher should produce evidence, the
 ministry of finance said on Wednesday, following market
 speculation that the debt could be more than double the
 official figure.            
 
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