March 14, 2017 / 4:49 AM / in 8 months

African Markets - Factors to watch on March 14

    NAIROBI, March 14 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Tuesday.
    - - - - -
 
 GLOBAL MARKETS
 Sterling slipped on Tuesday after Britain's parliament paved
 the way for Prime Minister Theresa May to launch divorce
 talks with the European Union, while stocks advanced ahead
 of an expected U.S. interest rate later in the
 week.                       
 
 WORLD OIL PRICES
 Crude oil prices hovered near three-month lows on Tuesday in
 Asian trading, with investors waiting for key reports and
 data that may shed light on a supply overhang in the global
 market.                 
 
 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 against the dollar on Monday
 ahead of the U.S. Federal Reserve's interest rate decision,
 with both the currency and stock markets lifted by higher
 metals prices.            
 
 
 NIGERIA MARKETS
 Nigeria's central bank sold the dollar on Monday at its
 highest level on the official interbank market since August,
 traders said, pushing down the naira.            
 
 
 NIGERIA OIL
 A Nigerian court case in which Royal Dutch Shell         
 and Italy's Eni          are seeking to have a government
 seizure of a long-disputed oilfield lifted has been
 adjourned until March 17, a judge said on
 Monday.                
 
 
 KENYA MARKETS
 The Kenyan shilling       was steady on Monday and was seen
 easing due increased dollar from oil importers and scant
 inflows from exporters and charities, traders
 said.            
 
 
 KENYA/UKRAINE- GRAINS 
 The Kenyan government has decided to buy 450,000 tonnes of
 maize from Ukraine to be supplied from March to May,
 Ukraine's agriculture ministry said on Monday.             
 
 
 KENYA BANKING
 Kenya's central bank said on Monday it would process
 requests for licences by two new banks, ending a moratorium
 it put in place in 2015 on licensing new commercial
 banks.                
 
 
 UGANDA MARKETS
 The Ugandan shilling        was predicted to weaken on
 Monday as traders said there was a surge in demand for
 dollars from firms in the manufacturing and energy
 sectors.            
 
 
 ETHIOPIA ACCIDENT
 Parents scrabbled through a towering pile of fetid garbage
 on Monday, screaming the names of children buried when a
 mountain of trash collapsed on makeshift homes and killed at
 least 65 people.                
 
 
 NIGER POLITICS
 Niger's appeals court on Monday sentenced an exiled former
 presidential candidate to a year in jail for child
 trafficking, the final ruling in a long-running case that
 his lawyers have dismissed as politically
 motivated.            
 
 
 CONGO ECONOMY
 Congo's central bank raised its growth forecast for 2017 to
 4.9 percent on Monday, up from an earlier estimate of 2.9
 percent, owing to a more bullish outlook for commodity
 prices.            
 
 
 IVORY COAST COCOA
 Cocoa arrivals at ports in top grower Ivory Coast reached
 around 1,351,000 tonnes by March 12, since the start of the
 season on Oct. 1, exporters estimated on Monday, up from
 1,258,000 tonnes in the same period last season.            
 
 
 
 ZIMBABWE MINING
 Zimbabwe's mining output is under threat because banks are
 delaying processing foreign payments by up to three months
 due to a shortage of dollars, the southern African country's
 mining chamber warned on Monday.              
 
 ZIMBABWE ENERGY
 Zimbabwe is negotiationg a new deal to continue importing
 power from South African utility Eskom to make up for
 shortfalls in generating capacity at its Kariba hydropower
 station, the energy minister said on Monday.                
 
 
 
 TANZANIA MINING
 Tanzania has awarded a coal mining licence to the local unit
 of Nigeria's Dangote Cement              as part of plans to
 lower the company's production costs and ease disruptions
 caused by energy shortages.            
 
 
     For the latest precious metals report click on        
     For the latest base metals report click on         
     For the latest crude oil report click on       
   
   

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