March 16, 2017 / 7:30 AM / in 8 months

African Markets - Factors to watch on March 16

    NAIROBI, March 16 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
    - - - - -
 EVENTS:
 Confederation of African Football holds election.
 
 
 GLOBAL MARKETS
 The dollar nursed sharp losses in Asia on Thursday while
 sovereign bonds savoured their biggest rally in nine months
 after the Federal Reserve hiked interest rates, as expected,
 but signalled no pick-up in the pace of
 tightening.                       
 
 
 WORLD OIL PRICES
 Crude oil prices rose on Thursday in early Asian trading,
 extending gains from the previous session after official
 data showed U.S. stockpiles had eased from record
 highs.                 
 
 
 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 Wednesday
 as investors awaited the U.S. Federal Reserve's interest
 rate decision and the clues it would reveal in its monetary
 policy outlook. Stocks were flat.            
 
 
 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
 Four female teenage suicide bombers killed two people and
 injured 16 others in a residential area in the northeast
 Nigerian city of Maiduguri, a disaster agency spokesman said
 on Wednesday.                
 
 
 KENYA MARKETS
 The Kenyan shilling        was under pressure from the
 dollar on Wednesday due to oil importer demand and dwindling
 inflows from portfolio investors, traders said.            
 
 
 KENYA PRESIDENT
 Kenyan President Uhuru Kenyatta brushed off criticism of
 government borrowing in a state of the nation speech on
 Wednesday, saying it had funded the most aggressive
 development drive in the country's history.                
 
 
 UGANDA MARKETS
 The Ugandan shilling        was stable on Wednesday, helped
 by inflows from offshore investors taking part in a Treasury
 bill auction. A total of 165 billion shillings ($45.96
 million) worth of debt was scheduled for sale at Wednesday's
 sale.            
 
 
 UGANDA HUMAN RIGHTS
 Uganda acknowledged on Wednesday that its security forces
 killed more than 100 people in an assault on a tribal
 leader's palace last year, revising the death toll upwards
 by dozens, but denied a rights group's accusation that
 children were among the dead.               
 
 
 ETHIOPIA ACCIDENT
 The death toll from a landslide at a dump in the Ethiopian
 capital Addis Ababa has reached 113, officials said on
 Wednesday, as the government declared three days of national
 mourning.            
 
 
 SOMALIA HIJACK
 A volatile buildup of weapons and resentment along the
 northern Somali coast culminated in the hijack of an oil
 freighter this week, the first such seizure by Somali
 pirates since 2012, experts and locals told Reuters on
 Wednesday.                
 
 
 SOMALIA-UK DIPLOMACY
 British foreign minister Boris Johnson met Somalia's
 President Mohamed Abdullahi Mohamed on Wednesday, pledging
 aid to help combat the effects of a devastating drought, the
 Somali president's office said.                
 
 
 ZIMBABWE TOBACCO
 Zimbabwe is likely to produce 205 million kgs of tobacco
 this year, slightly more than 2016, with sales of its main
 export likely to improve dollar supplies in the
 cash-strapped economy, an industry official said on
 Wednesday.            
 
 
 RWANDA ECONOMY
 Rwanda's economy grew by 5.9 percent last year, less than
 the 6.9 percent growth recorded in 2015, the statistics
 office said on Wednesday.             
 
 
 WEST AFRICAN SECURITY
 West African forces freed 5,000 people being held in
 villages byBoko Haram, in an operation that killed more than
 60 fighters and destroyed the Islamist group's hideout along
 the Nigeria-Cameroon border, Cameroon said on
 Wednesday.                
 
 
     For the latest precious metals report click on        
     For the latest base metals report click on         
     For the latest crude oil report click on       
   
   

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below