May 11, 2018 / 4:53 AM / in 13 days

African Markets - Factors to watch on May 11

The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
    - - - - -
 
 GLOBAL MARKETS
 Asian shares rallied on Friday as risk appetite got a boost
 from soft U.S. inflation, helping alleviate worries of
 faster rate hikes by the Federal Reserve, while investors
 also cheered U.S.-North Korean steps to further ease
 tensions on the Korean Peninsula.                       
 
 WORLD OIL PRICES
 Oil prices on Friday dipped away from multi-year highs
 reached the previous session on hopes that alternative
 supplies could replace a looming drop in Iranian exports
 when U.S. sanctions against Tehran are
 re-imposed.                 
 
 EMERGING MARKETS
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 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 
 
 SOUTH AFRICA MARKETS
 South Africa's rand recovered on Thursday, firming more than
 1.5 percent against the dollar as the greenback fell after
 weaker than forecast U.S. inflation data pared market
 expectations of a faster interest rate rise by the Federal
 Reserve.            
 
 
 
 AFRICAN CURRENCIES
 Kenya's shilling is likely to come under pressure next week
 but Zambia's currency is expected to hold firm.            
 
 
 
 NIGERIA CURRENCY
 The gap between Nigerian banks' bids to buy and sell the
 naira          to investors is widening due to a tight
 supply of dollars in the market, traders said on Thursday,
 suggesting the currency is coming under international
 pressure even as government finances improve.            
 
 
 
 NIGERIA OIL
 Nigeria's government plans to create a powerful energy
 regulator with broad oversight of the oil and gas sector,
 according to draft versions of sweeping reforms known
 collectively as the Petroleum Industry Bill
 (PIB).              
 
 
 
 NIGERIA SUDAN/DIPLOMAT
 A Nigerian diplomat was found dead in his home in the
 Sudanese capital Khartoum on Thursday, two security sources
 said, in an apparent murder that police said did not appear
 to be politically motivated.                
 
 
 
 NIGERIA HEALTH EBOLA
 Nigeria has increased screening tests at airports and other
 points of entry as a precautionary measure following an
 outbreak of Ebola in the Democratic Republic of Congo, the
 immigration service said on Thursday.              
 
 
 
 
 HEALTH EBOLA/CONGO
 The Democratic Republic of Congo announced on Thursday the
 first confirmed death in a new outbreak of Ebola virus and
 said 11 other people were now confirmed to be infected,
 including three medical staff.               
 
 
 
 
 KENYA MARKETS
 The Kenyan shilling        was steady against the dollar on
 Thursday with inflows from offshore investors meeting demand
 from the energy sector and manufacturers, traders
 said.            
 
 
 
 KENYA FLOODS
 A dam on a commercial flower farm in Kenya's Rift Valley
 burst after weeks of torrential rain, unleashing a "sea of
 water" that careered down a hillside and smashed into two
 villages, killing at least 47 people.            
 
 
 
 GHANA EUROBONDS
 Ghana sold $2 billion worth of dual-tranche Eurobonds with
 10- and 30-year maturities on Thursday and it will pay
 issuer-desired yields, government and transaction sources
 said.                
 
 
 
 EQUATORIAL GUINEA LNG
 Equatorial Guinea is in talks to sell liquefied natural gas
 (LNG) supply from its Punta Europa project to independent
 and state-backed oil companies and traders from 2020 as it
 winds down an exclusive deal with Royal Dutch Shell
         .    
 
 
 
 GAMBIA POLITICS
 Gambia is selling several planes and a fleet of luxury cars
 bought by former president Yahya Jammeh as it seeks to
 reduce a mountain of crippling debt contracted during the
 authoritarian leader's decades-long rule.                   
 
 
 
 USA-NIGER MILITARY
 A series of individual and organizational failures,
 including a lack of training and situational awareness,
 contributed to a deadly ambush in Niger last year that
 killed four U.S. soldiers, a partial Pentagon report
 released on Thursday said.                  
 
 
 
 SOUTH SUDAN INTERVIEW
 South Sudan will finish paying off its debt to neighbour
 Sudan in June with a final cargo of crude oil, South Sudan's
 oil minister Ezekiel Lol Gatkuoth told Reuters on the
 sidelines of the Africa Oil and Power investor forum in
 London.                       
 
 
 
 ZAMBIA SOUTH AFRICA/ATTACKS
 Protesters hurled petrol bombs at three Zambian-registered
 trucks in South Africa, leaving one of the drivers with
 life-threatening injuries, the second attack on foreign
 vehicles there in two weeks, officials said.            
 
 
 
 ETHIOPIA MINING
 Ethiopia has suspended a gold mining firm's licence after
 weeks of protests in a town near the mine by local people
 who accuse the company of polluting their source of water
 and the atmosphere, a government official said.            
 
 
 
 SOMALIA SECURITY
 An bomb targeting soldiers in southern Somalia killed seven
 on Thursday, a government official said, the second such
 incident in two days.                
 
 
 
 RWANDA INFLATION
 Rwanda's year-on-year inflation rose to 1.7 percent in April
 from 0.9 percent in March, the statistics office said on
 Thursday.                
 
 
 
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