May 15, 2018 / 4:32 AM / 5 months ago

African Markets - Factors to watch on May 15

    NAIROBI, May 15 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Tuesday.
                   - - - - -
 EVENTS
 NIGERIA - The statistics office is expected to release
 consumer price index data for April. 
 GLOBAL MARKETS
 Asian stocks pulled back on Tuesday, brushing off a firmer
 Wall Street lead and pausing a recent rally, as investors
 remained cautious about key economic and political risks,
 while supply concerns kept crude oil prices near 3-1/2-year
 highs.                            
 WORLD OIL PRICES
 Oil prices held firm on Tuesday as ongoing production cuts
 by OPEC and looming U.S. sanctions against Iran tightened
 the market amid strong demand.                      
 
 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 strengthened on Monday, benefiting from
 an upswing in global risk appetite linked to hopes for
 improving trade relations between the United States and
 China, the world's two largest economies.             
 KENYA MARKETS
 The Kenyan shilling        was stable on Monday and traders
 said it was likely to come under pressure due to ample
 liquidity which could help banks build up their dollar
 holdings.                
 KENYA PRIVATE EQUITY 
 Private investment firm TPG has paid $47.5 million to
 acquire an unspecified stake in Kenyan digital payments firm
 Cellulant, which operates in 11 African markets, both firms
 said on Monday.              
 DEMOCRATIC REPUBLIC OF CONGO MINING
 Major miners operating in the Democratic Republic of Congo,
 Africa's top copper producer, said on Monday that a
 commission set up to draft detailed regulations to implement
 a new mining code had completed its work.                  
 ETHIOPIA POLITICS
 An exiled Ethiopian opposition party from the country's
 restive Oromiya region said it had held talks with the
 government, a tentative step in its aim of returning to the
 political fold.                   
 IVORY COAST COCOA
 Above-average rainfall in some of Ivory Coast's southern
 cocoa-growing regions last week could affect the quality of
 mid-crop harvests, farmers said on Monday.              
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