March 17, 2017 / 6:28 AM / in 8 months

African Markets - Factors to watch on March 17

    NAIROBI, March 17 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Friday.
    - - - - -
 
 GLOBAL MARKETS
 Asian stocks advanced on Friday, set for their best week
 since July, while the dollar continued the slide that began
 after the Federal Reserve indicated it was unlikely to speed
 up monetary tightening.                       
 
 WORLD OIL PRICES
 Oil prices were little changed in early Asian trade on
 Friday as the market looked for clues on how effectively
 OPEC production cuts are working to absorb a global supply
 overhang.                 
 
 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 extended gains against the dollar on
 Thursday after the U.S. Federal Reserve raised interest
 rates but signalled a gradual pace of rate hikes, while
 stocks rode a commodity rally higher.            
 
 
 NIGERIA OIL
 The moment a group of Nigerian contractors met executives
 from Italian oil major Eni          to discuss unpaid wages
 they started shouting, calling them fraudsters and liars
 until a police commander restored calm.            
 
 
 NIGERIA JUSTICE
 The former head of Nigeria's state oil company was charged
 in court on Thursday with money laundering and five counts
 of fraud, the country's anti-corruption watchdog
 said.                
 
 
 KENYA MARKETS
 The Kenyan shilling        fell against the dollar on
 Thursday due to demand from oil importers, trader
 said.            
 
 
 KENYA DEBT
 A cap on commercial lending rates by the Kenyan government
 has hurt its own ability to raise funds in the local debt
 market as it struggles to keep yields below the maximum
 threshold.                
 
 
 GHANA POLITICS
 Ghana's main opposition party and radio phone-in callers
 slammed new President Nana Akufo-Addo on Thursday for naming
 an 'elephant size' team of 110 ministers and deputies
 despite a campaign promise to cut government
 waste.            
 
 
 UGANDA MARKETS
 The Ugandan shilling        was stable on Thursday as firms
 took a break from the foreign exchange market to settle
 their mid-month tax obligations.            
 
 
 ETHIOPIA ACCIDENT
 Emergency workers in the Ethiopian capital Addis Ababa
 searched through a mountain of garbage for the fifth
 consecutive day on Thursday as the death toll from a
 landslide at a rubbish landfill site rose to
 115.            
 
 
 SOMALIA HIJACK
 Somali pirates released a hijacked oil tanker and its eight
 Sri Lankan crew on Thursday, a Somali security official and
 the pirates said, bringing the first hijacking since 2012 to
 an unusually swift conclusion without the payment of a
 ransom.            
 
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