#Africa #Markets – Factors to watch on Dec 30

NAIROBI, Dec 30 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
– – – – –
EVENTS:
*KENYA – The central bank auctions 91-day, 182-day and
364-day Treasury bills worth a total 16 billion shillings.

GLOBAL MARKETS
Asian shares unwound early gains on Wednesday, as investors
turned cautious following renewed selling in recently
battered crude oil futures.

WORLD OIL PRICES
Crude oil futures fell around half a dollar early on
Wednesday as the market remained under pressure from slowing
demand and high supplies, while forecasts that a cold snap
in Europe and the United States would be short-lived also
hurt prices.

SOUTH AFRICA MARKETS
South Africa’s rand made modest gains against the dollar on
Tuesday in thin trade, pulling away from two-week lows as a
recent bout of global risk aversion eased.

UGANDA CURRENCY
The Ugandan shilling weakened on Tuesday, undermined
by a scarcity of dollars and strong end-of-month demand from
commercial banks and manufacturers.

BURKINA FASO POLITICS
Burkina Faso’s constitutional court swore in Roch Marc
Kabore as president on Tuesday, making the former prime
minister the country’s first new leader in almost 30 years
following his election last month.

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