#Africa #Markets – Factors to watch on March 24

(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market
moves and political events may affect African markets
on Friday.
– – – – –
GLOBAL MARKETS
The dollar recouped a little lost ground on Friday amid
signs a delayed vote on President Donald Trump’s healthcare
bill would go ahead later in the day, though it remained
unclear whether it would pass.

WORLD OIL PRICES
Oil prices edged up on Friday, supported by a fall in Saudi
exports to the United States, but overall markets remained
under pressure on the back of a world market awash with
fuel.

AFRICA CURRENCIES
The Kenyan shilling is expected to remain stable over the
next week, with importer demand for dollars set to outweigh
inflows, while Nigeria’s naira is likely to strengthen
further in the black market on the back of central bank
interventions.

SOUTH AFRICA MARKETS
South Africa’s rand maintained a data-fuelled rally on
Thursday sparked in the previous session by
better-than-expected current account figures and a softer
inflation print.

NIGERIA MARKETS
The gap between what traders bid and offer for Nigeria’s
naira on the black market has widened following a series of
central bank interventions on the official market.

KENYA MARKETS
The Kenyan shilling traded stable against the dollar on
Thursday, with market players eyeing a monetary policy rate
decision by the central bank on Monday, traders said.

KENYA BONDS
Kenya began selling a government bond exclusively via mobile
phones on Thursday, a world first aimed at expanding the
pool of investors in a country that needs money for
infrastructure projects and where many people don’t have a
bank account.

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