(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market
moves and political events may affect African markets
SOUTH AFRICA – Manufacturing production data for Feb expected.
Asian stocks fell in choppy trade on Tuesday as the
political tinderbox in the Middle East and the Korean
Peninsula added to uncertainty over the looming French vote,
pushing edgy investors into safer assets such as the yen and
WORLD OIL PRICES
U.S. crude oil rose for a sixth consecutive session on
Tuesday to hit its highest level in five weeks, underpinned
by tensions following a U.S. missile strike on Syria and a
shutdown at Libya’s largest oilfield.
SOUTH AFRICA MARKETS
South Africa’s rand traded weaker early on Monday as credit
downgrades to “junk” by two ratings firms last week
following the sudden firing of the finance minister
continued to weigh.
Nigeria’s central bank intervened on the spot forex market
on Monday selling $1.5 million at 305.65 naira, Thomson
Reuters data, propping up the local currency which had
weakened to 328.50 during mid-trades.
President Donald Trump’s administration is pushing forward
with plans to sell up to a dozen aircraft to Nigeria’s air
force for the fight against the extremist group Boko Haram,
sources said on Monday, in a deal that could be worth up to
NIGERIA SECURITY/BOKO HARAM
Niger security forces killed 57 members of Islamist militant
group Boko Haram who attacked a village in the southeastern
Diffa region overnight, the defence ministry said in a
statement on Monday.
The Kenyan shilling weakened slightly against the
dollar on Monday due to demand from oil importers but
foreign exchange inflows from diaspora remittances were seen
offering support, traders said.
IVORY COAST COCOA
Heavy rains in Ivory Coast’s western cocoa growing regions
and persistent dry conditions in the east have raised
concerns about bean quality for the April-to-September
mid-crop, farmers said on Monday.
The Ugandan shilling was little changed on Monday but
was inclined toward the stronger side on the back of waning
appetite for hard currency among players in the interbank
The Ugandan government charged a prominent academic with a
“cyber harassment” offence on Monday after she repeatedly
posted criticism of President Yoweri Museveni and his wife
on Facebook, according to court documents.
Mozambique’s central bank cut its benchmark lending rate by
50 basis points to 22.75 percent, it said on
Opposition calls for mass protests against Democratic
Republic of Congo President Joseph Kabila fell flat on
Monday when only a handful of people showed up, undermining
efforts to oust him after his refusal to quit on expiry of
his mandate last year.
A suicide bomber wearing army uniform killed at least nine
soldiers at a campin Somalia’s capital on Monday,
authorities said, and a government official was killed by a
bomb planted in his car.
Cotton production in Mali jumped 18 percent in the 2016/2017
season to 647,212 tonnes, the country’s highest yield in
more than a decade, an official at the Malian Company for
the Development of Textiles (CMDT) said on
Tanzania’s year-on-year inflation rose to 6.4 percent in
March, the statistics office said on Friday, from 5.5
percent the previous month.
Rwanda’s year-on-year inflation eased to 7.7
percent in March from 8.1 percent a month earlier, the
National Bureau of Statistics said on Monday.
Burundian opposition leader and former rebel chief Agathon
Rwasa has said he fears for his life and has asked the
government to speed up talks to end a crisis that began in
2015, when President Pierre Nkurunziza said he wanted a
The number of tourists visiting Mauritius rose 3.6 percent
in the first quarter of 2017 from a year ago, mainly due to
more visitors from Europe and Asia, the statistics bureau
said on Monday.
SOUTH SUDAN UNREST
At least 16 people were killed in the South Sudanese town of
Wau on Monday, said the United Nations, as witnesses said
ethnic militiamen went house to house searching for people
from other groups.