(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market
moves and political events may affect African markets
– – – – –
Uganda’s central bank releases bencmark rate.
NAMIBIA – Interest rate decision expected.
SOUTH AFRICA – Retail sales data for Feb expected.
NAMIBIA – Inflation data for March due.
GHANA – Inflation data forMarch expected.
Investors ducked for cover on Wednesday as a drumbeat of
alarming geopolitical news sent the safe-haven yen and gold
to five-month highs and yields on top-rated sovereign bonds
to their lowest for the year so far.
WORLD OIL PRICES
Oil prices rose on Wednesday, putting crude futures on track
for their longest streak of gains since August 2016, as
Saudi Arabia was reported to be lobbying OPEC and other
producers to extend a production cut beyond the first half
SOUTH AFRICA MARKETS
South Africa’s rand gained ground on Tuesday, spurred by a
globally hobbled dollar and a decision by South Africa’s top
court to consider whether a motion of no confidence against
President Jacob Zuma should be taken by secret
Nigeria’s naira eased 1.2 percent against the dollar on the
black market on Tuesday despite the central bank’s attempt
to improve dollar supply and prop up the local
The use of children as suicide bombers by the insurgents of
Boko Haram has surged in 2017, the United Nations Children’s
Fund (UNICEF) said on Wednesday.
Royal Dutch Shell was aware that some of the
payments it made to Nigeria for rights to an oilfield under
a 2011 deal would go to a company associated with former
Nigerian oil minister and convicted money launderer Dan
Etete, it said in a statement to Reuters.
The Kenyan shilling inched up on Tuesday due to lower
demand for dollars by oil importers and hard currency
inflows from non-governmental organisations, traders
The World Bank cut Kenya’s economic growth forecast for this
year by half a percentage point on Wednesday to 5.5 percent,
citing drought, sluggish private sector credit growth and
rising prices of oil.
Ghana plans to introduce hand pollination of cocoa seedlings
and will begin irrigating farms as part of plans by the
world’s second largest grower to boost production to 1
million tonnes by 2020, the government said on
The Ugandan shilling was stable on Thursday amid
subdued appetite for dollars from merchandise
A Ugandan minister was charged with corruption offences on
Tuesday after he was arrested for allegedly taking a bribe
from a hotel owner to help clear him of sexual harassment
Mali’s President Ibrahim Boubacar Keita announced a new
government on Tuesday stocked with loyalists seen as helping
him prepare for a re-election bid next year.
Senegalese police said on Tuesday that they had arrested
three suspected foreign jihadists in the capital Dakar, the
second such series of arrests this year.
Zambian opposition leader Hakainde Hichilema has been
detained and questioned by police for committing treason,
his lawyer said on Tuesday.
IVORY COAST INFLATION
Consumer price inflation in Ivory Coast, the world’s top
cocoa producer, fell to 0.4 percent year-on-year in March
from 1.5 percent in February, data from the National
Statistics Institute showed on Tuesday.
Uncertainty over government policies and a slowdown in the
private sector cut Tanzania’s gross domestic product growth
to an estimated 6.9 percent in 2016 from 7.2 percent the
previous year, the World Bank said on Tuesday.
Somali forces who have surrounded pirates holding hostages
taken from an Indian ship secured the surrender of 10
members of the band on Tuesday and enlisted the parents of
the other three to persuade them to give up, officials
SOUTH SUDAN UNREST
South Sudanese authorities imposed a curfew across the whole
northwestern state of Wau on Tuesday, the deputy governor
said, a day after at least 16 civilians died in clashes in
its main town.
South Africa – Manufacturing production at -3.6% yy in Feb (prev 0.4% rev).
Tanzania – Inflation in March at 6.4% yy (prev 5.5%).