(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market
moves and political events may affect African markets
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Japanese and South Korean shares headed lower while the won
came under pressure on Friday, hurt by rising geopolitical
tensions in the Korean peninsular in otherwise
WORLD OIL PRICES
Oil prices were little changed in modest volume on Thursday,
during a week in which crude benchmarks recouped more of
March’s losses on increased hopes world supply and demand
were nearing balance.
SOUTH AFRICA MARKETS
South Africa’s rand firmed slightly on Thursday after new
Finance Minister Malusi Gigaba pledged to work to keep the
country from a third credit downgrade to junk
NIGERIA CENTRAL BANK
Nigeria’s central bank has increased the limit on banks’
foreign currency borrowings to 125 percent of shareholders’
fund after some lenders breached its regulatory limit due to
the recent fall in the naira, according to a circular seen
Annual inflation in Nigeria fell for a second straight month
in March, showing the early effects of central bank
intervention on the currency market to meet demand for
dollars, the statistics office said on Thursday.
Nigeria’s military said on Thursday that it had destroyed 13
illegal refineries in the restive Niger Delta oil hub, in an
operation in which two soldiers died in clashes with “sea
Nigeria’s government is in talks to release the remaining
captive Chibok girls, the president said on Thursday, a day
before the third anniversary of the kidnapping of 276
schoolgirls by Islamist insurgency Boko Haram.
The Kenyan shilling was steady against the dollar on
Thursday due to weak demand from oil importers ahead of
Easter holidays, traders said.
Ghana’s economy growth is due to pick up in 2017 and
inflation is coming down, but the government’s revenue
projections for the year are “optimistic”, International
Monetary Fund mission chief Annalisa Fedelino said on
The Ugandan shilling was unchanged on Thursday amid
subdued appetite for hard currency by importers and
commercial banks ahead of the Easter holiday.
Lawyers for a Ugandan academic, detained after she called
the nation’s president “a pair of buttocks” on Facebook,
said on Thursday that she fears authorities are trying to
have her declared insane.
Crop-eating caterpillars known as fall armyworms have
damaged crops across southern Ethiopia, the latest country
to be struck by the pests in a region already struggling
with widespread drought and hunger, authorities said on
More than 25,000 people in famine-threatened Somalia have
been struck by cholera or acute watery diarrhoea and the
deadly epidemic should double by this summer, the World
Health Organisation (WHO) said on Thursday.
Zambian police denied on Thursday that opposition leader
Hakainde Hichilema had been refusedaccess to his lawyers and
family since his arrest this week but his attorney insisted
this was the case in an intensifying political
Prime Minister Carlos Agostinho do Rosario has said
Mozambique will only honour debt that “has been used for
purposes that are in the public interest”, the state-run AIM
news agency said on Thursday.
President Hage Geingob has said Namibia will make it
mandatory for white-owned businesses to sell a 25 percent
stake to blacks, calling the country one of the most unequal
in the world.
Botswana’s consumer inflation inched up to 3.5 percent
year-on-year in March from 3.4 percent in February, data
from the statistics office showed on Thursday.
Zimbabwe’s consumer prices rose by 0.21 percent year-on-year
in March from a 0.06 percent increase in February, data from
the national statistics agency showed on
Angola’s central bank kept its benchmark lending rate
unchanged at 16 percent after a policy meeting on March 31,
a statement posted on Thursday on its website
CENTRAL AFRICAN REPUBLIC
Violence against civilians in Central African Republic
(CAR), including summary executions and mutilations, is
reaching levels not seen since the height of its years-long
conflict, Medecins Sans Frontieres (MSF) has
South Africa – Mining production in Feb at 4.6% yy (prev 1.4% rev).
Nigeria – Inflation in March at 17.3% yy (prev 17.8%).