#Africa #Markets – Factors to watch on April 17

NAIROBI, April 17 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Monday.
– – – – –
GLOBAL MARKETS
Shares and the U.S. dollar dipped on Monday while U.S. bond
yields slumped to five-month lows after soft U.S. economic
data hurt investor sentiment already frayed by worries over
North Korea and coming French
elections.

WORLD OIL PRICES
Crude oil fell in quiet trading on Monday, after the
three-day Easter break, on signs the United States is
continuing to add output, undermining OPEC efforts to
support prices, and as the market digested North Korea’s
failed missile launch on Sunday.

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
status.

SOUTH AFRICA ECONOMY
South Africa’s new finance minister pledged on Thursday to
do what he can to keep the country from a third credit
downgrade to junk status, saying he would meet ratings firm
Moody’s to persuade it he will stay on the path of fiscal
discipline.

NIGERIA SECURITY
The United Nations’ World Food Programme could in a few
weeks run out of funding to feed millions living on the
brink of famine in Nigeria, four people familiar with the
matter said, intensifying one of the world’s largest
humanitarian crises.

SENEGAL DEBT
Senegal will issue a Eurobond this month in order to finance
a series of infrastructure and power production projects
that it hopes will push economic growth above 7 percent from
next year, Finance Minister Amadou Ba said on
Friday.

SOUTH SUDAN CONFLICT
At least 14 people were killed in the South Sudanese town of
Raga when fighting erupted between government forces and the
main rebel group, a rebel spokesman said on Saturday, within
a week of violence in neighbouring Wau state that killed
16.

SOMALIA CONFLICT
Two men were killed in the Somali capital after they were
spotted firing mortars that appeared to be aimed at the
international airport on Sunday, police and officials
said.

NAMIBIA ECONOMY
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.

ZAMBIA POLITICS
Zambian President Edgar Lungu will not intervene in the
treason case against opposition leader Hakainde Hichilema,
he told a public rally late on Friday.

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