#Africa #Markets – Factors to watch on April 19

NAIROBI, April 19 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Wednesday.

——//

SOUTH AFRICA – Consumer inflation data for March expected.

——//

GLOBAL MARKETS
Sterling stole centre stage in Asia on Wednesday amid
speculation Britain’s surprise decision to call a snap
election could ultimately deliver a more market-friendly
outcome in its divorce from the European
Union.

WORLD OIL PRICES
Oil prices dipped on Wednesday as bloated U.S. supplies
weighed on markets while a fall in Saudi crude exports was
offset by rising production in the country.

SOUTH AFRICA MARKETS
South African stocks slid on Tuesday, dragged down by
resources companies, while the rand firmed slightly amid
lingering political uncertainty.

SOUTH AFRICA TELECOM
South Africa’s competition regulator has decided against
pursuing a complaint of unfair pricing lodged against mobile
phone giants MTN Group and Vodacom by smaller
unlisted rival Cell C.

SOUTH AFRICA MINING
South African miner Sibanye Gold plans to tap
shareholders for about $1 billion to partly fund a takeover
of U.S.-based Stillwater Mining Co, it said on
Tuesday, a day after the deal secured a U.S. regulatory
approval.

NIGERIA FINANCE
The Nigerian central bank cut the amount of paperwork small
and medium-size businesses must provide to buy dollars on
Tuesday, to improve liquidity and the ease of doing business
and help narrow the gap between official and black market
exchange rates.

NIGERIA BANKS
Ecobank, which operates in nearly 40 African countries, said
on Tuesday a recession in Nigeria and a strong U.S. dollar
led to a loss for 2016, sending its shares 5 percent
lower.

NIGERIA TRANSPORT
Nigeria reopened the capital’s airport in Abuja on Tuesday,
officials said, following a six-week closure for runway
repairs that disrupted international air traffic to the
country.

ZAMBIA POLITICS
Zambia opposition leader Hakainde Hichilema, arrested last
week on suspicion of treason, was charged in a magistrate’s
court on Tuesday with trying to overthrow the
government.

ZIMBABWE MINING
Zimbabwe’s mining industry needs to be “reorganised” so that
it contributes more towards the African country’s economy,
President Robert Mugabe said on Tuesday.

SOUTH SUDAN CONFLICT
A hundred unarmed South Sudanese refugees in east Congo took
13 United Nations mission staff hostage on Tuesday,
demanding to be moved to a third country before later
releasing them unharmed.

ETHIOPIA UNREST
A total of 669 people were killed in unrest that gripped
Ethiopia for several months until authorities imposed a
state of emergency last October, according to an
investigation report presented to parliament on
Tuesday.

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