(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market moves and
political events may affect African markets on Monday.
– – – – –
TANZANIA – A report into an investigation ordered on the
mining sector will be released in the course of the day.
NAMIBIA – Inflation data for May due.
Asian stocks fell on Monday, with electronics heavyweights
such as Samsung Electronics knocked lower by a slide in U.S.
tech shares and caution ahead of this week’s U.S. Federal
Reserve policy meeting.
WORLD OIL PRICES
Oil prices rose on Monday as futures traders bet the market
may have bottomed after a recent steep fall, even as
physical markets remain bloated by oversupply, especially
from a relentless rise in U.S. drilling.
SOUTH AFRICA MARKETS
South Africa’s rand firmed on Friday as continued demand for
high-yield emerging market assets kept the currency on the
front foot ahead of a credit ratings decision by Moody’s.
Nigeria plans to sell 1.24 trillion naira ($4.1 billion)
worth of treasury bills from June 15 to August 31, a central
bank debt calendar for the third quarter showed on Friday.
The Kenyan shilling was largely stable against the
dollar on Friday, propped by hard currency inflows from
exports of horticulture products.
Kenya will sell a 15-year Treasury bond worth 30
billion shillings ($290.7 million) this month, the central
bank said on Friday.
The International Monetary Fund (IMF) may grant Zambia up to
$1.3 billion in a three-year credit facility to help plug a
budget deficit of around 7 percent, the lender’s mission
chief said on Saturday.
Tanzania’s government signed a $154 million contract on
Saturday with the state-run China Harbour Engineering
Company (CHEC) to expand the main port in the commercial
capital, Dar es Salaam.
Mozambique annual consumer inflation eased to 20.45 percent
in May from 21.27 percent in April, official data showed on
Foreign direct investment in Mauritius fell 32 percent
year-on-year in the first quarter of 2017, to 2.04 billion
rupees ($59 million), due to a drop in funds going into real
estate and manufacturing, data from the Bank of Mauritius
showed on Friday.