(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market
moves and political events may affect African markets
SOUTH AFRICA – Current account data for Q1 due.
Japan’s Nikkei rose more than 1 percent to a near
two-year high on Tuesday, encouraged by rebound in U.S.
hi-tech shares as investors bet on solid growth in the
economy and corporate profits
WORLD OIL PRICES
Oil markets held around seven-month lows on Tuesday as
investors focused on persistent signs of rising supply that
are undermining attempts by OPEC and other producers to
SOUTH AFRICA MARKETS
South Africa’s rand fell more than 1.5 percent on
Monday after the Public Protector, an anti-graft agency,
recommended constitutional changes to make the central bank
promote economic growth rather than currency and price
Nigeria’s central bank sold $195 million on the foreign
exchange market on Monday as part of its effort to improve
dollar liquidity and reduce pressure on the local currency,
the naira, a bank spokesman said in a statement.
Nigeria seeks to improve its collection of revenues from
taxes and customs duties to fund the country’s record 7.44
trillion-naira ($22.99 billion) 2017 budget, the minister of
budget and national planning said on Monday.
The Kenyan shilling was seen easing further against
the dollar on Monday due to demand from oil importers and
manufacturers, dwindling inflows from flower exporters and
barring central bank selling dollars, traders
Ghana’s main 2016-17 cocoa crop hit a six-year high of
882,175 tonnes, up 12 percent from the last main crop and
above official forecasts, according to a provisional tally
from industry regulator Cocobod on Monday.
The Ugandan shilling was unchanged on Monday despite
the central bank cutting its benchmark interest rate by 100
basis points to 10 percent, but traders said the move could
gradually undermine it.
Uganda’s central bank cut its key lending rate
to 10 percent from 11 percent on Monday, saying a stable
shilling currency and subdued domestic demand had helped
ease core inflationary pressures.
The International Monetary Fund’s Executive Board approved
$224.8 million in additional credit for Ivory Coast under an
existing lending framework, it said in a statement on
IVORY COAST COCOA
Heavy rains and scant sunlight last week in most of Ivory
Coast’s main cocoa regions led to flooding and soggy beans,
harming the quality of the mid-crop, farmers said on
SOUTH SUDAN WAR
South Sudan’s civil war has mutated from a two-way fight
between the president and his ousted former deputy to a
fragmented conflict, making it harder to put it back
together and peace more elusive, the top U.N. peacekeeper in
the country said.
CENTRAL AFRICAN REPUBLIC ACCORD
The government of the Central African Republic and 13 of the
14 armed groups in the country on Monday signed an accord
aimed at ending an ethic and religious conflict that has
killed thousands of people.
Democratic Republic of Congo’s justice minister said on
Monday that his government would not admit an independent
investigation into violence in its Kasai region which has
been called for by a top U.N. human rights
Democratic Republic of Congo’s central bank said on Monday
that it expects gross domestic product (GDP) growth of 3.1
percent this year, down from an earlier government forecast
of 3.5 percent but an improvement on last year’s 2.4 percent
Mozambique’s central bank kept its benchmark lending rate
unchanged at 22.75 percent, it said on Monday.
A Somali soldier was sentenced to death on Monday for
killing a government minister after mistaking him for an
Islamist militant, an army officer said.
Air Mauritius said on Monday pretax profit rose 66
percent to 27.63 million euros ($30.95 million) in the full
year to the end of March, helped by higher passenger
numbers, stable fuel prices and a favourable exchange
Angola’s inflation slowed to 32.58 percent year-on-year in
May from 34.8 percent in April, according to data on the
national statistics agency’s website seen by Reuters on