(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market
moves and political events may affect African markets
SOUTH AFRICA – Consumer inflation data for May expected.
A renewed slump in oil prices to seven-month lows put Asian
investors on edge on Wednesday, overshadowing a decision by
U.S. index provider MSCI to add mainland Chinese stocks to
one of its popular benchmarks.
WORLD OIL PRICES
Oil prices dipped on Wednesday, trading around multi-month
lows as investors discounted evidence of strong compliance
by OPEC and non-OPEC oil producers with a deal to cut global
SOUTH AFRICA MARKETS
South Africa’s rand extended its losses against the dollar
on Tuesday as jittery investors sold the currency after a
recommendation by the anti-graft watchdog to remove the
central bank’s mandate of maintaining currency and price
NIGERIA-GLOBAL CYBER FRAUD
A Nigerian man on Tuesday pleaded guilty to taking part in
email scams attempting to defraud thousands of victims
around the world out of millions of dollars, U.S.
Suspected Boko Haram militants killed two people and wounded
six others in an ambush on a police convoy in northeast
Nigeria’s Borno state on Tuesday, a police spokesman
Shell is considering whether to invest in a gas
project in Nigeria’s southern Niger Delta energy hub, the
managing director of the local unit said on
The Kenyan shilling was seen weakening on Tuesday due
to increased dollar demand from oil companies and
manufacturers and lack of inflows from the agriculture
sector and charities, traders said.
Kenya’s capital markets regulator said on Tuesday that it
had not received any notification about a proposed
acquisition by KCB Group of a stake in National Bank
The Ugandan shilling was unchanged against the dollar
on Tuesday with some inflows from exporters of commodities
like coffee and subdued demand from commercial banks seen
giving it support.
CENTRAL AFRICAN REPUBLIC FIGHTING
Around 50 people were killed on Tuesday in the Central
African Republic town of Bria when fighting erupted between
rival armed factions despite the signing a day earlier of a
peace deal aimed at ending years of bloodshed, the town’s
Zambia approved a new law allowing more mobile phone voice
service providers in Africa’s second-largest copper producer
to boost competition, its communications minister said on
Ethiopian Airlines has placed an order for 10 Airbus
A350-900 aeroplanes, it said on Tuesday, in addition to at
least another 10 it already has on order.
At least 10 people were killed on Tuesday in a car bomb
attack on a government building in the Somali capital of
Mogadishu that was claimed by Islamist insurgents, a
government official said.
The government-backed Bana Mura militia in Congo has
committed horrific crimes in ethnically-motivated attacks in
the past few months, including cutting off toddlers’ limbs
and slicing open pregnant women, the U.N. human rights chief
said on Tuesday.
A change of tone in Angola’s relationship with longtime ally
Congo has left Congolese President Joseph Kabila more
isolated than ever as he clings to power in his vast central
The U.S. Trade Representative said on Tuesday it was
reviewing trade benefits to Rwanda, Tanzania and Uganda
under the African Growth and Opportunity Act (AGOA) after a
complaint by U.S. interests about an East African ban on
imports of used clothing.
Botswana – Central bank holds benchmark lending rate at 5.5%.
South Africa – Current account deficit in Q1-2017 at 2.1%
of GDP (Q4-2016: 1.7%).