NAIROBI, July 12 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
NAMIBIA – Inflation data for June expected.
GHANA – Inflation data for June due.
Asian shares gained on Wednesday after Wall Street managed to
weather a fresh twist in the controversy over U.S. President
Donald Trump’s alleged connection with Russia, while
investors looked ahead to Federal Reserve Chair Janet
WORLD OIL PRICES
Oil prices rose more than 1.5 percent on Wednesday, extending
gains from the previous day as the U.S. government cut its
crude production outlook for next year and as fuel
SOUTH AFRICA MARKETS
South Africa’s rand weakened on Tuesday, following in the
footsteps of its emerging markets peers on looming threats
about tighter global monetary conditions.
SOUTH AFRICA CENTRAL BANK
The South African Reserve Bank (SARB) said on Tuesday it is
proceeding with its legal challenge to the Public Protector’s
findings over an apartheid-era bailout of a bank subsequently
bought by Absa, now a unit of Barclays Africa Group.
SOUTH AFRICA INDUSTRY
South Africa’s manufacturing output fell 0.8 percent
year-on-year in May, contracting less than expected, after
falling by 4.2 percent in April, Statistics South Africa said
Nigeria must not borrow more to fund its budget and should
instead raise money it needs by other means, the country’s
finance minister said on Tuesday, calling into question
planned foreign loans of $2 billion from lenders like the
Nigerian Vice President Yemi Osinbajo was in London on
Tuesday, spending an hour at the country’s High Commission
where President Muhammadu Buhari has spent much of the past
two months on medical leave.
Zambia’s parliament voted on Tuesday to extend the state of
emergency by three months, the presidency office said, as
tensions rose following the arrest of the main opposition
The United States on Tuesday postponed for three months a
decision on whether to permanently lift sanctions on Sudan
over its human rights record and other issues, the U.S. State
The United States on Tuesday threatened to impose further
targeted unilateral sanctions on anyone who hinders
Democratic Republic of Congo’s already delayed preparations
for an election to replace President Joseph Kabila.
An International Monetary Fund (IMF) delegation landed in
Mozambique on Tuesday to follow up on a damning external
audit of $2 billion of controversial borrowing by companies
controlled by the southern African nation’s intelligence
Nigeria’s Dangote Cement plans to invest about $4
billion in the next two to three years to nearly double its
production capacity in Africa, a senior executive told
Reuters on Tuesday.
South Africa – Manufacturing production in May at -0.8% yy
(prev -4.2% rev).