#Africa #Markets – Factors to watch on July 13

NAIROBI, July 13 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Thursday.

———-//

SOUTH AFRICA – Mining production data for May due.

——–//

GLOBAL MARKETS
Asian shares scaled a two-year top on Thursday as investors
wagered policy tightening in the United States would be
glacial at best, lifting Wall Street to record peaks and
lowering bond yields almost everywhere.

WORLD OIL PRICES
Oil prices were stable on Thursday as strong demand from
China eased concerns of an ongoing fuel glut.

SOUTH AFRICA MARKETS
South Africa’s rand and bonds raced to their firmest levels
in a week on Wednesday as investors cashed in on the dollar’s
recent rally and saw an improved outlook for the economy
despite recession and political uncertainty.

SOUTH AFRICA POLITICS
South African Deputy President Cyril Ramaphosa on Wednesday
criticised the corruption that has damaged the ruling party
under President Jacob Zuma, opening a divide in the African
National Congress months ahead of a leadership contest.

NIGERIA POLITICS
Nigerian President Muhammadu Buhari is recuperating fast and
will return home shortly, his deputy said on Wednesday after
visiting the head of state in London where he has been on
prolonged sick leave.

NIGERIA OIL
Nigeria supports OPEC’s efforts to stabilize oil prices, but
it wants to wait before deciding whether join the cartel’s
cuts in oil production, its oil minister said on Wednesday.

KENYA POLITICS
Six Kenyan police officers were killed and two wounded when
their convoy was attacked by gunmen in central Kenya where
drought and scarce grazing land is fuelling violence.

ZAMBIA POLITICS
Zambian President Edgar Lungu may revoke emergency powers
before they expire in 90 days if there is an end to the “acts
of sabotage” they were meant to quell, his spokesman said on
Wednesday.

GHANA ECONOMY
Ghana’s annual consumer price inflation fell to 12.1 percent
in June from 12.6 percent the previous month, driven lower by
falling food and petroleum prices, the statistics office said
on Wednesday.

ZIMBABWE POLITICS
Zimbabwean police on Wednesday sprayed tear gas and fired
water cannon at opposition Movement for Democratic Change
(MDC) supporters protesting against what they see as the slow
pace of electoral reforms ahead of next year’s presidential
vote.

ZIMBABWE ECONOMY
Zimbabwe’s central bank wants to issue more “bond notes”
beyond its stated limit of $200 million, its governor said on
Wednesday, in comments likely to stoke fears the country is
returning to the era of money printing and hyperinflation.

CONGO POLITICS
The United Nations has identified an additional 38 probable
mass graves in Democratic Republic of Congo’s central Kasai
region, it said on Wednesday, bringing the total to at least
80 since the outbreak of an insurrection last August.

CONGO DAM
Democratic Republic of Congo has decided to more than double
the size of its planned Inga 3 hydroelectric plant to make it
more economical, after the $14 billion project was hit by
financing problems.

MALI POLITICS
Tuareg separatists have seized a town in Mali’s desert north
from a pro-government ethnic Tuareg militia after days of
fighting, the separatists and a local legislator close to the
government side said on Wednesday.

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