#Africa #Markets – Factors to watch on July 14

NAIROBI, July 14 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Friday.

——–//

BOTSWANA – Inflation data for June expected.

——-//

GLOBAL MARKETS
Global stocks scaled record highs on Friday, with Asian
equities rising for the fifth straight session, as signs the
Federal Reserve will pursue a gradual rate tightening path
and hopes of a strong earnings season lifted appetite for
risk assets.

WORLD OIL PRICES
Oil markets dipped on Friday, pulled down by high fuel
inventories and improving industry efficiency, but were still
on track for a solid weekly gain.

SOUTH AFRICA MARKETS
South Africa’s rand weakened on Thursday, retreating from a
one-week high as a plan by the finance minister to pull the
economy out of recession and positive mining data were
overshadowed by a resurgence of dollar demand.

SOUTH AFRICA POLITICS
South Africa’s anti-graft watchdog wants President Jacob Zuma
to comply with an order by her predecessor and appoint a
judge to investigate influence-peddling allegations in his
government, court filings showed on Thursday.

SOUTH AFRICA ECONOMY
South Africa’s finance minister laid out an ambitious
14-point programme on Thursday to wrench the economy out of
recession that included the sale of non-core assets and
partial privatisation of state-owned firms.

NIGERIA ECONOMY
Nigeria will continue to borrow to fund its budget for 2017,
the finance ministry said in a statement on Thursday, after
the finance minister said on Tuesday Africa’s largest economy
“cannot borrow anymore”.

KENYA POLITICS
A senior Kenyan government official was taken hostage with
five other people by suspected Islamist militants who
attacked the vehicle they were travelling in on Thursday, a
military spokesman said.

ZIMBABWE ECONOMY
Zimbabwe collected $1.8 billion in taxes during the first six
months of this year, exceeding its target by 8 percent, while
its full-year forecast has been revised up on better economic
growth prospects, the tax agency said on Thursday.

MOZAMBIQUE ECONOMY
The outlook for a restructuring of $2 billion of
controversial borrowing by Mozambique state firms will be
better next year as the southern African country receives
more earnings from its energy resources, a senior Mozambican
diplomat said.

SOUTH SUDAN POLITICS
South Sudan’s President Salva Kiir has sacked several judges
who had been on strike over poor pay and living conditions
for the last two months, officials said on Thursday.

CAMEROON VIOLENCE
Two suicide bombers killed at least 12 people and wounded
over 40 others in a small town in northern Cameroon near the
Nigerian border late on Wednesday, a senior army source and a
local official told Reuters.

BOTSWANA POLITICS
Botswana will host the Dalai Lama, Tibet’s spiritual leader,
next month, officials said on Thursday, risking a backlash
from China, a major investor in the African country’s
economy.

——–//

South Africa – Mining production in May at 3.6% yy (prev 1.6% rev).

Namibia – Inflation in June at 6.1% yy (prev 6.3%).

——-//

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.