(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market
moves and political events may affect African markets
SOUTH AFRICA – Producer inflation data for June due.
Stocks, bonds and commodities were all on a roll in Asia on
Thursday, as bulls scented a softening in the Federal
Reserve’s confidence on inflation that promised to keep U.S.
interest rates low for longer than some had
WORLD OIL PRICES
Oil prices were sitting just below 8-week highs on Thursday,
buoyed by hopes that a steeper-than-expected decline in U.S.
crude oil inventories will reduce global
SOUTH AFRICA MARKETS
South African stocks scaled a 27-month high on Wednesday,
buoyed by further gains by bourse heavyweight Naspers
while the currency firmed to reverse a run of two
straight sessions of losses.
Nigerian stocks surged 3.4 percent on Wednesday to a
32-month high on improving sentiment after several mid-sized
listed firms announced increases in half-year earnings,
Nigeria plans to cut its oil exploration costs and move away
from reliance on crude for export revenues, according to a
national petroleum policy approved by the federal executive
council this week.
Nigeria’s upper house of parliament backed a series of
constitutional amendments on Wednesday that could weaken the
presidency and boost the legislature, the latest twist in a
two-year power struggle between the two
Nigeria’s acting president will open a $1.5 billion
fertiliser plant in the southeastern city of Port Harcourt
on Thursday, highlighting efforts by Africa’s largest
economy to boost its agriculture industry.
The Kenyan shilling was expected to weaken on
Wednesday due to increased demand from oil and retail
importers buying dollars to meet end-month obligations,
Ghana’s producer price inflation fell slightly
to 3.6 percent year-on-year in June from 3.7 percent the
month before, mainly due to lower gold prices, the
statistics office said on Wednesday.
The Ugandan shilling was stable on Wednesday,
underpinned by the central bank mopping up 329 billion
shillings ($91.39 million) in excess liquidity from the
money markets, traders said.
Barrick Gold Corp, the world’s largest gold miner
by production, reported better-than-expected quarterly
earnings on Wednesday as its mining costs fell and said it
would begin talks with the Tanzanian government next week
about an export ban.
A German military helicopter assigned to the U.N.
peacekeeping mission in Mali crashed in the West African
nation’s desert north on Wednesday, killing the two crew
members, the German military said.
One of Democratic Republic of Congo’s most notorious
warlords, Ntabo Ntaberi Sheka, wanted for alleged crimes
against humanity, surrendered to U.N. peacekeepers on
Wednesday, the U.N. mission in Congo (MONUSCO)
The United Nations named three human rights experts on
Wednesday to lead an international investigation into
killings and other crimes in the Kasai region of Democratic
Republic of Congo, a move that could set up a showdown with