#Africa #Markets – Factors to watch on Aug. 7

(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market
moves and political events may affect African markets
on Monday.

———-//

SOUTH AFRICA – Gross gold & FX reserves data for July due.
[Macroafricaintel forecast: $47.5bn (prev $47.4bn)]

TANZANIA – Inflation data for July expected.

——-//

GLOBAL MARKETS
Asian stocks advanced on Monday, taking their cue from Wall
Street, while the dollar moderated but retained most gains
made on stronger-than-expected July jobs growth and the
promise of a U.S. tax plan that will repatriate corporate
profits.

WORLD OIL PRICES
Oil prices held near nine-week highs on Monday, buoyed by
robust U.S. jobs data last week and a slight fall in U.S.
drilling, although rising output from OPEC capped
gains.

SOUTH AFRICA MARKETS
South Africa’s rand fell to a new three-week low against the
dollar on Friday as strong U.S. jobs data coupled with local
economic and political risks dented investors’ appetite for
the currency.

NIGERIA SECURITY
Gunmen killed 11 people and wounded 18 others in a church in
southeastern Nigeria on Sunday in an attack arising from a
feud between members of the local community, officials
said.

CAMEROON-NIGERIA/SECURITY
A suicide bomber has killed at least seven people in a small
town in northern Cameroon near the Nigeria border, a local
official and a military source said on Sunday.

KENYA ELECTION
Two foreign advisers to Kenyan opposition leader Raila
Odinga, who were expelled from the country days before
Tuesday’s election, said they had been seized from their
homes by plainclothes policemen who also confiscated their
computers.

UGANDA-TANZANIA/OIL
The leaders of Tanzania and Uganda laid a foundation stone
on Saturday for the construction of a $3.55 billion-crude
export pipeline that would pump Ugandan oil for
international markets.

MAURITIUS INFLATION
Mauritius’ inflation fell to 5.3 percent
year-on-year in July from 6.4 percent in June, the
statistics office said on Monday.

MAURITANIA POLITICS
Mauritania has voted in favor of a referendum to abolish the
senate and change the national flag in what the West African
county’s opposition says is just a bid by President Mohamed
Ould Abdel Aziz to bolster power and extend his
mandate.

CONGO SECURITY
More than 50 people have been killed in clashes between
ethnic groups in eastern Democratic Republic of Congo, three
local aid workers said on Sunday, the largest death toll in
fighting between the two groups for months.

ZIMBABWE POLITICS
Zimbabwe’s main opposition leader Morgan Tsvangirai on
Saturday reunited with his former allies to agree a
pre-election pact to challenge President Robert Mugabe’s
near four-decade hold on power at the polls next
year.

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