#Africa #Markets – Factors to watch on Aug 9

(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market
moves and political events may affect African markets
on Wednesday.
– – – – –
EVENTS:
*Tanzania releases consumer inflation data for July

——-//

GHANA – Inflation data for July expected.

——-//

GLOBAL MARKETS
Asian shares and U.S. stock futures slipped on Wednesday and
investors piled into havens such as U.S. Treasuries, gold
and the yen as tensions on the Korean peninsula escalated,
with Pyongyang saying it is considering plans to attack
Guam.

WORLD OIL PRICES
Crude futures fell for a third day on Wednesday despite a
bigger than expected fall in U.S. oil inventories reported
by an industry group, with doubts lingering over OPEC’s
ability to restrain supply as promised.

SOUTH AFRICA MARKETS
South Africa’s rand weakened nearly 1.5 percent on Tuesday
evening after President Jacob Zuma survived a no-confidence
vote in parliament by secret ballot with markets reacting
almost immediately and sending the unit near a one-month
low.

NIGERIA MARKETS
Nigerian stocks hit a 33-month high on Tuesday as foreign
investors bought shares following improved liquidity on the
currency market and a strong half-year performance by listed
companies.

NIGERIA SECURITY
Boko Haram militants killed at least 30 fishermen in raids
on communities around Lake Chad in northeastern Nigeria, the
governor of Borno state, residents and military sources said
on Tuesday.

NIGERIA BANKS
Nigeria said on Tuesday it planned to withdraw its case
against seven local banks over what it says is $793 million
due to the state, and that it was seeking an out-of-court
settlement instead.

KENYA ELECTIONS
Kenyan opposition leader Raila Odinga rejected early results
of a presidential election on Wednesday that showed he was
losing to incumbent and long-time rival Uhuru Kenyatta,
stoking fears that his disgruntled supporters could take to
the streets.

UGANDA MARKETS
The Ugandan shilling was unchanged on Tuesday as
election-related uncertainty in neighbouring Kenya led some
importers to assume a wait-and-see stance, limiting demand
for the dollar.

TANZANIA TELECOMS
Vodacom Tanzania, a unit of South Africa’s Vodacom Group,
has sold all the 560 million shares on offer in
its stock market flotation, with 40 percent bought by
international investors, the company said on
Tuesday.

IVORY COAST COCOA
Cocoa arrivals at ports in top grower Ivory Coast had
reached around 1.914 million tonnes by August 6 since the
start of the season on Oct. 1, exporters estimated on
Tuesday, up from 1.44 million tonnes in the same period last
season.

NAMIBIA RESERVES
Namibia’s stock of foreign reserves increased to an all-time
high of 28.5 billion Namibian dollars ($2.17 billion) at the
end of June from N$25.4 billion the previous month, official
data showed on Tuesday.

SOUTH SUDAN WAR
About 120 Rwandan peacekeepers have arrived in South Sudan,
United Nations said on Tuesday, the first detachment of
4,000 extra troops approved by the U.N. last year to help
protect the capital of Africa’s newest country.

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