#Africa #Markets – Factors to watch on Aug 15

NAIROBI, Aug 15 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.
– – – – –
GLOBAL MARKETS
Asian shares rallied and the dollar firmed on Tuesday after
North Korea’s leader signalled that he would delay plans to
fire a missile near Guam, easing tensions and prompting
investors to move back into beaten-down riskier
assets.

WORLD OIL PRICES
Oil prices steadied in early Asian trade on Tuesday after
sharp falls the session before to the lowest in about three
weeks as a stronger U.S. dollar and a drop in Chinese
refining runs hit the market.

SOUTH AFRICA MARKETS
South Africa’s rand firmed on Monday, buoyed by Moody’s
decision to delay ratings decision on the sovereign that was
scheduled for last Friday.

NIGERIA BANK
Nigeria’s Zenith Bank has made a provision on 30 percent of
its loan to 9mobile, the country’s fourth largest telecoms
group formerly known as Etisalat Nigeria, the bank’s chief
executive said on Monday.

KENYA MARKETS
Kenya’s main stock index rose 2.51 percent on Monday to a
14-month high, building on gains last week as investors
welcomed the re-election of President Uhuru
Kenyatta. The shilling gained slight ground.

KENYA POLITICS
Kenyans largely ignored an opposition call to strike on
Monday, opening shops and returning to work as they shrugged
off demands for demonstrations against President Uhuru
Kenyatta’s re-election and against the killing of
protesters.

GHANA BANKING
Ghana’s central bank has revoked the licenses of two banks
and transferred their deposits and selected assets to
state-owned GCB Bank in order to protect financial
stability.

ZAMBIA MINING
Glencore’s Zambian copper mining unit said on
Monday it had suspended all operations at its two mines
there due to restricted power supply.

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