#Africa #Markets – Factors to watch on Aug 21

NAIROBI, Aug 21 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.

GLOBAL MARKETS
Asian shares were fragile on Monday as investors remained unconvinced about U.S. President Donald Trump’s ability to fulfil his economic agenda, even as the departure of his controversial policy strategist raised hopes of some progress.

WORLD OIL PRICES
Oil markets were stable on Monday, largely holding on to Friday’s big gains even though rising U.S. output weighed on hopes the market will tighten after a 13 percent fall in U.S. crude inventories since March.

SOUTH AFRICA MARKETS
South Africa’s rand clung to recent gains on Friday in subdued trade, drifting toward technical landmarks as an attractive carry trade kept offshore investors interested.

SOUTH AFRICA POLITICS
A South African deputy minister who is charged with allegedly assaulting a woman in a nightclub has resigned, the president’s office said on Saturday.

NIGERIA POLITICS
Nigerian President Muhammadu Buhari returned home on Saturday from three months of medical leave in Britain where he received treatment for an unspecified ailment.

KENYA POLITICS
Kenya’s opposition coalition went to the Supreme Court late on Friday to challenge the results of a presidential election which it says was rigged.

SIERRA LEONE MUDSLIDE
Rescue workers have unearthed 499 dead bodies since last week’s devastating landslide near the Sierra Leone capital Freetown, the city’s chief coroner told Reuters on Sunday.

ZIMBABWE POLITICS
Zimbabwe’s first lady Grace Mugabe returned home from South Africa early on Sunday, state media reported, pursued by demands she face prosecution over an alleged assault of a 20-year-old model in an upmarket Johannesburg hotel room.

ANGOLA POLITICS
The presidential candidate of Angola’s ruling MPLA party, Joao Lourenco, closed his electoral campaign on Saturday, telling his supporters that no other party could guarantee the stability of the country.

CONGO ECONOMY
The Democratic Republic of Congo balanced its budget in all but two months between January and July without reverting to old habits of printing money to pay bills, its finance minister said on Saturday.

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