(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market
moves and political events may affect African markets
– – – – –
*Kenya Supreme Court to rule on election case
Asian equities followed Wall Street’s gains overnight and
edged higher on Friday while the dollar’s advance slowed
ahead of the U.S. jobs report due later in the
WORLD OIL PRICES
U.S. crude futures fell in Asian trading on Friday, partly
reversing sharp gains from the previous session, amid
ongoing turmoil in the oil industry with nearly a quarter of
U.S. refining capacity offline.
SOUTH AFRICA MARKETS
South Africa’s rand was slightly weaker on Thursday,
reversing some earlier losses against a buoyant dollar as
domestic trade figures showed another surplus and producer
Britain is considering a request to sell military equipment
to Nigeria to help it fight Boko Haram Islamist militants,
Foreign Secretary Boris Johnson said on
Nigeria’s foreign exchange reserves stood at a two and a
half-year high of $31.59 billion as of Aug. 18, central bank
data showed on Thursday.
Cholera has broken out in northeast Nigeria at a camp for
people displaced by the eight year conflict with Boko Haram,
aid group Médecins Sans Frontières said on Thursday,
bringing disease to communities already underfed and living
The Kenyan shilling rose to a five month high against
the dollar on Thursday driven by hard currency inflows from
investors abroad into the local debt and equity markets,
Three civilians were killed after their vehicle ran over a
landmine on a road near Kenya’s border with Somalia, a
government official said, in the fifth such incident in the
area in three months.
Kenya’s ruling Jubilee party plans to use its majority in
both houses of parliament to push for austerity in
government and fund infrastructure projects like railways, a
top party official said on Thursday.
The Ugandan shilling was stuck in the same position
on Thursday as demand for hard currency slowed ahead of a
long weekend that starts on Friday, which will be a Muslim
holiday in Uganda.
Uganda’s year-on-year inflation edged down to
5.2 percent in August from 5.7 percent the previous month,
pushed lower by a slowdown in food prices, the statistics
office said on Thursday.
Tanzania Portland Cement Company (TPCC), majority
owned by Germany’s Heidelbergcement, on Thursday
posted a 45.6 percent drop in first-half profit after an
output glut in east Africa’s second-biggest economy forced
down cement prices.
Zambia faces violence if a national dialogue brokered by the
Commonwealth between the government and the opposition fails
to reconcile the two sides, the main opposition leader
Hakainde Hichilema said on Thursday.
Zambia’s annual consumer inflation slowed to 6.3 percent in
August from 6.6 percent July, the Central Statistical Office
said on Thursday.
Ivory Coast will issue a 80 billion CFA-franc ($146.79
million) synthetic instrument, the West African nation’s
first, on Sept. 12, to raise financing for its budget, the
treasury of said on Thursday.
Somali government officials said on Thursday that 10 men and
boys killed in a joint U.S.-Somali raid were civilians and
that blood money will be paid to the families.
SOUTH SUDAN MILITARY
South Sudan’s former army chief is being confined to his
home for security reasons, the country’s defence minister
said on Thursday.
SOUTH AFRICA – Producer inflation in July at 3.6% yy (prev 4.0%).