#Africa #Markets – Factors to watch on Sept. 8

NAIROBI, Sept 8 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.
– – – – –
EVENTS
*TANZANIA – The statistics office is expected to release
August consumer price inflation data

GLOBAL MARKETS
Asian shares edged up on Friday as investors kept a wary eye
on another U.S. storm, while the dollar skidded after
European Central Bank chief Mario Draghi suggested the bank
may begin tapering its massive stimulus programme this
autumn.

WORLD OIL PRICES
Oil prices rose on Friday as U.S. crude production was hit
harder by Hurricane Harvey than expected, with even bigger
storm Irma heading for Florida and threatening to cause more
disruption to the petroleum industry.

SOUTH AFRICA MARKETS
South Africa’s rand weakened on Thursday following weak data
on the local economy and mixed signals by the European
Central Bank on its stimulus programme.

TANZANIA MINING
Tanzanian President John Magufuli has ordered a review of a
Petra Diamonds Ltd contract and asked senior public
officials to resign over the outcome of an investigation
into the mining sector, he said on Thursday.

TANZANIA POLITICS
Tanzanian opposition lawmaker Tundu Lissu, a fierce critic
of President John Magufuli’s government, was seriously
wounded in a gun attack on Thursday, police and party
officials said.

TOGO POLITICS
Togolese authorities blocked Internet access on Thursday as
opponents of President Faure Gnassingbe marched for a second
day against his family’s 50-year rule.

GHANA COCOA
Ghana’s cocoa output this season has exceeded a government
target with cumulative purchases declared to industry
regulator Cocobod reaching at least 940,000 tonnes by the
end of August, two Cocobod sources said on Thursday.

——-//

SEYCHELLES – Inflation in Aug-17 at 3.9% yy (prev 3.2%)

SOUTH AFRICA – Gross gold & FX reserves in Aug-17 at $46.9bn
(prev $46.7)

——//

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