NAIROBI, Sept 18 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
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*KENYA – Central Bank rate decision.
Asian shares hit decade highs on Monday and the dollar held
firm early in a week in which the U.S. Federal Reserve is
likely to wrestle with its bloated balance sheet as part of
a long reversal of super-cheap money
WORLD OIL PRICES
Oil markets were firm on Monday and remained near
multi-month highs reached late last week as the number of
U.S. rigs drilling for new production fell and refineries
continued to start up after getting knocked out by Hurricane
SOUTH AFRICA MARKETS
South Africa’s rand weakened for a sixth straight session on
Friday to end a miserable week as a better than expected
inflation print in the United States boosted the
SOUTH AFRICA ECONOMY
South Africa could restart a procurement process for its
nuclear expansion project as soon as next month but the
government still has to determine the exact timing, the
chairman of South Africa’s state nuclear agency Necsa said
SOUTH AFRICA POLITICS
Global auditor KPMG cleared out its South African leadership
en masse on Friday after damning findings from an internal
investigation into work done for businessmen friends of
President Jacob Zuma.
Nigerian President Muhammadu Buhari will pass through
London, where he spent five months on medical leave this
year, on his way home from the United Nations General
Assembly, his spokesman said on Friday.
Annual inflation in Nigeria slowed for a seventh month in
August, easing to 16.01 percent, the National Bureau of
Statistics (NBS) said on Friday.
Nigeria’s armed forces said on Friday a group campaigning
for the secession of a part of southeastern Nigeria formerly
known as Biafra had been categorised as a “terrorist
Kenya lowered its 2017 economic growth forecast to 5.5
percent due to drought and political uncertainty, a top
official said on Friday, as the government cut non-essential
spending to free up funds for a repeat presidential
Clashes along the border of Ethiopia’s Oromiya and Somali
regions have displaced around 50,000 people, a senior
regional official said on Sunday, in violence that has
prompted the government to send the military in.
Zambian President Edgar Lungu on Friday called for unity
among political groups ahead of talks between the government
and the opposition aimed at reconciliation after a political
crisis earlier this year.
Zimbabwe opposition leader Morgan Tsvangirai suffered severe
vomiting after a party meeting and was airlifted to a
Johannesburg hospital, a senior party source said on
Unrest over wages and electricity cuts kept the Guinean
bauxite mining hub of Boke partially blocked on Friday after
a night of gunfire in which witnesses said youths set up
roadblocks and burnt tyres.
Fighting between the military and police backed by
intelligence forces killed nine people in the Somali capital
on Saturday, police said.