#Africa #Markets – Factors to watch on Sep 19

NAIROBI, Sept 19 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Tuesday.
– – – – –
EVENTS:
*SOUTH AFRICA – Reserve Bank starts its three-day monetary
policy committee meeting (to September 21).

GLOBAL MARKETS
Asian shares slipped on Tuesday, supported by record highs
on Wall Street but hobbled by uncertainty as traders awaited
a Federal Reserve meeting for clues on U.S. monetary
policy.

WORLD OIL PRICES
Oil markets were stable on Tuesday, supported by a fall in
Saudi Arabian crude exports but capped by an expected rise
in U.S. shale output.

SOUTH AFRICA MARKETS
South Africa’s rand dipped to its weakest level in a month
on Monday, with a slide by emerging market currencies
against the stronger dollar made worse by a fresh wave of
political concerns locally.

SOUTH AFRICA POLITICS
South Africa’s opposition Democratic Alliance will lay a
criminal complaint against McKinsey for “fraud, racketeering
and collusion” over work the global consultancy did with
businessmen friends of President Jacob Zuma, it said on
Monday.

NIGERIA POLITICS
Suspected suicide bombers killed at least 12 people and
injured 26 others on Monday in northeast Nigeria’s state of
Borno, epicentre of the Islamist militant Boko Haram
insurgency, the chairman of the local emergency agency
said.

KENYA ECONOMY
Kenya’s central bank held its main lending rate
at 10.0 percent as expected on Monday, saying food supplies
were likely to improve and lower pressure on
inflation.

KENYA POLITICS
A French IT company that supplied the electronic system used
in Kenya’s nullified election last month has told the
election commission its technology will not be ready to use
again by the Oct. 17 date set for a re-run of the
vote.

CONGO POLITICS
Congolese army commanders orchestrated a wave of massacres
that killed hundreds of people between 2014-2016 as they
vied for influence with anti-government insurgents in
northeastern Democratic Republic of Congo, a new report said
on Monday.

UGANDA POLITICS
Ugandan police have arrested 10 youths for staging an
illegal rally to oppose a planned constitutional amendment
to allow President Yoweri Museveni, one of the world’s
longest serving rulers, to run for a fresh term.

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