#Africa #Markets – Factors to watch on Oct. 2

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

——-//

MAURITIUS – Inflation data for Sep-17 expected.

——-//

GLOBAL MARKETS
The euro took a knock in Asia on Monday as investors kept an
anxious eye on an independence vote in Spain’s Catalonia,
although surprisingly strong economic news out of China and
Japan offered support to equities and
commodities.

WORLD OIL PRICES
Oil prices edged lower on Monday in early Asian trading,
pausing for breath after posting gains of as much as 20
percent in the third quarter, after a survey pointed to a
slight increase in OPEC production in
September.

SOUTH AFRICA MARKETS
Bonds led a recovery in South African markets on Friday,
with the rand also edging firmer, helped by combination of
the trade balance remaining in surplus and a pause in
dollar’s recent rally. Stocks followed world markets
higher.

NIGERIA POLITICS
Nigeria’s President Muhammadu Buhari said on Sunday he would
not allow the country to be dismembered as it faces calls
for secession in a region formerly known as Biafra and the
Niger Delta oil hub along with a separatist insurgency by
Boko Haram.

KENYA MARKETS
The Kenyan shilling eased against the dollar on
Friday due to dollar from some multinational companies,
traders said.

IVORY COAST COCOA
Ivory Coast, the world’s top cocoa producer, set its
guaranteed farmer price well below growers’ expectations for
the 2017/18 main crop season, raising concerns that a
looming price gap with Ghana could lead to rampant
smuggling.

CAMEROON PROTESTS
Soldiers shot dead at least eight people and wounded others
in Cameroon’s restless English-speaking regions on Sunday
during protests by activists calling for its independence
from the majority Francophone nation, an official and
witnesses said.

CONGO REBELS
For years, William Yakutumba did what many militia leaders
in eastern Congo do: he occupied a pocket of territory while
running rackets based on gold smuggling, arms trafficking
and taxing civilians abandoned by an absent
state.

UGANDA PARLIAMENT
At least five Ugandan lawmakers received hospital treatment
for injuries sustained while being dragged out of the
parliament by plain-clothes security guards that opposition
MPs said were really soldiers from President Yoweri
Museveni’s special forces.

UGANDA MARKETS
The Ugandan shilling edged up on Friday, helped by
some typical end of month hard currency inflows from
non-governmental organisations and coffee
exporters.

UGANDA INFLATION
Uganda’s inflation rose slightly to 5.3 percent
year-on-year in September from 5.2 percent a month earlier,
the statistics office said on Friday.

ETHIOPIA POLITICS
Hundreds of people chanting anti-government slogans marched
in the central Ethiopian town of Bishoftu on Sunday at a
religious festival where a stampede triggered by a police
move to quell protests killed dozens of people last
year.

TANZANIA MEDIA
Tanzania shut down another newspaper on Friday – the third
since June – after a warning from President John Magufuli
earlier in the year that the days of newspapers his
government viewed as unethical were numbered.

TANZANIA RAILWAYS
Tanzania has awarded a $1.92 billion contract to a Turkish
firm to construct a 422-km (262-mile) high-speed electric
railway line, part of plans to overhaul ageing transport
infrastructure.

CANADA-SOMALIA/ATTACKS
A Somali refugee who had been on a watch list over extremist
views faced five counts of attempted murder and terror
charges on Sunday after Canadian police said he stabbed a
police officer and ran down four pedestrians with a car in
Edmonton, Alberta.

SOMALIA-TURKEY/MILITARY
Turkey opened its biggest overseas military base on Saturday
in Somalia’s capital, cementing its ties with the volatile
but strategic Muslim nation and building a presence in East
Africa.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.