(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market
moves and political events may affect African markets
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*UGANDA – The central bank makes its latest decision on its
benchmark repo rate.
Asian shares rose on Tuesday, tracking record closes on Wall
Street and upbeat economic data that lifted U.S. Treasury
yields and the dollar, although weaker oil prices took their
toll on some market segments.
WORLD OIL PRICES
Oil prices fell on Tuesday, declining for a second day and
sapping more strength from a third-quarter rally, amid signs
that a global glut in crude may not be clearing as quickly
as some had hoped.
SOUTH AFRICA MARKETS
South Africa’s rand weakened on Monday as the currency along
with fellow emerging markets strained under pressure from a
stronger dollar and a dim local economic
The Nigerian army on Monday said it will carry out training
exercises in the restive southern Niger Delta, where attacks
on oil installations last year cut the OPEC member’s crude
production by around a third.
The Kenyan shilling weakened against the dollar on
Monday due to oil importer demand but tight market liquidity
was seen increasing demand for the shilling, traders
Police fired teargas at opposition supporters who rallied in
Kenya’s capital Nairobi on Monday calling for the sacking of
election board officials they blame for August’s botched
The U.N. World Food Programme is cutting food rations by 30
percent for more than 400,000 refugees living in camps in
Kenya due to insufficient funding, it said on
Kenyan authorities should take a closer look at the impact
of a cap on lending rates imposed a year ago, to determine
if its intended purposes are being met, the chief executive
of Standard Chartered Kenya said.
At least 17 people have died in clashes between security
forces and protesters in Cameroon’s English-speaking
regions, Amnesty International said, as violence broke out
in an area where a separatist movement is gathering
Ghana’s president Nana Afuko-Addo said on Monday the
government would ensure that producer prices for cocoa
remained unchanged for the upcoming 2017/18 season starting
this month, keeping levels above those in neighbouring Ivory
IVORY COAST COCOA
Ivory Coast has granted cocoa export licences to 72
companies and cooperatives for the 2017/18 season, down from
93 last season, according to a document from the Coffee and
Cocoa Council regulator seen by Reuters on
IVORY COAST COCOA/ DISEASE
Fungal black pod disease is spreading in key cocoa growing
regions as the new main crop harvest opens in top producer
Ivory Coast, farmers said on Monday, though abundant
rainfall and sunshine is supporting crop development
SOUTH SUDAN FIGHTING
Rebels in South Sudan killed four soldiers when they
attacked a strategic northeastern town to try to push the
government out ahead of a resumption of peace talks, a
government spokesman said on Monday.
Zambia has awarded Austria’s Kapsch TrafficCom AG
a joint venture contract to design, install and operate a
road traffic surveillance system to curb accidents, the
company said on Monday.
The Ugandan shilling was little-changed on Monday,
with most players staying on the sidelines as they await a
key central bank rate decision on Tuesday.
Angola’s net foreign exchange reserves fell to $15.609
billion in August from a revised $17.477 billion in July,
data posted on the central bank’s website showed on
Angola’s inflation slowed to 25.18 percent year-on-year in
August from 27.29 percent in July, data on the national
statistics agency’s website showed.
Angola’s central bank kept its benchmark lending rate
unchanged at 16 percent following a policy meeting on Sept.
29, citing slowing consumer price inflation.
Mozambique’s President Filipe Nyusi will run for re-election
in 2019, his ruling Frelimo party said on Monday, a step
towards a vote meant to end sporadic clashes.
A policeman shot dead on Monday the chief of security at an
airport in Somalia’s semi-autonomous Puntland region and
also his bodyguard, police said.