(REUTERS) The following company announcements,
scheduled economic indicators, debt and currency market
moves and political events may affect African markets
Asian shares were a tad firmer on Thursday, taking their
cues from strong U.S. data although holiday-thinned trade
and uncertainty about the impact of recent hurricanes on the
U.S. economy are likely to keep investors
WORLD OIL PRICES
Oil prices dipped on Thursday after the United States
reported record crude exports, although traders said that
efforts led by OPEC and Russia to cut production meant
markets remained well supported overall.
SOUTH AFRICA MARKETS
South Africa’s rand firmed on Wednesday, regaining ground
after tumbling to its weakest in six months as the weaker
dollar overshadowed data showing shrinking private sector
activity at home.
Nigeria’s central bank said on Tuesday it had injected $195
million into the interbank foreign exchange market,
extending efforts to boost liquidity and alleviate dollar
Nigeria’s two top oil officials are at loggerheads over the
management of the state oil firm, according to a letter from
the oil minister to the country’s president, threatening to
hinder industry reforms.
Nigeria plans to raise between 270 billion naira and 330
billion naira ($857 million – $1.1 billion) in local
currency-denominated bonds in the fourth quarter, the Debt
Management Office (DMO) said on Wednesday.
Nigeria’s financial crimes agency on Wednesday brushed off
allegations by the wife of the country’s former president
that it had conducted a “witch-hunt” against
Guinness Nigeria’s 39.70 billion naira ($126
mln) share sale to existing shareholders was 116 percent
subscribed, the company said on Wednesday.
The Kenyan shilling was stable against the dollar on
Wednesday with hard currency inflows from offshore investors
meeting importer demand amid tightening liquidity in the
money markets, traders said.
Five soldiers from Niger and three U.S. Army Special Forces
troops were killed and two wounded in an ambush on a joint
patrol in southwest Niger on Wednesday, according to
Nigerien and U.S. officials.
The Ugandan shilling was unchanged on Wednesday,
underpinned by a planned central bank mop-up of excess local
Mali has allowed informal gold mining to resume after a
three-month suspension during which the government
restructured the sector to capture more tax revenue, the
mines minister said on Wednesday.
IVORY COAST COCOA
Ivory Coast had exported 398,334 tonnes of semi-finished
cocoa products from the start of the season to the end of
August, up more than 10 percent from the same period a year
earlier, provisional port data showed on
The board of directors of the African Development Bank
on Wednesday delayed a vote on a $296 million
financing package for Ivory Coast national airline Air Cote
d’Ivoire’s purchase of five new Airbus AIR.PA A320s, the
IVORY COAST ECONOMY
Ivory Coast’s government on Wednesday proposed a 2018 budget
of 6.724 trillion CFA francs ($12.09 billion), a more than 4
percent increase on 2017 and including record investment
spending, a spokesman said.
Mauritius will sell a three-year Treasury bond worth 1.6
billion rupees next week, the central bank said on
Rwandan authorities have charged a critic of President Paul
Kagame with inciting insurrection and forgery after she was
barred from challenging him in August elections, the public
prosecutor’s spokesman said on Wednesday.
Tanzanian President John Magufuli has revealed he earns a
salary of 9 million Tanzanian shillings ($4,000) per month,
making him one of the lowest paid African leaders as he
pursues a much-criticised policy of deep public spending
Islamic State fighters killed one civilian and injured
another and a police colonel in Somalia’s semi-autonomous
Puntland region, police said on Wednesday.
Congo Republic’s public or publicly guaranteed debt stood at
5.329 trillion CFA francs, or around $9.14 billion, at the
end of July, the International Monetary Fund said at the end
of an assessment mission on Wednesday.
Sudan expects the United States to lift economic sanctions
as Khartoum has met all the required conditions, a Sudanese
minister said on Wednesday, days before Washington is due to
announce a decision.