#Africa #Markets | 6 Oct

(REUTERS) The following company announcements,
scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
– – – – –
EVENTS:
*A critic of Rwandan President Paul Kagame appears in court
*Seychelles’ statistics office releases inflation data for
September

——–//

TANZANIA – Inflation data for Sep-17 expected.

———-//

GLOBAL MARKETS
Asian stocks rose on Friday after optimism over U.S. tax
reform plans lifted Wall Street shares to new highs, and the
dollar hovered near a seven-week peak as new indicators
pointed to solid economic growth.

WORLD OIL PRICES
Oil markets were cautious on Friday as traders monitored a
tropical storm heading for the Gulf of Mexico and as China
remained closed for a week-long public
holiday.

SOUTH AFRICA MARKETS
South Africa’s rand weakened against the dollar early on
Thursday, hurt by a combination of a firmer greenback and
concerns over domestic economic growth
prospects.

NIGERIA TREASURY
Nigeria lowered the yields it offered at a treasury bill
auction on Wednesday to raise 130 billion naira ($425.3
million) after investors submitted bids four times in excess
of the amount it wanted to sell, traders said on
Thursday.

NIGERIA OIL
Nigerian lawmakers have set up a committee to investigate
allegations of corruption at the state oil company contained
in a letter from the minister of state for
petroleum.

KENYA MARKETS
The Kenyan shilling was firm against the dollar on
Thursday buyoed by horticulture earnings and inflows from
non governmental organizations, traders said.

KENYA RATES
Kenya’s central bank Monetary Policy Committee will hold its
next rate-setting meeting on Nov.23, it said on its
website.

UGANDA MARKETS
The Ugandan shilling weakened on Thursday, hurt by an
upsurge in demand by commercial banks beefing up their hard
currency positions after a central bank easing of its
monetary polciy stance this week.

RWANDA POLITICS
A critic of Rwandan President Paul Kagame will appear in
court on Friday charged with inciting insurrection and
forgery, the prosecutor’s office said on
Thursday.

NIGER USA/SECURITY
French and Nigerien troops were conducting operations on
Thursday in a region of Niger where three U.S. Army Special
Forces members were killed the day before, becoming the
first American soldiers to die in West Africa in
decades.

ZAMBIA AGRICULTURE
Zambia said it expects a new outbreak of armyworms in the
2017/18 crop season, after the maize-munching pests ravaged
southern Africa earlier this year.

SUDAN-USA/SANCTIONS
The United States is preparing to lift decades-old economic
sanctions against Sudan, citing improvement on human rights
and progress on counter-terrorism, a U.S. official said on
Thursday.

MAURITIUS INFLATION
Mauritius’ inflation rate fell to 3.5 percent
year-on-year in September from 4.6 percent in August, the
statistics office said on Friday.

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