#Africa #Markets | 12 Oct

(REUTERS) The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect African markets on Thursday.
– – – – –
EVENTS:
* Preliminary results may be announced for Liberia presidential
election.
* South Sudan hosts first international oil conference.

——–//

SOUTH AFRICA – Mining production data for Aug-17 expected.

——-//

GLOBAL MARKETS
Asian stocks reached a 10-year high on Thursday, riding the bull
run in global equity markets, while the dollar sagged after the
Federal Reserve showed a more guarded view towards
inflation.

WORLD OIL PRICES
Oil prices eased on Thursday as U.S. fuel inventories rose
despite efforts by OPEC to cut production and tighten the
market.

SOUTH AFRICA MARKETS
South Africa’s rand firmed by more than one percent against the
dollar for a second consecutive session on Wednesday boosted by
a lull in local politics and some importers stepping into buy
the currency before the rally fades.

AFRICA GROWTH
The economy of sub-Saharan Africa is seen growing more slowly
this year than previously forecast, largely due to weak
investment and productivity, the World Bank said on
Wednesday.

NIGERIA SECURITY
The vast majority of almost 2 million Nigerians driven from
their homes by the conflict with Boko Haram cannot return
because of a lack of security, an aid agency said on
Wednesday.

KENYA MARKETS
The Kenyan shilling was steady against the dollar on
Wednesday but was perceived depreciating due to growing
political uncertainty with direct intervention from the central
bank likely to smooth out volatility, traders said.

KENYA POLITICS
Kenya lurched deeper into political confusion on Wednesday as a
court ruling and a parliamentary vote appeared to ease Uhuru
Kenyatta’s path to a second term as president, a day after his
chief rival quit an election they were to contest.

KENYA STOCKS
Kenyan stocks and bonds fell on Wednesday after opposition
leader Raila Odinga pulled out of a repeat presidential election
set for Oct. 26.

KENYA EUROBOND
Kenya’s dollar-denominated 2024 sovereign bond
fell as much as 1.2 cents on Wednesday, according to Reuters
data, as the country’s political crisis over the election re-run
scheduled for Oct. 26 deepened.

CONGO ELECTION
An election to replace Congolese President Joseph Kabila cannot
take place before April 2019, the electoral commission said, a
delay that the opposition said would cause an impatient
population to “take matters into its own hands”.

CONGO MINING
Congo’s government has lifted an order requiring a joint venture
of Chinese investors to stop exporting raw copper and cobalt,
the mines ministry and the company said on
Wednesday.

UGANDA MARKETS
The Ugandan shilling was unchanged against the dollar on
Wednesday amid slowing demand from importers and commercial
banks.

RWANDA POLITICS
A prominent opponent of Rwandan President Paul Kagame pleaded
not guilty on Wednesday to charges of forgery and inciting
insurrection and said she was being prevented from accessing her
case file to chart her defence.

LIBERIA ELECTION
One of Liberia’s leading political parties called for a halt in
announcing the result of Tuesday’s presidential election, citing
irregularities in the vote.

IVORY COAST OIL
Tullow Oil has signed four production-sharing contracts
in Ivory Coast with an initial investment of $21 million, an
Ivorian government spokesman said on Wednesday.

IVORY COAST INLFATION
Price inflation in Ivory Coast, the world’s top cocoa producer,
was at 1.3 percent year-on-year in September, unchanged from
August, data from the National Statistics Institute showed on
Wednesday.

BOTSWANA HIPPOS
Anthrax has been detected in dead hippos floating in the
Okavango River, officials in Botswana said on Wednesday, after
more than 100 of the animals were suspected to have been killed
by the disease in neighbouring Namibia.

NIGER URANIUM
French uranium mining and nuclear fuel group Areva NewCo will
slash output and reduce staffing levels at its Niger mines in
response to low uranium prices, the company and its unions
said.

ZAMBIA POLITICS
The emergency powers invoked by Zambian President Edgar Lungu
three months ago will expire with effect from midnight on
Wednesday, the nation’s justice minister said.

MAURITIUS TREASURIES
The weighted average yield on Mauritius’ 3-year Treasury bond
fell to 2.43 percent at auction on Wednesday from 2.51 percent
at the previous sale in September, the central bank
said.

SUDAN ECONOMY
Sudan has for the first time in 20 years begun receiving foreign
currency inflows, the central bank said on Wednesday, days after
the U.S. government lifted decades-old trade sanctions on the
northern African country.

BURKINA FASSO POLITICS
Burkina Faso’s former foreign minister will be released from
jail pending trial for treason over his alleged involvement in a
coup attempt in 2015, his lawyer said on Wednesday.

GHANA INFLATION
Ghana’s annual consumer price inflation fell to 12.2 percent in
September from 12.3 percent the previous month driven by lower
utility prices, the statistics office said on
Wednesday.

MALAWI GRAINS
Malawi will experience normal rainfall levels during the 2017/18
farming season, the Ministry of Natural Resources forecast on
Wednesday, raising hopes that the country will meet most of its
basic food needs for two years running.

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