#Africa #Markets | 13 Oct

(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market moves and
political events may affect African markets on Friday.
– – – – –
EVENTS:
* Ghana launches start of 2017/8 cocoa season

GLOBAL MARKETS
Asian stocks edged to a 10-year high on Friday thanks to
expectations of brisk global growth, although investors held off
chasing shares higher ahead of U.S. economic data and next
week’s Chinese Communist Party Congress.

WORLD OIL PRICES
Oil prices rose on Friday as both U.S. crude production and
inventories declined, pointing towards a tightening market.
Strong Chinese oil import data also supported crude prices,
traders said.

SOUTH AFRICA MARKETS
South Africa’s rand raced to a two-week high on Thursday as
investor appetite for riskier but high-yielding emerging markets
assets improved and data eased concerns about the domestic
economy.

KENYA MARKETS
The Kenyan shilling was steady against the dollar on
Thursday, propped by remittances from Kenyans abroad and
horticulture revenue depite looming political uncertainty,
traders said.

KENYA ELECTION
Kenyan authorities banned protests in central Nairobi and other
hotspots as they tried to keep a lid on mounting political
turmoil in the build-up to a repeat presidential vote.

LIBERIA ELECTION
Former soccer star George Weah leads in partial presidential
election results in 11 of Liberia’s 15 counties, the electoral
commission said on Thursday, after a vote meant to bring about
the country’s first democratic transfer of power in decades.

SOMALIA SECURITY
Two of Somalia’s highest-ranking military officials have
resigned, state outlets said on Thursday, in moves that could
deal a blow to the war-torn Horn of Africa country’s efforts to
fight Islamist militants.

ZIMBABWE POLITICS
Zimbabwe’s ruling ZANU-PF is planning a special vote to give
veteran President Robert Mugabe a fresh five-year mandate as
party leader, three sources said, strengthening his hand as
rivals plot to succeed him.

CHAD BOKO HARAM
Chad has withdrawn hundreds of troops from neighbouring Niger,
where they were helping local forces fight Boko Haram Islamist
militants, humanitarian sources and officials said.
The pull-out over the past two weeks could weaken a region-wide
struggle against the militants who have killed tens of thousands
of people, forced many more to flee and triggered a humanitarian
crisis.

——–//

SOUTH AFRICA – Mining production in Aug-17 at 6.9% yy (prev 1.9% rev).

———//

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