(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market moves and
political events may affect African markets on Monday.
*Court decides on bail for Rwanda’s president vocal opponent
Japanese shares jumped on a weaker yen on Monday as an
election win for Shinzo Abe’s ruling bloc gave a green light
for more super-easy policy stimulus, while the euro eased as
Spain’s constitutional crisis aggravated concerns about
political unity in the region.
WORLD OIL PRICES
Oil prices rose on Monday over supply concerns in the Middle
East and as the U.S. market showed further signs of
tightening while demand in Asia keeps
SOUTH AFRICA MARKETS
South Africa’s rand weakened sharply on Friday and
government bonds sold off, as speculation that President
Jacob Zuma may axe his deputy Cyril Ramaphosa added to a
climate of political uncertainty that has unnerved
A suicide bomber killed 13 other people in the northeast
Nigerian city of Maiduguri on Sunday, a police official
said, the deadliest attack in over a month as the conflict
with Boko Haram stretches into its ninth year.
Cement maker Lafarge Africa is expecting regulatory approval
from Nigerian authorities for a 131.65 billion naira
($431.43 million) rights issue as it focuses on Nigeria for
growth and expands into Ghana, its chief financial officer
said on Friday.
Money transfer company Transferwise has resumed remittances
to Nigeria after a 17-month break because it has regained
confidence in the central bank’s handling of the naira
currency, its chief executive said on Friday.
The Kenyan shilling is expected to weaken against the dollar
in the next week ending Thursday while the naira is expected
to hold steady, traders said.
Kenya’s opposition leader Raila Odinga, who says he will
boycott a presidential election re-run due next week, said
on Friday he would announce a “way forward” the day before
the scheduled poll, raising the possibility he might
participate after all.
Uganda’s main opposition leader was arrested and charged
with murder, police said on Friday, after they broke up a
rally organised to protest moves to extend President Yoweri
A plague epidemic has killed 94 people on the island of
Madagascar and could spread further, the World Health
Organization said on Friday.
The U.N. subcommittee on torture prevention has suspended a
visit to Rwanda, citing obstructions imposed by the
government that compromised its fact-finding
Niger army reinforcements stopped the perpetrators of a
deadly hit-and-run attack on Saturday as they tried to cross
back into Mali at the border, triggering a fierce gun
battle, a security source in the area said.
Ethnic clashes killed 11 people this week in Ethiopia’s
Oromiya region, a regional government official said on
Sunday, the latest unrest in a province that was wracked by
violence in 2015 and 2016.
Zimbabwean President Robert Mugabe has been removed as a
goodwill ambassador, the World Health Organization said on
Sunday, following outrage among Western donors and rights
groups at his appointment.
A roadside bomb killed at least seven people on Sunday –
mostly women farmers – in an area outside the Somali capital
dominated by Islamist insurgents who have defied public
protests to end years of violence, residents and the army
TANZANIA ACACIA MINING
Barrick Gold said on Friday a proposed mining
settlement it negotiated with Tanzania for its Acacia Mining
ACAA.L unit was not under threat, even though Acacia said it
could not immediately make a $300 million payment included
in the deal.