#Africa #Markets | 24 Oct

(REUTERS) The following company announcements, scheduled
economic indicators, debt and currency market moves and
political events may affect African markets on Tuesday.

GLOBAL MARKETS
Asian shares held within striking distance of recent decade
highs on Tuesday and major currencies kept to narrow ranges,
while the New Zealand dollar fell after the country’s
incoming Labour government laid out its left-leaning
priorities.

WORLD OIL PRICES
Oil prices inched up on Tuesday, getting support from a
decline in oil exports from OPEC’s second-biggest producer
Iraq and a projected extended fall in U.S. commercial oil
stocks.

SOUTH AFRICA MARKETS
South Africa’s rand held its ground on Monday, weakening
only slightly against a surging dollar as concerns over
further cabinet reshuffles eased and attention shifted to
this week’s budget speech. Stocks inched up on the
day.

NIGERIA MARKETS
Nigeria’s central bank said on Monday it had injected $195
million into the interbank foreign exchange market,
extending efforts to boost liquidity and alleviate dollar
shortages.

NIGERIA COURT/BANKS
A Nigerian court has ordered a temporary freeze on millions
of bank accounts with incomplete identification documents
and the forfeiture of funds in those accounts as the
government seeks to ensure compliance with money laundering
rules.

NIGERIA OIL
Nigeria’s lower chamber aims to pass the long-awaited
Petroleum Industry Bill (PIB), which seeks to overhaul the
West African nation’s energy sector, in the second quarter
of 2018, a lawmaker said on Monday.

KENYA MARKETS
The Kenyan shilling dropped to 103.75/85 per dollar
on Monday, its lowest level since mid-August, mainly due to
concerns about potential violence during a repeat
presidential scheduled for Oct. 26, traders
said.

KENYA ELECTION
Kenyan authorities will charge the sister of opposition
leader Raila Odinga with incitement to violence after
opposition supporters attacked officials from the election
board last week, the chief prosecutor’s office said on
Monday.

UGANDA MARKETS
The Ugandan shilling was unchanged on Monday amid a
slowdown in appetite for hard currency from manufacturing
firms and banks.

RWANDA POLITICS
A Rwandan court denied bail on Monday to a vocal critic of
President Paul Kagame who was barred from running against
him in an August election and later jailed on charges of
incitement and forgery that are widely seen as politically
motivated.

GHANA BOND
Ghana will start receiving bids on Tuesday for domestic
bonds worth 6 billion cedis ($1.36 billion) to settle energy
sector debts that have accumulated over the past decade,
lead arrangers said on Monday.

IVORY COAST COCOA
Cocoa arrivals at ports in top grower Ivory Coast reached
around 113,000 tonnes by Oct. 22 since the start of the
season on Oct. 1, exporters estimated on Monday, down from
154,000 tonnes in the same period last season.

IVORY COAST OIL
Average crude oil output for Ivory Coast in 2017 revised to
40,000 barrels a day, up from a previous estimate of 38,000
bpd, Energy and Petroleum Minister Thierry Tanoh said on
Monday.

NAMIBIA POACHING
Namibia recorded fewer cases of rhino and elephant poaching
this year compared to recent years, the southern African
nation’s minister of environment and tourism said on
Monday.

SOUTH SUDAN USA
The United States is considering how to pressure South
Sudan’s President Salva Kiir into peace, but withdrawing aid
may not work, U.S. envoy to the United Nations Nikki Haley
said ahead of a visit to South Sudanese refugees in Ethiopia
on Tuesday.

ETHIOPIA SOLAR
Enel’s green power unit leads a consortium
selected as preferred bidder to build a 100 megawatt solar
farm in Ethiopia, the Italian utility said on Monday, in its
first foray in the country.

CONGO POLITICS
The U.N. peacekeeping mission in Congo on Monday condemned
the arrest of about 30 opposition members amid a crackdown
on dissent by President Joseph Kabila’s
government.

CONGO VIOLENCE
Almost half of the 1.5 million people displaced by an
insurrection in central Democratic Republic of Congo since
last year have returned home as violence has waned in recent
months, the United Nations said on Monday.

TOGO PROTESTS
Gambia’s Foreign Ministry said on Monday it was up to the
people of Togo to decide whether President Faure Gnassingbe
should stay in power after the minister told Reuters at the
weekend that mediators should persuade Togo’s leader to step
aside.

EGYPT SECURITY
Egyptian authorities have accused Reuters and the BBC of
“inaccurate coverage” of clashes in the western desert
between security forces and armed militants in which police
officers and conscripts were killed on Friday.

EQUATORIAL GUINEA
Oil producer Hess Corp said on Monday it would sell
its interests in offshore Equatorial Guinea to Kosmos Energy
and Trident Energy for $650 million.

SIERRA LEONE DIAMOND
Sierra Leone hopes to raise millions of dollars for
development projects by auctioning a huge uncut diamond,
believed to be one of the world’s largest, in New York in
December.

TANZANIA CENTRAL BANK
Tanzania’s new central bank governor will be tax law
professor Florens Luoga, the country’s president said on
Monday.

TANZANIA PETRA DIAMOND
Petra Diamonds Ltd’s first quarter revenue fell by
17 percent after the government of Tanzania last month
seized a consignment of diamonds from its Williamson
mine.

LIBERIA ELECTION
Crammed into tumble-down shacks on a sandspit that the
Atlantic Ocean is steadily devouring, the residents of
Liberia’s most notorious slum have one common desire: an end
to their daily struggle with dire poverty.

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