NAIROBI, Nov 13 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
Asian shares stepped back in cautious trade on Monday as
investors look to see whether U.S. Republicans can hammer a
tax reform deal quickly, while the British pound fell on
growing doubts over Prime Minister Theresa May’s leadership.
WORLD OIL PRICES
Oil trading was cautious on Monday amid ongoing tensions in
the Middle East and after a rising rig count in the United
States suggested producers there are preparing to increase
SOUTH AFRICA MARKETS
South Africa’s rand slipped to a one-year low on
Friday as fears of a ratings downgrade resurfaced on reports
President Jacob Zuma is preparing to introduce free tertiary
education, which would put added pressure on public
The Kenyan shilling was stable against the dollar on
Friday and traders said they forecast it to firm due to
tight money market liquidity.
Kenya’s ARM Cement is seeking a strategic investor
to provide equity capital, the chief executive said on
Friday, after its shares plunged following problems in
producing clinker and other challenges at its new Tanzanian
IVORY COAST INFLATION
Consumer price inflation in Ivory Coast, the world’s top
cocoa producer, fell to 1.1 percent year-on-year in October,
from 1.3 percent in September, data from the National
Statistics Institute showed on Friday.
Burundi said on Friday it will refuse to cooperate with an
International Criminal Court (ICC) investigation into war
crimes prosecutors suspect were committed by forces loyal to
President Pierre Nkurunziza’s government against their
Ghana has named Fieldstone and PricewaterhouseCoopers
to lead its planned sale of thermal assets worth up to $2 billion,
in an effort to relieve its debt-laden power sector, government
sources told Reuters on Friday.
Angola made a last-minute debt payment to Brazil this week
to avoid default, but officials in Brasilia now expect
Luanda to try to renegotiate the loan, linked to a giant
hydroelectric plant in the country.
Rwanda’s inflation fell to 3.6 percent
year-on-year in October from 3.8 pct a month earlier, the
National Institute of Statistics said on Friday.