#Africa #Markets | 14 Nov

NAIROBI, Nov 14 (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 stocks faltered on Tuesday as Chinese economic data
disappointed and investors pondered whether a marked
flattening in the U.S. yield curve might ultimately be a
harbinger of a slowdown there.

WORLD OIL PRICES
Oil prices fell on Tuesday as the cautious sentiment of the
past week prevailed, despite ongoing OPEC-led production
cuts and Middle East tensions.

SOUTH AFRICA MARKETS
South Africa’s rand tumbled more than one percent and the
risk premium on government bonds soared on Monday over news
of a top Treasury official resignation, financial woes at
the sole power utility and political jostling in the ruling
party.

NIGERIA POLITICS
President Muhammadu Buhari is to visit southeast Nigeria
this week, his spokesman said on Monday, his first trip
since taking office to a region formerly known as Biafra.
Calls for secession have become increasingly loud in the
last few months in parts of the southeast, where the
president is deeply unpopular, prompting Buhari to say he
will not allow Nigeria to be divided by separatist groups

KENYA MARKETS
The Kenyan shilling gained slightly against the
dollar on Monday amid a local currency liquidity tightness,
traders said.

KENYA AVIATION
Kenya’s government converted some loans to Kenya Airways
into equity, lifting its stake to nearly 50 percent in an effort to
return the carrier to profitability, the finance minister said
on Monday.

GHANA CRUDE
Ghana has opened talks with Exxon Mobil Corp to
allow the U.S. oil firm to undertake deepwater exploration
off its coast, a deputy energy minister said on Monday.

IVORY COAST
Ivory Coast plans to end illegal cocoa farming in national
parks and protected forests within five years, the minister
for water and forests, Alain Richard Donwahi said on Monday.

ZIMBABWE
Zimbabwe’s top general warned on Monday that the military
would not hesitate to step in to end purges against former
liberation war fighters in President Robert Mugabe’s ruling
party after Emmerson Mnangagwa was stripped of his vice
president’s post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s