#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.

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.

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’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

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

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

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 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 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’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.

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