NAIROBI, Oct 10 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
– – – – –
*TANZANIA – The statistics office is expected to release
September’s annual consumer price index data.
*RWANDA – September consumer price inflation data also due
to be released today.
The Mexican peso climbed and U.S. stock futures crept higher
on Monday as markets saw less chance of a victory by
Republican nominee Donald Trump in his U.S. presidential bid
amid a scandal over comments he made about women.
WORLD OIL PRICES
Oil prices fell on Monday over doubts that an OPEC-led plan
to cut output would rein in a global oversupply that has
dogged markets for over two years.
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SOUTH AFRICA MARKETS
South Africa’s rand firmed against the dollar on Friday
after U.S. employment growth unexpectedly slowed, cooling
bets on a December rate hike by the Federal Reserve that
could drain capital away from emerging markets.
SOUTH AFRICA POLITICS
South Africa’s Constitutional Court has told the state
prosecutor it cannot appeal a ruling to reinstate corruption
charges against President Jacob Zuma, another setback for
the embattled leader.
The Kenyan shilling was stable against the dollar on
Friday, but was seen coming under pressure due to corporate
dollar demand from some multinational companies preparing to
pay out dividends.
Kenya will sell a 15-year infrastructure bond to raise up to
30 billion shillings ($296 million) this month to fund road,
water and energy projects, the central bank said on Sunday.
NIGERIA PENSION FUNDS
Nigerian pension funds have been selling equities and
shifting to local bonds despite cheap valuations as illiquid
currency markets limit foreign participation in the stock
Ethiopia’s Prime Minister Hailemariam Desalegn declared a
six-month nationwide state of emergency on Sunday, saying
months of unrest threatened the nation’s stability.
Botswana’s government will put its largest copper and nickel
producer, BCL Mine Limited under provisional liquidation due
to non-profitability, Mineral Resources Minister Sadique
Kebonang said on Saturday.
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- Africa’s Richest Man to Invest Up to $50 Billion in U.S., EU – Bloomberg