NAIROBI, Oct 14 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
– – – – –
*ZIMBABWE – Statistics office due to release September’s
*SOUTH AFRICA – Treasury holds its weekly auction of
inflation linked bonds. 3-month, 6-month, 9-month and 1-year
Treasury bills also to be sold.
*BOTSWANA – Authorities expected to release consumer price
inflation data for September
Asian stocks and the dollar bounced on Friday, erasing some
losses from the previous day, as stronger-than-expected
Chinese inflation data eased some concerns about the health
of world’s second-biggest economy.
WORLD OIL PRICES
Oil prices edged up on Friday, pushed by a tighter U.S. fuel
market and as technical indicators attracted buying from
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SOUTH AFRICA MARKETS
South Africa’s stocks touched 3-1/2-month lows on Thursday
in line with world equities after a sharp decline in Chinese
exports revived concerns about the health of the world’s
The rand recouped some of its losses against the dollar,
but still traded near the previous day’s four-week lows as
investors fretted that Finance Minister Pravin Gordhan could
be removed from his job over fraud charges.
A committee of Nigerian lawmakers has invited South Africa’s
MTN , Nigeria’s trade minister and four lenders to
appear before them on Oct. 20 for an “investigate hearing”
on an allegation that MTN illegally moved $14 billion out of
Nigeria raised 95 billion naira ($312.50 million) at an
auction of local currency bonds on Wednesday, with the 2021
maturing debt attracting higher yield, while the 2026 and
2036 paper fetched lower returns, data from the Debt
Management Office showed on Thursday.
Madagascar will delay launching planned tenders on 40
offshore oil blocks until next year, the government’s top
official on extractive industries said on Thursday.
The Kenyan shilling was firm against the dollar on
Thursday, propped by hard currency inflows from offshore
investors buying government debt, traders said.
The Kenyan government and Kenya Airways urged
pilots to call off a strike planned for next week, saying it
would be “economic and national sabotage” and hamper efforts
to stem losses at the airline.
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- Nigeria’s Buhari returns home after three-month sick leave in Britain – Reuters
- Naira falls against dollar at parallel market – NAN
- Nigeria strengthening economy attracts forex traders – The Cable
- Permanent secretary forfeits N664m, $137,680.11,properties to FG – THE NEWS NIGERIA
- Naira to weaken further as dollar demand increases – PUNCH