African Markets – Factors to watch on Jan 2 – Reuters

niger delta avengers

NAIROBI, Jan 2 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Monday.
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GLOBAL MARKETS
The dollar, oil and U.S. stocks slipped on Friday in thin
pre-holiday trading on the last trading day of 2016, but
ended the session with sizable gains for the
year.

WORLD OIL PRICES
Oil prices settled slightly lower on Friday, the year’s last
trading day, but attained their biggest annual gain since
2009, after OPEC and partners agreed to cut output to reduce
a supply overhang that has depressed prices for two
years.

EMERGING MARKETS
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AFRICA STOCKS
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AFRICA CURRENCIES
Kenya’s shilling and Zambia’s kwacha are seen holding steady
against the dollar in the next week to Thursday, while
Nigeria’s naira will likely weaken, traders said.

TANZANIA POLITICS
Tanzanian President John Magufuli sacked the head of the
state-run electricity company on Sunday after the firm put
up tariffs, a move the president said would stymie his plans
to industrialize the east African country.

SUDAN CEASEFIRE
Sudanese President Omar Hassan al-Bashir has announced a
one-month extension of his unilateral ceasefire in fighting
with rebels in the country’s war zones.

BURUNDI VIOLENCE
A gunman killed Burundi’s environment and water minister
early on Sunday, police said, the first senior government
figure to be murdered in nearly two years of political
violence.

NIGERIA INSURGENCY
A group of former Nigerian militants said on Sunday it had
lost confidence in the president’s efforts to end attacks on
oil facilities in the Niger Delta, a major goal in efforts
to reach a lasting peace settlement.

GAMBIA POLITICS
Gambian leader Yahya Jammeh accused West African regional
body ECOWAS of declaring war, after it said it was putting
forces on alert in case he refused to step down at the end
of his mandate this month.