African Markets – Factors to watch on Nov 7 – Reuters

NAIROBI, Nov 7 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Monday.
– – – – –
EVENTS:
SOUTH AFRICA – Exchange operator JSE Ltd releases data on
foreigners’ buying and selling of South African bonds and
stocks during the previous week.
SOUTH AFRICA – Releases foreign exchange reserve figures.
IVORY COAST – Release of estimate for weekly cocoa arrivals

GLOBAL MARKETS
Asian stocks bounced and the dollar strengthened on Monday
after the FBI said it stood by its earlier recommendation that
no criminal charges were warranted against Democrat Hillary
Clinton.

WORLD OIL PRICES
Oil prices rose in early trading on Monday, with
traders citing opportunistic buying following sharp declines
in the previous week on the back of ongoing weak fundamentals.

EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
South African stocks ended the week at an eight
month-low on Friday, after three days of losses driven by
uncertainty about the outcome of the U.S. presidential
election. The rand currency also weakened.

BOTSWANA POWER
Botswana will sell a 600 megawatt Chinese-built power plant
after persistent technical problems since it was commissioned
in 2012, the country’s state electricity firm said on
Saturday.

GHANA YIELDS
The Bank of Ghana said the yield on its weekly 91-day bill
fell to 22.5013 percent at an auction on Friday from 22.5424
percent at the last sale on Oct. 28.

 NIGERIA INTERBANK
 Nigeria’s overnight interbank lending rate rose to 13 percent
 on Friday from 10 percent as some commercial banks were unable
 to access credit lines due to technical problems at the
 central bank system, traders said.

MOZAMBIQUE DEBT
Mozambique’s attorney general has appointed multinational risk
management firm Kroll to probe state firms that hid $2 billion
in loans from government and international creditors, state
media said on Friday.

TANZANIA FUEL
Tanzania’s energy regulator raised maximum retail prices of
fuel on Saturday due to higher international crude oil and
refined product prices, a move likely to exert upward pressure
on inflation.

TANZANIA MINING
Tanzania plans to further tighten controls on its mining
sector to ensure that the country maximises the benefits from
its wealth of natural resources, President John Magufuli said
on Friday.

GUINEA BISSAU PROTESTS
Police in Guinea-Bissau’s capital used tear gas to disperse
hundreds of protesters demanding fresh elections on Saturday
as a regional mission pushed for the implementation of a deal
to end a year-long political crisis.