NAIROBI, Oct 24 (Reuters) – The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
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*ZAMBIA – Statistics office to release consumer inflation
data for October anytime starting on Monday.
Asian stocks drifted without clear direction on Monday after
Wall Street’s sluggish performance late last week, while the
dollar hovered near nine-month highs as fresh comments from
a Federal Reserve official boosted bets of a rate hike by
WORLD OIL PRICES
Oil prices fell early on Monday as Iraq said it wanted to be
exempt from any deal by producer cartel OPEC to cut
production to prop up the market, and as U.S. drillers
stepped up work.
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SOUTH AFRICA MARKETS
South Africa’s rand weakened for second straight session on
Friday as increased bets of an interest rate hike in the
United States dampened demand for emerging currencies
NIGERIA MARKETS Nigeria’s overnight interbank rate fell on Friday after the central bank repaid matured treasury bills and cash meant for government’s capital projects reached the system, traders said.
NIGERIA EUROBOND Nigeria expects to sell a Eurobond worth around $1 billion before the end of the year and is in the process of appointing managers for the sale, Finance Minister Kemi Adeosun said on Friday.
NIGERIA STOCK EXCHANGE Nigeria’s stock exchange, Africa’s second largest, will push back the launch of derivatives trading to 2017, starting with stocks futures once a clearing house has been established, its chief executive Oscar Onyema said on Friday.
NIGERIA TELECOMS MTN did not break Nigeria’s currency transfer rules, the South African telecoms firm said on Friday, denying allegations it illegally repatriated $14 billion in a row analysts say exposes the inherent risk of investing in frontier markets.
The Kenyan shilling edged down on Friday mainly due
to demand for dollars from companies.
Mauritius said on Friday its trade deficit had widened 25.5
percent to 6.66 billion rupees ($186.82 million) in August
from the same month last year, after exports of machinery
and transport equipment fell sharply.
MOZAMBIQUE CENTRAL BANK RATE
Mozambique’s central bank has lifted its benchmark lending
rate by 600 basis points to 23.25 percent, its monetary
policy committee said on Friday.
Angola, which has been hard hit by depressed oil prices, on
Friday unveiled a 2017 budget of 7.3 trillion kwanza ($44.22
billion) with a budget deficit of 5.9 percent of gross
DEMOCRATIC REPUBLIC OF CONGO POLITICS
Congo’s influential Catholic Church urged politicians on
Friday to renegotiate a deal struck last week to ensure a
presidential election is held next year and President Joseph
Kabila is forbidden from standing for a third
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