The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Monday.
- - - - -
EVENTS:
KENYA - The International Monetary Fund hosts a discussion
on its latest Africa economic outlook report, which has
already been released.
GLOBAL MARKETS
Asian shares extended gains on Monday to hit a three-month
high as risk assets got a fillip from hopes of a U.S.-China
trade deal as soon as next month while the dollar marked
time as focus shifts to a U.S. rate decision.
MKTS/GLOB
WORLD OIL PRICES
After strong gains last week, oil prices were slightly lower
on Monday as data released in China reinforced signs that
its economy is slowing, though progress in China-U.S. trade
talks has supported prices.
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed against the dollar on Friday,
taking advantage of buying interest from traders eyeing
Finance Minister Tito Mboweni's medium-term budget speech
and a Moody's rating review next week.
MARKETS
The Kenyan shilling was stable against the dollar on Friday
with tightening liquidity in the local money market and
inflows from offshore investors buying government debt
helping meet end month dollar demand from merchandise
importers, traders said.
SANCTIONS
Zimbabwe's President Emmerson Mnangagwa on Friday described
Western sanctions as a "cancer" sapping the economy, and his
supporters denounced the measures during marches held around
the country.
ELECTION
Mokgweetsi Masisi was declared president of Botswana on
Friday, retaining his position and the ruling Botswana
Democratic Party's long dominance of power despite a strong
opposition challenge in this week's election.
ELECTION
Mozambique's incumbent President Filipe Nyusi has won a
landslide victory in an election it was hoped would calm
tensions in a nation soon to become a top global gas
exporter, but has instead stoked divisions as opposition
parties cry foul.
ECONOMY
Tanzania's economy grew by 7.2 percent year-on-year in the
second quarter of 2019, up from 6.1 percent in the same
period a year ago, buoyed by growth in construction, mining
and communications sectors, official data showed on Sunday.
AIRLINE
Tanzania's state carrier plans to double the size of its
fleet to 14 aircraft by 2022 and is exploring new routes and
code-sharing agreements with other airlines, a senior
government official said on Saturday.
VIOLENCE
Much of the fighting seen during protests in Ethiopia last
week was ethnically tinged, eyewitnesses said on Saturday,
describing attacks by young men from the Oromo ethnic group
against people from other ethnic groups.
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