NAIROBI, Dec 12 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
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GLOBAL MARKETS
Asian stocks rose on Thursday to the highest in a month
after the Federal Reserve signalled rate settings were
likely to remain accommodative, but the imminent UK election
and a deadline for Sino-U.S. trade talks kept investors
cautious. MKTS/GLOB
WORLD OIL PRICES
Oil prices edged higher on Thursday with the market mood
switching to relief as OPEC forecast a supply deficit next
year, from doom and gloom over data showing a surprise
increase in U.S. crude inventories. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand strengthened against the dollar on
Wednesday on optimism the central bank has room to boost the
economy after consumer inflation fell to a nine-year low,
while stocks gained. MARKETS
The Kenyan shilling KES= held steady on Wednesday with
diaspora remittances helping to meet increased dollar demand
from merchandise importers ahead of the holiday season,
traders said. IMF LOAN
The staff of the International Monetary Fund and the
Ethiopian government have reached a preliminary agreement
for a three-year, $2.9 billion financing package to support
the African country's economic reform program, the IMF said
on Wednesday. COAST COCOA
Ivory Coast cocoa grinders processed 96,000 tonnes of beans
from the start of the season on Oct. 1 to the end of
November, data from exporters' association GEPEX showed on
Wednesday. PETROLEUM
Ghana's Springfield E&P said on Wednesday that it had
discovered 1.5 billion barrels of oil and 0.7 trillion cubic
feet of gas off the West African country's Atlantic
coast.] CORRUPTION
Angolan authorities have opened a criminal case against a
former fishing minister for alleged involvement in a bribery
scandal with Iceland's biggest fishing company that has seen
six arrests in neighbouring Namibia, state media reported on
Wednesday. DIAMONDS
Angola's major new Luaxe diamond deposit may start trial
mining in mid-2020 and could produce 1 million carats of
diamonds worth $90 million in 2020, Russian diamond producer
Alrosa ALRS.MM said. the latest precious metals report click on GOL/
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