The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Wednesday.
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GLOBAL MARKETS
The euro stood at an 18-month high, silver soared and
commodities forged ahead on Wednesday, as economic recovery
hopes drove bets on rebounding world demand and a falling
U.S. dollar. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Wednesday as industry data showed a
bigger- than-expected inventory build in the United States
where coronavirus cases continue to climb, potentially
further denting demand in the world's biggest oil
consumer. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand rallied more than 1% on Tuesday in a
broad emerging market advance on perkier risk appetite after
European Union leaders agreed a 750 billion-euro ($862
billion) fund to prop up their coronavirus-hit
economies. ENI/SHELL
Italian prosecutors have asked for oil majors Eni ENI.MI and
Shell RDSa.L to be fined and some of their present and
former executives, including Eni CEO Claudio Descalzi, to be
jailed in a long-running trial over alleged corruption in
Nigeria. MARKETS
The Kenyan central bank sold dollars on Tuesday to support
the shilling KES= against increased dollar demand from the
energy sector and merchandise importers as business activity
resumed following lifting of COVID-19 movement restrictions,
traders said. FLOWERS
Demand for Kenya's flowers has recovered to around 85% of
pre-coronavirus levels as European markets open up after
lockdowns, an industry body said, spurring hope that the
industry could see a full rebound by next year. ETHIOPIA DAM EGYPT/SUDAN
Ethiopia, Egypt and Sudan have agreed to resume talks to
break a deadlock on the Grand Renaissance Dam reservoir on
the Blue Nile, the leaders of the three countries said on
Tuesday. CORONAVIRUS
Zimbabwe President Emmerson Mnangagwa said on Tuesday his
government would impose a night-time curfew and tighten
other measures to tackle rising coronavirus infections,
adding that anyone who challenged the rules faced severe
punishment. MARKETS
The Ugandan shilling UGX= was stable on Tuesday, drawing
some support from inflows from exporters of commodities like
coffee and others weighing against muted demand. POLITICS
Uganda's long-serving President Yoweri Museveni has
collected papers to seek nomination as the ruling party's
candidate in next year's presidential election, the party
said on Tuesday. ENVIRONMENT
From the top of a ladder, a Senegalese girl struggles to
catch a glimpse of the beach hidden by a swanky hotel's
sprawling ocean frontage - a stunt for a music video that
highlights growing grassroots efforts to save Dakar's coast
from hungry developers. COAST BONDS
Ivory Coast has issued 145 billion CFA francs ($254.69
million)in bonds on the West African bourse to raise funds
to help boost its economy, a lead manager said on
Monday. LNG/AFRICA BANK
The African Development Bank (AfDB) said on Tuesday that it
has joined a global syndicate of banks and other financial
institutions to provide financing for Mozambique's $20
billion liquefied natural gas (LNG) project. the latest precious metals report click on GOL/
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