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 share markets turned higher on Thursday following a
media report the United States and China have tentatively
agreed to a truce in their trade war, ahead of a
closely-watched meeting between the two nations this
weekend. MKTS/GLOB
WORLD OIL PRICES
Oil fell on Thursday, erasing some of the previous session's
strong gains, as traders await the G20 summit in Japan and a
meeting of OPEC and other oil producers to decide on an
extension of output cuts. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed on Wednesday as risk appetite
improved after comments from the U.S. Treasury Secretary
suggesting progress in a trade deal with China, offsetting
disappointment about the size of potential U.S. interest
rate cuts. NIGERIA OIL
Outages at North Sea oilfields have helped put competing
Nigerian oil on pace to arrive in Europe at the highest
levels in seven months in June, according to Refinitiv Eikon
data and traders. NIGERIA SECURITY
Islamist insurgents killed at least 20 civilians in a
northeast Nigerian village, a government-allied vigilante
who helped evacuate corpses and a security source said on
Wednesday. KENYA MARKETS
The Kenyan shilling KES= was seen under pressure on
Wednesday due to end month dollar demand from the energy and
manufacturing sector, traders said. KENYA ELECTRICITY
A Kenyan environmental tribunal delayed a licence for a
planned coal power plant in the coastal Lamu region on
Wednesday, saying the builders must submit a fresh
environmental study because they had failed to consult
residents. UGANDA MARKETS
The Ugandan shilling UGX= traded unchanged on Wednesday,
drawing support from some hard currency inflows from
exporters of coffee and other commodities. IVORY COAST POWER
Ivory Coast's power exports to neighbouring countries fell
by 12% last year to 1,078 gigawatt hours (Gwh), utility Cie
CIE.CI said on Wednesday. SECURITY
Dozens of people were killed in fighting during a foiled
coup by a rogue state militia in Ethiopia's Amhara region at
the weekend, the regional government spokesman said on
Wednesday, the first official report of significant
clashes. ECONOMY
Zimbabwe's central bank has reassured gold companies and
people receiving money transfers that they will still be
able to receive foreign currency in their bank accounts
after a ban takes effect in shops. DRUGS
Senegal on Wednesday seized 238 kg of cocaine hidden inside
four new cars on a ship travelling from Brazil to Angola,
the customs authority said, the latest in a series of large
seizures off the West African coast this year. MOROCCO ECONOMY/PORTS
Morocco will open new terminals at Tanger Med port on
Thursday, allowing it to surpass the Mediterranean's largest
ports Algeciras and Valencia in terms of container capacity,
and drive more investment and manufacturing to the
country. STAMPEDE
At least 15 people were killed and 75 wounded in a stampede
at a stadium after a military parade in Madagascar's capital
on Wednesday to mark the country's independence day,
authorities said. ELECTION
Three losing candidates in Mauritania's presidential
election lodged an appeal late on Tuesday alleging
irregularities in the vote, won by the ruling party that has
positioned itself as an ally of the West against Islamist
militants. the latest precious metals report click on GOL/
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