The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
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GLOBAL MARKETS
Asian shares wobbled on Friday as investors were reluctant
to make big bets ahead of key central bank policy meetings
next week against the backdrop of slowing global growth,
while sterling extended its slide on a fresh bout of Brexit
anxiety. MKTS/GLOB
WORLD OIL PRICES
Oil prices declined on Friday after three straight days of
gains, as gloomy economic growth forecasts renewed concerns
over the outlook for demand. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand traded marginally weaker on Thursday, in
line with global currency markets ahead of some important
central bank meetings, and in the absence of new signals
from the Sino-U.S. trade war and the Brexit
saga. OIL
Nigeria's state oil firm signed a memorandum of
understanding with Russian oil company Lukoil for potential
cooperation in oil production, trading and refining, Lukoil
said on Thursday. MARKETS
The Kenyan shilling KES= gained ground on Thursday,
supported by dollar inflows from offshore investors buying
government bonds and tightening liquidity in the local money
markets, traders said. SAFARICOM
Kenya's top telecoms operator Safaricom SCOM.NR named
Peter Ndegwa as chief executive, ending a three-month search
for a leader following the death of long-time head Bob
Collymore. PORTS
Kenya's port of Mombasa will spend 20 billion shillings
($193 million) to modernise four berths to handle both
container cargo and goods not packed in containers, the head
of the state port operator said. MARKETS
The Ugandan shilling UGX= was stable on Thursday but was
expected to weaken due to increased dollar demand from the
manufacturing and energy sectors, traders said. CURRENCIES
Kenya's shilling is forecast to gain ground against the
dollar in the next week to Thursday, while Uganda's currency
will weaken and Nigeria's naira will be stable, traders
said. ECONOMY
Ghana's economic growth is expected to rise to around 7%
this year from 6.3% in 2018, boosted by its extractive
industries, the International Monetary Fund said on
Thursday. POLITICS
Prominent Ethiopian activist Jawar Mohammed called for calm
on Thursday amid protests that have killed 16 people and are
challenging Nobel Prize-winning Prime Minister Abiy Ahmed in
his political heartland. DAM/EGYPT
Egypt and Ethiopia's leaders agreed on Thursday to the
immediate resumption of the work by a technical committee
trying to agree on the operating terms of the Grand
Ethiopian Renaissance Dam (GERD), an Egyptian presidency
spokesman said. CENTRAL BANK
Angola's central bank has raised the rate of cash commercial
lenders are required to hold in reserve, a move to ease
inflation and stabilise the currency that was welcomed by
analysts and markets. POWER
Zimbabwe's state-owned electricity distributor, grappling
with drought and ageing equipment, said on Thursday it will
disconnect mines, farms and other users as it looks to
recover $77 million in unpaid bills. RWANDA
Russian state atomic company Rosatom has signed a deal with
Rwanda to build a centre of nuclear science and
technologies, the Russian company said on Thursday, as it
seeks to expand in Africa. the latest precious metals report click on GOL/
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