NAIROBI, Aug 9 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Friday.
- - - - -
GLOBAL MARKETS
Asian shares on Friday caught the tail of a Wall Street
rally aided by China's solid export figures and a
stabilisation in the yuan, but fresh concerns about
Sino-U.S. trade ties capped the region's gains. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Friday amid fears over demand as the
U.S-China trade row casts its shadow over markets, although
prices got some support from expectations of more OPEC
production cuts. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand rose in early trade on Thursday,
steadying after a week-long losing run that saw it sink to a
11-month low in the previous session. MARKETS
The Kenyan shilling KES= held steady against the dollar on
Thursday with inflows from diaspora remittances and offshore
investors buying government debt easing pressure from excess
liquidity in the local money market, traders
said. GROUP
Kenyan lender KCB Group's KCB.NR takeover of state-backed
National Bank of Kenya NBK.NR will go ahead if its offer is
accepted by 75% of National's shareholders, the markets
regulator said on Thursday. AFRICA COURTS
South African President Cyril Ramaphosa won a court case
against the anti-corruption watchdog on Thursday over a
matter concerning ally Pravin Gordhan, ahead of a fresh
battle over findings against the president himself.
GROUP
MTN Group Ltd MTNJ.J is on track to meet a divestment target
set in March after raising $140 million from asset sales
that will slim down Africa's largest mobile phone operator
and refocus it on high-growth markets. BANK
Africa's largest bank by assets, Standard Bank SBKJ.J, is
considering entering new markets - possibly via acquisitions
- as its strategy to focus its resources on the continent
continues to pay off. For the latest precious metals report click on GOL/
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