NAIROBI, Oct 18 - 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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EVENTS:
IMF publishes regional economic outlook for sub-Saharan
Africa
GLOBAL MARKETS
Asian stocks stumbled on Friday after China posted its
weakest growth in nearly three decades, countering a global
lift in sentiment on the UK and European Union striking a
long-awaited Brexit deal. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Friday after China, the world's largest
oil importer, recorded its weakest quarter of economic
growth in nearly three decades, dragged down by a trade
dispute with the United States. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed on Thursday after the country's
cabinet approved the promulgation of its long-delayed plan
for electricity generation amid nationwide power cuts by
state utility Eskom. ECONOMY
Nigerian President Muhammadu Buhari has ordered a close
audit of the government organization set up in 2000 to
develop the oil-rich but stubbornly poor Niger Delta region.
MARKETS
Kenyan bank shares surged on Thursday after President Uhuru
Kenyatta asked parliament to repeal a cap on commercial
lending rates before he can sign off the 2019/20 (July-June)
government budget, Refinitiv data showed. L5N27236R
The Kenyan shilling KES= was stable against the dollar on
Thursday supported by tightening liquidity in the local
money market as banks cut their long dollar positions to
meet local reserve ratio requirements, traders said.
ANGOLA OIL PRIVATISATION
Angola is hoping sweeping economic reforms will smooth an
ambitious plan to sell key state assets, including stakes in
oil company Sonangol, a share of Puma Energy and more than
100 other enterprises. TELECOM
Ethiopia's state-run Ethio Telecom saw total revenues rise
21% in the first quarter of its fiscal year compared with
the same period a year earlier, the company said on
Thursday, showing healthy growth as it prepares for foreign
competition. CRASH
Lawyers representing families of passengers killed in a
Boeing 737 MAX crash in Ethiopia in March are set to issue
subpoenas to Southwest Airlines LUV.N and American Airlines
AAL.O, according to documents seen by Reuters. CONGO CORRUPTION
Swiss federal prosecutors have found oil trader Gunvor Group
criminally liable for corruption in Congo Republic and Ivory
Coast, ordering it to pay almost 94 million Swiss francs
($94.8 million), the Swiss Attorney General's Office said on
Thursday. For the latest precious metals report click on GOL/
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