NAIROBI, Sept 26 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Thursday.
- - - - -
EVENTS:
*UK court to rule on Nigerian effort to stop $9bln
arbitration award. Nigeria is asking UK courts to stop
enforcement of an August court ruling that would put $9
billion of its assets at risk of seizure over an unpaid
arbitration bill related to a failed gas project.
* Ethiopia to hold press conference on progress of
privatisation of state-owned companies. Ethiopia has
previosuly announced it would sell its minority stake in the
state-run telecoms operator Ethio Telecom.
* South Africa Q2 formal employment numbers. Statistics
South Africa to release non-agriculture sector employment
numbers for the three months to end June.
GLOBAL MARKETS
Asian stocks rose on Thursday as hopes the United States and
China may soon end their year-long trade war boosted demand
for riskier assets while worries about a U.S. presidential
impeachment bid ebbed. MKTS/GLOB
WORLD OIL PRICES
Oil prices held nearly flat on Thursday after U.S. President
Donald Trump said a resolution to the China-U.S. trade rift
would come sooner than expected, helping to stave off
pressure from rising oil supplies and worries about global
growth. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA FDI
South Africa saw larger foreign direct investment (FDI)
inflows in the second quarter than the first quarter as
domestic firms received debt and equity funding from foreign
parent companies, central bank data showed on Wednesday.
KENYA BANKING
Kenya's parliament on Wednesday rejected a Finance Ministry
request to scrap commercial lending rate caps that critics
say have led to a credit squeeze, a lawmaker who was present
during a vote on the 2019/20 (July-June) fiscal budget said.
SIBANYE-STILLWATER LAYOFFS
South African miner Sibanye-Stillwater SGLJ.J said on
Wednesday it planned to cut around 5,270 jobs, or about 6%
of its workforce, as it restructures its loss-making
Marikana operations that it acquired this year. KENYA JAMBOJET
Kenya's first low-cost airline, Jambojet, plans to more than
double its annual passengers to 1.5 million in the next
three years by opening new routes in East Africa and flying
planes more often, its chief executive said on Wednesday.
SOUTH AFRICA MARKETS
South Africa's rand weakened on Wednesday after the launch
of a formal impeachment inquiry against U.S. President
Donald Trump rattled global markets. ARCELORMITTAL ASSET REVIEW
ArcelorMittal's South Africa unit ACLJ.J said on Wednesday
it may close some operations pending a review as it looks to
strengthen its long-term sustainability and battle cheap
imports, rising costs and a flagging local economy.
SOUTH AFRICA CLOVER
South Africa's Competition Tribunal on Wednesday approved
dairy firm Clover Industries Ltd's CLRJ.J takeover by Milco
SA, a consortium headed by Israeli beverage firm Central
Bottling Company (CBC), for 4.8 billion rand ($319.5
million). For the latest precious metals report click on GOL/
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For the latest crude oil report click on O/L