NAIROBI, April 27 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
GLOBAL MARKETS Asian shares bounced on Monday as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact of the coronavirus, while oil took another spill as the world ran short of space to store it all.
WORLD OIL PRICES Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic
SOUTH AFRICA MARKETS South Africa's rand rallied on Friday as markets cheered President Cyril Ramaphosa's move to open parts of the economy next month at the end of a five-week coronavirus lockdown, although some worries lingered about the details of the plan.
CENTRAL BANK Nigeria's central bank has collected 1.4 trillion naira ($3.9 billion) from banks with excess cash holdings as part of measures to support the currency, banking sources told Reuters.
MARKETS The Kenyan shilling KES= was under pressure on Friday due to uptick in dollar demand from the energy and telecommunications sector amid little foreign currency inflows to offer support, traders said.
BANKS Egypt's Commercial International Bank (CIB) COMI.CA has acquired a 51% stake in Kenya's Mayfair Bank, the Kenyan central bank said on Friday, the latest in a string of deals in the East African nation's banking sector.
OIL Angolan state oil company Sonangol said on Friday it has opened a public tender to sell its stakes in some private firms as part of a government bid to privatise key state assets including parts of Sonangol itself by 2022.
ECONOMY Botswana's economy will shrink by around 13% this year while its budget deficit balloons due to the impact of the coronavirus on its diamond industry, Finance Minister Thapelo Matsheka said on Friday.
BUDGET Zambia's budget has been thrown into disarray by the economic blow from the coronavirus outbreak and the government needs to take action to support businesses, President Edgar Lungu said on Friday.