Gold prices rise from 2-wk low with focus on Russia-Ukraine, Jackson Hole
NAIROBI, April 29 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
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GLOBAL MARKETS
Asian shares rose for a third session on the trot on Wednesday
as investors took heart from easing coronavirus lockdowns in
some parts of the world while oil prices jumped on hopes demand
will pick up. MKTS/GLOB
WORLD OIL PRICES
U.S. oil prices jumped on Wednesday, trimming some of this
week's losses, after U.S. stockpiles rose less than expected and
on expectations demand will increase as some European countries
and U.S. cities moved to ease coronavirus
lockdowns. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
The South African rand firmed on Tuesday as risk sentiment
globally improved, spurred by stimulus measures and talk by
leaders around the world about easing lockdown
measures. OIL
June export programmes for Nigeria's crude oil grades began to
emerge on Tuesday after a delay as producers wrangled with the
state firm NNPC on how to cut production in line with OPEC
targets, traders and loading programmes showed. IMF
The International Monetary Fund said on Tuesday its executive
board approved $3.4 billion in emergency financial assistance
for Nigeria to support the oil exporter's response to the
coronavirus pandemic. MARKETS
The Kenyan shilling KES= lost some ground on Tuesday due to
end-month dollar demand from oil importers and manufacturers,
traders said. ECONOMY
Kenya's economic growth could decline to 2.5% in 2020, but may
go lower to 1.8%, compared with 5.4% growth a year earlier,
Finance Minister Ukur Yatani said on Tuesday, as key sectors of
the economy suffer the effects of the coronavirus
outbreak. MINING
Mali's parliament on Tuesday approved a new code that eliminates
mining companies' value added tax exemptions during production
and shortens the period during which they are protected from
fiscal changes to 20 years, a lawmaker told Reuters. IVORY COAST POLITICS
Guillaume Soro, the former rebel leader running for president in
Ivory Coast, was convicted in absentia on Tuesday of
embezzlement and sentenced to 20 years in prison, a verdict
likely to exclude him from October's election. ALCOHOL
Namibian police reported on Tuesday a jump in people smuggling
beers and whisky from neighbouring Angola and Zambia, using
illegal border crossings to beat a ban on alcohol sales that is
part of the country's plan to slow the spread of
coronavirus. the latest precious metals report click on GOL/
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