Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

African Markets - Factors to watch on April 8

Published 08/04/2021, 06:39
Updated 08/04/2021, 06:42
© Reuters.

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.

GLOBAL MARKETS
Asian share markets lagged on Thursday as U.S. stock futures nudged to another record high after the Federal Reserve underlined its commitment to keeping policy super loose even as the economy enjoys a rapid recovery. 

SOUTH AFRICA MARKETS
South Africa's rand edged lower on Wednesday in cautious trade as investors awaited local and international signals with little to drive a move in either direction.

OIL
Nigeria's oil and gas regulator has revoked four licences held by Addax Petroleum, it said in a statement on Wednesday, a highly unusual move for licences with producing assets.

EUROBONDS
Nigeria is working on issuing eurobonds and plans to pick advisers through an open bid process, the head of the debt office told Reuters on Wednesday.

CORONAVIRUS
Nigeria has directed its 36 states and federal capital territory to stop giving first doses of AstraZeneca (NASDAQ:AZN) AZN.L COVID-19 vaccines once they use half their current stock in order to safeguard supply for the second dose, its health minister said.

MARKETS
Kenya's shilling KES= strengthened further on Wednesday helped by subdued importer demand, remittances and commercial banks offloaded long dollar positions, traders said.

PRESS
Tanzania revised a decision to lift a ban on all media in the country, clarifying that only online television would benefit from the measure, a government spokesman said in a tweet on Wednesday.

MARKETS
The Ugandan shilling UGX= trader stronger on Wednesday on the back of flat importer appetite for hard currency and inflows from exporters of commodities like coffee, tea and others.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

INSURGENCY
Mozambique has told the international community what support it needs to deal with an Islamic State-linked insurgency, but for reasons of sovereignty it will tackle some aspects of the problem unassisted, its president said on Wednesday.

FRANCE
France will open the Rwanda archives of former French president Francois Mitterrand, as part of an effort to better understand the nation's role in the African country during its 1990s genocide, President Emmanuel Macron's office said on Wednesday.

ENI
Italian energy group Eni ENI.MI plans to spend around $7 billion in Angola over the next four years along with its partners in a country it sees as key to its future growth strategy.

COAST POLITICS
Former Ivory Coast President Laurent Gbagbo and one of his close allies have permission to return home following their acquittal on charges of crimes against humanity at the International Criminal Court, President Alassane Ouattara said on Wednesday.

TOBACCO
Zimbabwe expects sales of tobacco, its biggest agricultural export, to increase by 8.7% this year after the southern African country received its highest rainfall in three years, the industry regulator said on Wednesday. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.