TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
NAIROBI, Aug 10 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Monday.
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GLOBAL MARKETS
Asian stocks held tight ranges on Monday as worries over
flaring tensions between the United States and China weighed
on sentiment although signs of a recovery in industrial
activity in the world's second-largest economy capped
losses. MKTS/GLOB
WORLD OIL PRICES
Oil prices climbed on Monday, supported by Saudi
optimism on Asian demand and an Iraqi pledge to deepen
supply cuts, although uncertainty over a deal to shore up
the U.S. economic recovery capped gains. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand fell on Friday as the dollar
regained momentum and the country's stock market corrected
by over a percent, dragged down by bourse heavyweight
Naspers Ltd. AFRICA GOLD
South African gold miners are looking to cut debt and
boost dividends as bullion hits record highs, with analysts
and fund managers predicting a sectoral growth spurt over
the next two years amid rising investor
interest. Ashanti ANGJ.J said on Friday it would
consider paying a higher annual dividend after reporting a
more than 200% jump in first-half earnings, driven by higher
gold prices and a weaker local currency. MARKETS
The Kenyan shilling KES= weakened on Friday due to
high dollar demand from oil importers, traders said.
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MAURITIUS OIL SPILL
Fuel spilling from a Japanese bulk carrier that ran
aground on a reef in Mauritius two weeks ago is creating an
ecological disaster, endangering corals, fish and other
marine life around the Indian Ocean island, officials and
environmentalists say. BLAST
A huge blast rocked a military base in Somalia's capital
Mogadishu near a stadium on Saturday, killing at least eight
people and injuring 14, emergency workers said, and the
militant group al Shabaab claimed responsiblity. IVORY COAST THIRD TERM
Ivory Coast President Alassane Ouattara's decision to
run for a third term in office violates the constitution and
will destabilise a country still recovering from civil war,
his opponents said on Friday. SANCTIONS
The United States on Friday imposed sanctions on the
leader of a Central African Republic-based militia group,
the Treasury Department said, accusing the leader, Sidiki
Abass, of human rights abuse, including directly
participating in torture. PRISONS
Uganda has recorded a 10% increase in the number of
people in jail since March, a prison official told Reuters
on Friday, with thousands jailed for alleged violations of
coronavirus lockdown rules. For the latest precious metals report click on GOL/
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