NAIROBI, Aug 28 - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.
GLOBAL MARKETS
Longer-dated Treasury yields and the dollar rose in Asia on Friday after the U.S. Federal Reserve shifted its policy framework to place more emphasis on boosting economic growth and less on worries about letting inflation run too high.
OIL PRICES
Oil prices fell on Friday as a massive storm raced inland past the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries.
SOUTH AFRICA MARKETS
South Africa's rand weakened on Thursday as the dollar gained after the Federal Reserve said it would roll out an aggressive new strategy that aims to lift U.S. employment and inflation.
MARKETS
The Kenyan shilling was steady on Thursday, but demand from importers for dollars was keeping it on the defensive, traders said.
ECONOMY
Nigeria might fall into recession in the third quarter, the head of the country's budget office said on Thursday, citing the impact of low oil prices and the coronavirus pandemic on Africa's largest economy.
MARKETS
Nigeria's central bank plans to resume dollar sales to retail currency operators by the end of the month, just as its airports reopen for international travel, it said on Thursday.
MINING
Glencore (GLEN.L) will likely sell its entire 73.1% stake in Zambia's Mopani Copper Mines to the government's mining investment arm ZCCM-IH rather than becoming a minority stakeholder, two sources with direct knowledge told Reuters.
OIL
Africa's second-biggest oil exporter, Angola, has unveiled a 2020-2025 energy roadmap which foresees oil discoveries of up to 57 billion barrels of crude oil and 27 trillion cubic feet of gas, state news agency ANGOP reported.
COFFEE
Uganda's coffee exports rose 17.2% in July from the same month last year, boosted by output from maturing new coffee trees and easing coronavirus restrictions, the sector regulator said on Thursday.
FLOODING
Flood waters in Sudan have reached the highest levels on record, killing dozens of people, destroying thousands of homes and encroaching on some neighbourhoods of the capital Khartoum.