NAIROBI, Aug 7 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Friday.
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GLOBAL MARKETS
Asian shares tumbled on Friday after U.S. President
Donald Trump ratcheted up already-heightened tensions with
Beijing by banning U.S. transactions with China's tech giant
Tencent (HK:0700) 0700.HK as well as ByteDance, the owner of
video-sharing app TikTok. MKTS/GLOB
WORLD OIL PRICES
Oil prices slipped on Friday, adding to losses in the
previous session, on worries that fuel demand growth will
drop amid a resurgence of coronavirus cases and as talks
have stalled in the United States on a new stimulus
deal. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand fell to its lowest in 10 weeks on
Thursday, as investors' risk appetite dwindled and the
dollar found some support after data showed U.S. jobless
claims fell slightly in the latest week. AFRICA TELCOM
South African mobile operator MTN Group MTNJ.J will exit
the Middle East in the medium term, it said on Thursday,
starting with the sale of its 75% stake in MTN Syria, as
part of plans to focus on Africa. MARKETS
The Kenyan shilling KES= was stable on Thursday and
traders said they were watching portfolio inflows from
investors abroad to gauge its potential
direction. L8N2F82RV
AFRICA COVID-19
Africa's confirmed cases of COVID-19 have surpassed 1
million, a Reuters tally showed on Thursday, as the disease
began to spread rapidly through a continent whose relative
isolation has so far spared it the worst of the
pandemic. COAST PRESIDENT
Ivory Coast President Alassane Ouattara said on
Thursday he would seek re-election in October, formally
accepting the ruling party's nomination to be its candidate
and defying opponents who say the constitution forbids a
third term. PRESIDENT
Guinea's ruling party on Thursday nominated President
Alpha Conde to stand for a third term, taking advantage of a
new constitution to circumvent a two-term limit on
presidential mandates. the latest precious metals report click on GOL/
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