Bullish indicating open at $55-$60, IPO prices at $37
The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Tuesday.
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GLOBAL MARKETS
Asian stocks came under pressure on Tuesday following a
mixed Wall Street session, as concerns about increasing
COVID-19 deaths, infections and lockdowns overshadowed
optimism about the start of coronavirus
vaccinations. MKTS/GLOB
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EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed against the dollar early on
Monday, as progress on the rollout of a COVID-19 vaccine
lifted riskier assets globally. MARKETS
Usama Aminu was one of the lucky ones. He managed to escape
when gunmen abducted more than 300 pupils from his school in
northwestern Nigeria. MARKETS
The Kenyan shilling KES= was stable against the dollar on
Monday as demand for hard currency remained subdued amid
slow activity as companies closed down for festive season,
traders said. SECURITY
An attack blamed on Boko Haram killed 28 people and burned
800 homes in an attack in Niger's Diffa region on Saturday,
Nigerien authorities and the United Nations
said. REPO RATE
Uganda's central bank on Monday maintained its benchmark
rate at 7%, extending its loose policy stance to keep credit
flowing faster and jumpstart an economy battered by the
effects of the coronavirus outbreak. CONFLICT
Ethiopia sent civil servants in Tigray back to work on
Monday and ordered gun owners to disarm as Prime Minister
Abiy Ahmed's government sought to restore normality in the
northern region after weeks of war. MINING
Zambia expects to produce 1 million tonnes of copper in 2021
thanks to growing demand for a metal that is used in
electric vehicles, improving prices and more small mines
coming into production, the government said on
Monday. INSURGENCY
At least 400,000 people have fled militant attacks in
northern Mozambique, the United Nations refugee agency said,
warning that the crisis could quickly spread beyond the
country's borders if regional neighbours did not help tackle
the insurgency. COAST POLITICS
Ivory Coast's newly re-elected president Alassane Ouattara
has promised to establish a ministry of reconciliation and
begin discussions with opposition parties after a disputed
election marred by violence killed 85 people. For the latest precious metals report click on GOL/
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