TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
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 shares retreated from a record peak on Monday after a
Reuters report the United States was preparing to impose
sanctions on some Chinese officials highlighted geopolitical
tensions, while oil prices fell on surging virus
cases. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Monday as a continued surge in
coronavirus cases globally forced a series of renewed
lockdowns, including strict new measures in Southern
California in the United States, the world's top oil
consumer. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand edged firmer on Friday, capping a week
of gains spurred by progress globally on a COVID-19 vaccine
and investor bets on further stimulus in the United
States. ELECTION
Ghanaians vote in elections on Monday in which President
Nana Akufo-Addo and former president John Mahama offer rival
promises to help the economy rebound from its first
quarterly contraction in nearly 40 years. MARKETS
The Kenyan shilling KES= edged up against the dollar on
Friday on market expectations that demand for hard currency
will taper off towards the holiday season. PIPELINE
Uganda has granted environmental approval for a $3.5 billion
pipeline to export crude oil from western fields to the
Indian Ocean coast in Tanzania, despite pressure from lobby
groups. BUDGET
Zambia's finance minister Bwalya Ng'andu on Friday presented
a 6.31 billion kwacha ($300.26 million) supplementary budget
for 2020, which he said would mostly be funded by unrealised
savings from unspent provisions. ELECTION
Scattered violence marred Cameroon's first ever election to
appoint regional councils on Sunday, with one voter killed
by separatist insurgents in the English-speaking Northwest
region. CONFLICT
Ethiopia's northern Tigray region is too volatile for aid to
reach hundreds of thousands of civilians in need,
humanitarian workers said on Sunday, amid reports of
persistent fighting, looting and lawlessness. SECURITY
One of the army officers behind an August coup in Mali was
named on Saturday to lead a new transitional legislative
body, a spokesman for the authorities said. the latest precious metals report click on GOL/
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