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 as investors
struggled to balance hopes for more economic stimulus and
vaccines with anxiety over a surge in COVID-19
infections. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Tuesday, adding to losses from the
previous session that came as California tightened its
pandemic lockdown through Christmas and coronavirus cases
continued to surge in the United States and
Europe. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand strengthened on Monday, resuming a
recent rally that has pushed it to pre-pandemic levels, with
investors lured back into risk assets by progress in
COVID-19 vaccines and hopes of further stimulus in the
United States. BANKS
Nigerian banks will on Friday commence dollar payout for
diaspora inflows and close naira remittance accounts after
the regulator eased money transfer rules to try to boost
forex liquidity in the country, the central bank said on
Thursday. MARKETS
The Kenyan shilling KES= traded stable on Monday but was
seen coming under some pressure on the back of an expected
rise in appetite for hard currency from firms looking to
settle year-end obligations, traders said. CONFLICT
Ethiopia's government denied on Monday that northern forces
whom its troops have fought for a month would be able to
mount a guerrilla insurgency, while diplomats said a United
Nations team was shot at while trying to visit a refugee
camp. MARKETS
The Ugandan shilling UGX= traded stable on Monday amid
receding appetite for hard currency from both merchandise
importers and players in the interbank market. ELECTION
Ghanaians voted on Monday in what is expected to be a close
race between President Nana Akufo-Addo and his main rival
John Mahama, who are offering competing plans to end an
economic crisis. COAST COCOA
Ivory Coast cocoa grinders processed 98,000 tonnes of beans
by the end of November, up from 96,000 tonnes over the same
period last season, data from exporters' association GEPEX
showed on Monday. POLITICS/RELIGION
Eritrea has released 28 members of the Jehovah's Witnesses
group after they served prison terms of up to 26 years, the
Christian denomination said in a statement seen by Reuters
on Monday. ELECTION
Allies of former Congolese leader Joseph Kabila on Monday
rejected President Felix Tshisekedi's move to end his
governing coalition with them, setting up a stark test of
Tshisekedi's political strength and sparking clashes in the
capital. MINING/STRIKE
Workers at Resolute Mining's RSG.AX Syama gold mine in
Mali launched a five-day strike on Monday in a dispute over
policy on COVID-19, although some production has continued,
the head of Syama's union told Reuters. MINING
State-owned Morupule Coal Mine (MCM) will boost annual
output by 35% to 3.8 million tonnes a year in 2021 after
completion of a new open-cast mine under construction in the
central region of Botswana, it said on Monday. the latest precious metals report click on GOL/
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