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 shares advanced on Tuesday, putting world equities on
course to extend their bull run for a 12th consecutive
session as optimism about the global economic recovery and
expectations of low interest rates drive investments into
riskier assets. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose on Tuesday as a cold front shut wells and
refineries in Texas, the biggest crude producing state in
the United States, the world's biggest oil
producer. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed on Monday, hurdling the key
technical level of 14.50 on its way to a one-year best as
signs of a local economic rebound and continued stimulus in
the United States lifted demand for the
currency. WTO
Three months after the Trump administration rejected her,
former Nigerian finance minister Ngozi Okonjo-Iweala
received unanimous backing on Monday to become the first
woman and first African director-general of the World Trade
Organization. CURRENCY
The one-month forward contract on the Nigerian naira hit a
record low against the U.S. dollar on Monday after the spot
market on Friday eased to a record low. SHELL/ARBITRATION
Royal Dutch Shell RDSa.L has initiated international
arbitration against Nigeria over a dispute regarding an oil
spill that took place five decades ago, according to a
filing with the World Bank's dispute settlement
body. MARKETS
Kenya's shilling KES= was stable on Monday amid muted
importer dollar demand, traders said. ECONOMY/IMF
The International Monetary Fund and Kenya have reached a
staff-level agreement on a three-year $2.4 billion financing
package, the fund said on Monday. RATES
Uganda's central bank kept its key lending rate UGCBIR=ECI
at 7% on Monday, saying the pace of economic recovery had
lost momentum since its last monetary policy meeting in
December. MARKETS
The Ugandan shilling UGX= was little changed and traders
said they expected it to strengthen, helped by mid-month
corporate tax payments which have curbed appetite for
dollars. DISASTER
At least 60 people died when a passenger barge carrying more
than 700 people became shipwrecked on the Congo river at
night, Democratic Republic of Congo's humanitarian affairs
minister said on Monday. POLITICS
Congo President Felix Tshisekedi appointed the head of the
state mining company Sama Lukonde Kyenge as the new prime
minister on Monday, capping a series of victories for
Tshisekedi over his once-dominant predecessor Joseph
Kabila. EBOLA
Guinea is tracking down people who potentially had contact
with Ebola patients and will rush vaccines to the affected
area as soon as possible following at least three deaths
from the disease, Health Minister Remy Lamah said on
Monday. SECURITY
Cameroon has detained eight soldiers after a video emerged
over the weekend showing them in uniform torturing a victim
with a machete until he fell unconscious, the Central
African nation's defence ministry said on
Monday. LEONE MINING
England's High Court on Monday dismissed Sierra Leone's
challenge of a 2020 International Chamber of Commerce (ICC)
decision over claims by SL Mining after a dispute over its
iron ore mining operations in the country. CORONAVIRUS
Botswana will move ahead with plans to use AstraZeneca (NASDAQ:AZN)'s
AZN.L COVID-19 vaccine, the southern African country's
health minister said on Monday, despite neighbour South
Africa pausing the rollout of the shots. CORONAVIRUS
A plane carrying Zimbabwe's first coronavirus vaccines,
200,000 doses donated by China, arrived in the capital
Harare on Monday. COAST COCOA
Dry weather and heat last week in Ivory Coast's central
cocoa-growing regions threatened to reduce the quantity and
quality of the April-to-September mid-crop, farmers said on
Monday, while conditions remained good in other
regions. the latest precious metals report click on GOL/
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