NAIROBI, Feb 24 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
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GLOBAL MARKETS
Bond markets steadied, the U.S. dollar fell and stocks edged
ahead on Wednesday after central banks from Washington to
Wellington vowed to keep monetary policy loose for a long
time, giving investors enough confidence to seek out riskier
assets. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell in early trade on Wednesday after industry
data showed U.S. crude inventories unexpectedly rose last
week as a deep freeze in the southern states curbed demand
from refineries that were forced to shut. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
The South African rand gained sharply on Tuesday afternoon
after Federal Reserve Chair Jerome Powell said the U.S.
economy needed support for "some time," comments that hurt
the dollar. MARKETS
Kenya's shilling KES= weakened slightly on Tuesday on
strong end-of-month demand for dollars from importers across
all sectors, traders said. ELECTIONS
Ruling party candidate Mohamed Bazoum was declared the
winner of Niger's presidential election on Tuesday while his
opponent alleged fraud and opposition supporters burned
tyres in the streets. COPPER
Zambia produced 882,061 tonnes of copper in 2020, up 10.8%
from 796,430 tonnes produced in 2019, Mines Minister Richard
Musukwa said on Tuesday, calling it a "historical high" for
Africa's second-largest copper producer. LOANS
The International Monetary Fund said on Tuesday it had
agreed a blueprint for the completion of reviews of
Ethiopia's loan programme, taking account of the impact of
the coronavirus and the country's "domestic security
situation". IVORY COAST COMMODITIES
Ivory Coast's new agricultural commodities exchange will
begin operations late next month by listing of raw cashew
nuts, kola nuts and corn, its chief executive said on
Tuesday. AFRICA VACCINE
The African Export-Import Bank (Afrexim) has approved $2
billion to support the acquisition of COVID-19 vaccines for
African countries, its president said on
Tuesday. ELECTIONS
The United States is looking at "a range of targeted
options" to hold accountable Ugandan security forces who it
deemed responsible for abuses against opposition candidates
and civil society, State Department spokesman Ned Price said
on Tuesday. For the latest precious metals report click on GOL/
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