Lumen Technologies hires Sean Alexander as head of Connected Ecosystems
NAIROBI, Feb 3 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Monday.
- - - - -
EVENTS:
*MALAWI - The constitutional court expected to deliver a
ruling in a case brought by opposition parties against the
electoral commission's declaration of incumbent Peter
Mutharika as the winner of a May 2019 presidential election.
GLOBAL MARKETS
Asian shares stumbled on Monday, oil skidded and commodities
on Chinese exchanges plunged on their first trading day
after a long break on fears the coronavirus epidemic will
hit demand in the world's second-largest economy.
MKTS/GLOB
WORLD OIL PRICES
Oil prices extended their losses on Monday, dragged down by
worries about lower demand in China, the world's largest oil
importer, following a coronavirus outbreak
there. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand kept tumbling on Friday, sliding to a
new 12-week low after the World Health Organization declared
the coronavirus a global emergency, compounding local
economic issues faced by the currency. PETROLEUM
Lawyers representing former Nigerian oil minister Dan Etete
told Reuters on Friday it was "incredible" that a court had
issued a warrant for his arrest in relation to a $1.3
billion oil deal scandal nine years after it was
struck. AFRICA TRAVEL BANS
Eritrea denounced a U.S. ban on immigrant visas for its
citizens as "unacceptable" on Saturday, while Nigeria's
government said it had created a committee to address the
issues that prompted U.S. President Donald Trump to add the
country to the ban. MARKETS
The Kenyan shilling KES= was firm on Friday helped by
inflows from offshore investors buying government debt amid
thin dollar demand from the energy sector, traders
said. EAST AFRICAN BREWERIES EARNINGS
Kenya's East African Breweries (EABL) EABL.NR posted a 9%
jump in pretax profit to 10.6 billion shillings ($105.21
million) for its first half to the end of December, it said
on Friday. AFRICAN AIRLINES CHINA TRAVEL
Kenya Airways KQNA.NR and RwandAir said on Friday that
they had suspended all flights to and from China until
further notice after a virus outbreak killed more than 200
people in China and spread to 18 countries. REPUBLIC OF CONGO SECURITY
Suspected Islamist militants killed at least 62 civilians in
a series of attacks this week in eastern Democratic Republic
of Congo, where the army is waging a counter-insurgency
campaign against the rebels, the government said on
Saturday. DAM
Ministers from Egypt, Ethiopia and Sudan said on Friday a
final agreement will be signed by the end of February on the
giant Blue Nile hydropower dam that sparked a years-long
diplomatic crisis between Cairo and Addis Ababa. PETROLEUM
Exxon Mobil Corp XOM.N and Total TOTF.PA have asked
Mozambique to send more troops to guard their operations in
the far north after a surge of attacks by Islamist
militants, an industry source and two security consultants
said. the latest precious metals report click on GOL/
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