Bullish indicating open at $55-$60, IPO prices at $37
NAIROBI, Jan 11 (Reuters) - 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 took a breather on Monday while Treasury yields were
at 10-month highs as "trillions" in new U.S. fiscal stimulus plans
were set to be unveiled this week, stoking a global reflation
trade. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Monday on renewed concerns about global fuel
demand amid strict coronavirus lockdowns in Europe and new movement
restrictions in China, the world's second-largest oil user, after a
jump in cases there. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed against the dollar on Friday, recovering
ground after a torrid week in which the country recorded a peak in
daily COVID-19 infections and doubts over its vaccine supplies came
to the fore. PETROLEUM
Shareholders of London-listed Nigerian oil company Lekoil LEK.L
voted on Friday to approve an investor's bid to add three members
to the company's board, in the culmination of a bitter dispute
between its founder and its biggest shareholder. MARKETS
he Kenyan shilling KES= was stable on Friday as demand for
dollars from importers was subdued, traders said, while there was
minimal inflows from exporters. POLITICS
Uganda has space in its prisons to cope with any spike in arrests
during this week's presidential election and the police beat
reporters for their own good, senior security officials said on
Friday. DEBT
Tanzanian President John Magufuli on Friday requested China to
forgive some of the East African nation's debts, including one
incurred 50 years ago for the construction of a railway to
neighbouring Zambia. CONFLICT
Ethiopia's military said on Sunday it had killed 15 members of the
Tigray region's former ruling party and captured eight others,
according to state-run TV. DAM
Negotiations between Ethiopia, Sudan and Egypt, in a long-running
dispute over the Grand Ethiopian Renaissance Dam (GERD) on the Blue
Nile, have reached a new impasse, the three countries said on
Sunday. CENTRAL BANK
Zimbabwe's central bank on Friday reversed a decision to force
exporters, including mining companies, to sell a large portion of
their dollar earnings if they were not used after 60
days. MINING
Zimbabwe's unlisted Kuvimba Mining House is seeking to raise $1
billion for its gold and platinum projects, including a gold mine
that could produce 150,000 ounces a year, as well as exploration,
its chief executive officer said on Friday. MINING
Glencore said on Friday it was in final-stage negotiations over a
potential sale of its majority stake in Mopani Copper Mines to
Zambia's mining investment arm ZCCM-IH. the latest precious metals report click on GOL/
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