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African Markets - Factors to watch on Jan. 25

Published 25/01/2021, 05:57
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The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.

GLOBAL MARKETS

Asian shares rose on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by expectations of a $1.9 trillion fiscal stimulus plan to help revive the U.S. economy. 

WORLD OIL PRICES

Oil prices slipped for a second straight session on Monday as renewed COVID-19 lockdowns raised fresh concerns about global fuel demand. 

SOUTH AFRICA MARKETS

South Africa's rand weakened on Friday, as a rally in riskier assets driven by hopes of U.S. economic stimulus faded, while stocks also fell.

KIDNAPPING

Pirates off Nigeria's coast kidnapped 15 sailors from a Turkish container ship in the Gulf of Guinea on Saturday in a brazen and violent attack that was farther from shore than usual.

MARKETS

The Kenyan shilling (KES=) edged down on Friday as energy importers tested the market ahead of the end of the month when they require hard currency to meet their obligations.

CORONAVIRUS

Zambia has been allocated 8.7 million doses of the 270 million COVID-19 vaccines secured this month by the African Union (AU), and this may rise to 25 million doses by December 2021, the Zambian mission at the AU said on Sunday.

CYCLONE

Severe winds and heavy rains wrecked thousands of buildings, ruined crops and displaced almost 7,000 people in Mozambique over the weekend, officials said in their first detailed report on the disaster.

CONFLICT

The young coffee seller said she was split from family and friends by an Ethiopian soldier at the Tekeze river, taken down a path, and given a harrowing choice.

AFRICAN REPUBLIC WAR CRIMES

The International Criminal Court on Sunday said it had taken into custody a former Central African Republic commander of the "Seleka" faction suspected of war crimes and crimes against humanity.

SECURITY

Gunmen in Mali killed at least six soldiers and wounded 18 others in two coordinated attacks in the centre of the African nation on Sunday morning, an army spokesman said. 

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