The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Monday.
- - - - -
EVENTS:
*Turkish President Tayyip Erdogan visits Africa
*Kenya's central bank sets benchmark lending rate
*Court hearing set for Tanzania's jailed journalist Erick
Kabendera
GLOBAL MARKETS
Stocks tumbled on Monday as investors grew increasingly
anxious about the economic impact of China's spreading virus
outbreak, with demand spiking for safe-haven assets such as
the Japanese yen and Treasury notes. MKTS/GLOB
WORLD OIL PRICES
Crude prices fell more than 2% to multi-month lows on Monday
as the rising number of cases of the new coronavirus in
China and city lockdowns there deepened concerns over oil
demand, even as Saudi Arabia's energy minister sought to
calm the market. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
The South African rand was little changed on Friday, as
global markets steadied after an outbreak of coronavirus in
China. RATES
Nigeria's central bank raised the cash reserve ratio for
banks for the first time in four years to curb excess
liquidity on the banking system, which it said is
contributing to inflation, Governor Godwin Emefiele said on
Friday. MARKETS
The Kenyan shilling KES= was firm on Friday amid thin
dollar demand with most market players staying on the
sidelines ahead of the central bank's monetary policy
committee meeting on Monday, traders said. MARKETS
The Ugandan shilling UGX= held firm against the dollar on
Friday, supported by hard currency inflows from charities
and offshore investors into government securities.
CONGO DEBT
Congo Republic's public debt could be more than one-third
higher than the International Monetary Fund estimated when
it awarded a bailout last year because of liabilities held
by the state oil company, environmental and rights group
Global Witness said on Monday. ECONOMY
Zimbabwe's central bank has frozen an account of a Chinese
company it accused of manipulating the local currency, which
lost ground against the dollar on the black market this
week. POLITICS
Burundi's ruling party, the CNDD-FDD, on Sunday picked
secretary general Evariste Ndayishimiye as its candidate in
a presidential election scheduled for May. SECURITY
About 20 soldiers were killed in a pre-dawn attack on an
army camp in central Mali on Sunday, the government
said. the latest precious metals report click on GOL/
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