Lumen Technologies hires Sean Alexander as head of Connected Ecosystems
The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Thursday.
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GLOBAL MARKETS
Asian stocks slipped while gold and bonds were in demand on
Thursday as worries about the spread of a new virus from
China sent investors heading for
safety. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Thursday as the death toll from the new
virus in China climbed to 170 and more airlines cancelled
flights to the country's major cities, while rising U.S.
crude inventories added to the negative
tone. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand weakened on Wednesday, reversing gains
from the previous session in another day of volatile trading
as concerns over the impact of the coronavirus on Chinese
growth kept investors looking for short gains. ENI SHELL
A witness in a graft case involving oil contracts in Nigeria
refused to confirm a key statement during a court hearing on
Wednesday, offering a possible boost to Italian oil major
Eni, which is fighting allegations of bribery. MARKETS
The Kenyan shilling KES= was firm on Wednesday with
inflows from diaspora remittances meeting end month dollar
demand from merchandise importers and the energy sector,
traders said. EAC
East African Cables CABL.NR is seeking to restructure
nearly a fifth of its bank debt, including a 285 million
shilling ($2.83 million) loan to a local lender that has
sought to wind it up over the debt, it said on
Wednesday. WORKERS
Zimbabwe's public sector workers have accepted a 140% salary
hike starting this month, a union official said on
Wednesday, averting a potential strike against President
Emmerson Mnangagwa's government. CLIMATE CHANGE
First, drought in Ethiopia's Oromiya region destroyed Asha
Khalif Ali's crops and animals. Then her husband and brother
were killed in ethnic violence. She fled with her seven
children, the youngest on her back, and watched their small
faces grow gaunt with hunger as they sought
safety. SECURITY
Mali will increase the size of its army by about 50% in a
recruitment drive this year aimed at uprooting jihadist
groups, Prime Minister Boubou Cisse said on
Wednesday. VIOLENCE
Suspected Islamist militants killed at least 30 people
overnight in attacks on villages in the east of the
Democratic Republic of Congo, local officials and civil
society leaders said on Wednesday. CHINA/HEALTH
Tanzania's national carrier said on Wednesday it will have
to postpone its maiden flights from commercial capital Dar
es Salaam to China, citing concerns over the spread of a
coronavirus that has killed 133 people. the latest precious metals report click on GOL/
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