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 Monday.
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GLOBAL MARKETS
A gauge of Asian shares was toppled from an 18-month top on
Monday as heightened Middle East tensions sent investors
scurrying for the safety of gold, which hit a near
seven-year high while oil jumped to four-month peaks.
MKTS/GLOB
WORLD OIL PRICES
Oil prices shot more than 2% higher on Monday, with Brent
rising above $70 a barrel, after U.S. President Donald Trump
issued a threat to impose sanctions on Iraq amid escalating
tensions with Iran in the Middle East.
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand slumped against the U.S. dollar on
Friday, as investors dumped risky assets after a U.S. air
strike in Iraq killed a top Iranian military commander.
SECURITY
Nigerian police have been placed on a heightened state of
alert after the U.S. killing of a top Iranian military
commander in Iraq sparked fears of public disturbances in
the West African country, the police said on Sunday.
MARKETS
The Kenyan shilling KES= was stable on Friday with inflows
from remittances and offshore investors buying government
debt meeting dollar demand from merchandise importers,
traders said.
FOOD SECURITY
Kenya said on Saturday it had started aerial spraying in
three counties in the country's north to try to head off a
locust invasion which has already caused extensive damage to
farmland in neighbouring Somalia and Ethiopia.
ATTACK
Three Americans - one U.S. military servicemember and two
contractors - were killed by Somalia's al Shabaab militant
group during an attack on Sunday on a military base in Kenya
used by both U.S. and Kenyan forces, the U.S. military said.
AFRICAN CURRENCY
West Africa's monetary union is embarking on a long overdue
shakeup. The France-backed CFA franc will be renamed the eco
and Paris' influence diluted in an overhaul that will please
anti-colonial nationalists.
MINING
Canadian miner First Quantum Minerals Ltd FM.TO is weighing
investment of around $1 billion to lift output at Africa's
biggest copper mine in Zambia, a company document seen by
Reuters showed, despite a feud with state miner ZCCM-IH over
project funding.
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