The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Tuesday.
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GLOBAL MARKETS
Asian shares rebounded on Tuesday as a day passed without
any new escalation in the Middle East and Wall Street erased
early losses to end in the black as tech stocks climbed.
MKTS/GLOB
WORLD OIL PRICES
Oil prices fell more than 1% on Tuesday as investors
reconsidered the likelihood of Middle East supply
disruptions in the wake of the United States killing a top
Iranian military commander.
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand rebounded slightly in late trade on
Monday after a steep fall last week, joining some other
emerging market currencies in paring some losses even as
Iran and the United States traded threats.
SECURITY
At least 30 people were killed in the northeastern Nigerian
state of Borno after an improvised explosive device
detonated on a bridge, sources told Reuters on Monday.
MARKETS
The Kenyan shilling KES= was stable on Monday with
remittances and non-governmental organizations helping the
supply of dollars, traders said.
Kenya plans to refinance or substitute commercial loans with
cheaper options from friendly nations or development
financiers, its acting finance minister said on Monday.
SECURITY
Kenyan police arrested three men suspected of trying to
break into a British army camp in central Kenya on the same
day Islamist insurgents attacked another base used by U.S.
and Kenyan forces, according to a police report seen by
Reuters.
POLITICS
Police in Uganda on Monday fired tear gas to disperse
supporters of pop star and presidential hopeful Bobi Wine
when he tried to hold a rally, underscoring the hurdles he
faces in seeking to unseat President Yoweri Museveni.
Zimbabwe's largest bank CBZ CBZ.ZI launched two bond
issues on Monday, seeking to raise $80.6 million to finance
maize and soybean farming, as the country faces another
drought that could worsen an already dire economic
situation.
POLITICS
The wife of Vice President Constantino Chiwenga was granted
bail by Zimbabwe's High Court on Monday after spending three
weeks in detention for allegedly trying to kill her husband.
COAST CONSTITUTION
Ivory Coast President Alassane Ouattara said on Monday he
intends to modify the constitution ahead of an October
presidential election seen as a test of the country's
stability.
Russian state lender VTB VTBR.MM has filed a lawsuit in
Britain's High Court against a Mozambican government company
it lent hefty sums to as part of a project now at the centre
of a $2 billion debt scandal, according to an online court
filing.
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