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African Markets - Factors to watch on Jan.15

Published 15/01/2021, 05:36
Updated 15/01/2021, 05:42
© Reuters.

NAIROBI, Jan 15 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Friday.
- - - - -
EVENTS:
*NIGERIA - Nigeria's statistics office expected to release consumer
inflation data for December.

GLOBAL MARKETS
Asian shares edged up near record highs on Friday after U.S.
President-elect Joe Biden proposed a $1.9 trillion stimulus plan to
jump-start the world's largest economy and accelerate its response
to COVID-19. MKTS/GLOB

WORLD OIL PRICES
Oil prices were mixed on Friday as strong import data from China,
the world's biggest crude importer, that boosted sentiment earlier
ran into concerns about Chinese cities in lockdown due to
coronavirus outbreaks. O/R

EMERGING MARKETS
For the top emerging markets news, double click on STOCKS
For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS
South Africa's rand firmed in afternoon trade on Thursday as focus
shifted to the central bank's policy decision next week, with
market participants expecting rates to remain at a record low to
support the economy. MARKETS
Kenya's shilling KES= was stable on Thursday, and traders said
they expected it to weaken due to increased importer dollar demand,
amid scant inflows. IMF
The International Monetary Fund is continuing to work with Kenyan
authorities on a possible financing program and hopes to present a
possible program to its board in early 2021, IMF spokesman Gerry
Rice said on Thursday. ELECTION
Ugandans wearing face masks to brave the pandemic turned out in
force on Thursday to vote in a election pitting long-time leader
Yoweri Museveni against popular singer and lawmaker Bobi
Wine. COAST TAX
Ivory Coast collected 2.35 trillion CFA francs ($4.41 billion) in
taxes in 2020, 4.4% more than the previous year, Abou Sie Ouattara,
director general of the tax authority, said on
Thursday. ECONOMY
Seychelles is struggling to raise funds to pay public workers and
the government plans to raise $212 million to plug its budget
deficit, the finance minister has said. the latest precious metals report click on GOL/
For the latest base metals report click on MET/L
For the latest crude oil report click on O/L

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