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 rose to new record highs on Thursday, tracking
U.S. markets as investors hoped for more economic stimulus
from newly inaugurated U.S. President Joe Biden to offset
damage wreaked by the COVID-19 pandemic.
MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Thursday after data showed U.S. crude
stocks unexpectedly rose last week, reigniting worries about
pandemic restrictions cutting into fuel demand.
O/R
EMERGING MARKETS
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AFRICA COVID VACCINES
African countries will pay between $3 and $10 per vaccine
dose to access 270 million COVID-19 shots secured this month
by the African Union (AU), according to a draft briefing on
the plan prepared by the African Export-Import Bank
(Afreximbank) and provided to Reuters.
RICE
Tightening global supplies of basic foodstuffs and
disruptions to shipping caused by the coronavirus pandemic
are driving up the cost of rice, the most important staple
food for billions of people worldwide.
AFRICA MARKETS
South Africa's rand and stocks were boosted on Wednesday by
U.S. Treasury Secretary nominee Janet Yellen underscoring
the need for stimulus to help the world's largest economy
recover from the coronavirus pandemic.
MARKETS
Melanie Igbe's restaurant hosted 50 people a day when it
opened in Nigeria's megacity Lagos a year ago. Fear of
coronavirus has driven most diners away, but Igbe believes
inflation rather than the pandemic may kill her business.
MARKETS
The Kenyan shilling KES= held steady against the dollar on
Wednesday and traders said it was likely to take its
direction from the level of demand for dollars from
importers at the end of the month.
CHINA DEBT
Kenya has secured a debt repayment moratorium from China
which will save it 27 billion shillings ($245.23 million) in
the period to June, its finance minister said on Wednesday.
AUTOS
The number of new cars sold in Kenya fell by 16% last year
as the East African economy reeled from the impact of the
COVID-19 pandemic, data from the industry association showed
on Wednesday.
COPPER MINE
Zambia's mining investment arm ZCCM-IH ZCCM.LZ said it
expects to find a new investor for Mopani Copper Mines by
the end of the year, as the International Monetary Fund
looks into Zambia's deal with Glencore GLEN.L , Mopani's
majority stakeholder.
SHOPRITE
The Namibian government said on Wednesday it supports calls
to boycott Shoprite Holdings SHPJ.J in an effort to force
Africa's largest grocery chain to amicably resolve a
four-week strike over pay.
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