The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Thursday.
- - - - -
EVENTS:
ETHIOPIA - Ministers from Ethiopia, Egypt and Sudan continue
their meeting to resolve a row over Ethiopia's construction
of a $4 billion dam on the Blue Nile.
GLOBAL MARKETS
Asian stocks rebounded on Thursday and oil edged up as the
United States and Iran backed away from the brink of further
conflict in the Middle East and investors unwound safety
plays.
MKTS/GLOB
WORLD OIL PRICES
Oil prices climbed on Thursday after a rocket attack on
Baghdad triggered fresh concern over the potential for
conflict in the Middle East, a day after markets were roiled
by an Iranian missile strike on Iraqi bases hosting U.S.
forces.
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand regained ground against the dollar in
late trade on Wednesday, as fears of an immediate escalation
in a conflict between the United States and Iran receded and
markets rolled back an earlier sell-off.
SECURITY
About 20 soldiers were killed and nearly 1,000 people made
homeless in a militant attack on a town in northeastern
Nigeria, two residents and a military source said on
Wednesday.
MARKETS
The Kenyan shilling KES= was stable against the dollar on
Wednesday mainly due to low demand for hard currency from
importers, traders said.
INFLATION
Ghana's inflation fell to 7.9% in December from 8.2% in the
previous month, the statistics office said.
SENEGAL WOODSIDE
Senegal has authorised the West African country's first oil
development, the $4.2 billion Sangomar offshore oil project,
operator Woodside Petroleum WPL.AX said on Thursday.
SUDAN VICE PRESIDENT
The United States on Wednesday imposed sanctions on South
Sudanese First Vice President Taban Deng Gai, the U.S.
Treasury Department said in a statement, in Washington's
latest move to pressure the country's politicians to form a
unity government.
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