NAIROBI, July 1 (Reuters) - 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
Stocks rallied and bonds retreated in Asia on Monday as a
thaw in the Sino-U.S. trade dispute averted one threat to
the global economy, leading investors to pare wagers on
aggressive policy easing by the major central banks.
MKTS/GLOB
WORLD OIL PRICES
Oil prices rose more than $1 a barrel on Monday after Saudi
Arabia, Russia, Iraq backed an extension of supply cuts for
another six to nine months ahead of an OPEC meeting this
week. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand gained on Friday, helped by improved
economic data and a dip in the U.S. dollar, ahead of an
eagerly awaited meeting between the United States and China
at the G20 summit in Japan. KENYA MARKETS
The Kenyan shilling KES= weakened against the dollar on
Friday due to end month dollar demand from the energy and
manufacturing sector amid excess liquidity in the local
money market, traders said. KENYA ECONOMY
Kenya's economic growth slowed in the first quarter of this
year compared with the same period last year due to dry
weather which curbed the farming sector, the statistics
office said on Friday.
ETHIOPIA SECURITY
Ethiopian authorities on Friday arrested the spokesman of a
political party promoting the interests of the Amhara ethnic
group, the party president said, in a move linked to what
the government has described as a failed regional coup
attempt. SOMALIA OIL
Royal Dutch Shell RDSa.L and Exxon Mobil XOM.N are
looking to return to Somalia ahead of an oil block bid round
later this year, the East African country's oil ministry
said.
ZAMBIA MINING
A Zambian court on Friday withdrew an earlier order blocking
a provisional liquidator at Vedanta's VDAN.NS Konkola
Copper Mines (KCM) business from disposing of KCM's assets
or making arrangements with its creditors. ZAMBIA ECONOMY
Zambian Finance Minister Margaret Mwanakatwe said on Friday
she was delaying the implementation of a new sales tax from
July 1 to Sept. 1 to allow it undergo parliamentary
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