The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
- - - - -
GLOBAL MARKETS
Asian stocks advanced on Friday after a top Federal Reserve
official cemented expectations of a U.S. interest rate cut
later this month, fuelling appetite for riskier assets and
keeping a cap on the dollar. MKTS/GLOB
WORLD OIL PRICES
Oil prices climbed around 2% on Friday after the U.S. Navy
destroyed an Iranian drone in the Strait of Hormuz, a major
chokepoint for global crude flows, again raising tensions in
the Middle East. 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 rallied against the dollar on Thursday
and bond yields fell after the central bank cut its main
lending rate by 25 basis points in a widely expected move to
counter floundering economic growth. STOCKS
Nigerian stocks dropped for a seventh straight session on
Thursday to a 26-month low after shares of oil company
Seplat SEPLAT.LG and the banking sector
declined. AFRICA CURRENCIES
Kenyan currency forecast to weaken, Tanzanian shilling to
hold steady while Nigeria's naira could ease. MARKETS
The Kenyan shilling KES= held steady against the dollar on
Thursday with inflows from offshore investors buying
government debt offering support against excess liquidity in
the local money markets, traders said. AIRLINES
Tanzania's government will buy two new Airbus AIR.PA jets
and one plane from Bombardier Inc BBDb.TO as part of a
fleet expansion plan for the national flag carrier, the
president said on Thursday. ECONOMY
Tanzania's statistics agency said on Thursday it may review
its economic growth figure for 2018 after the World Bank
came up with a significantly lower one. COAST COCOA
Ivory Coast's Coffee and Cocoa Council (CCC) has sold 1.6
million tonnes of cocoa export contracts by July 12 for the
2019/20 season, which begins in October, two sources at the
industry regulator said on Thursday. POLITICS
A potentially bloody confrontation between Ethiopia's
federal government and a minority community was averted on
Thursday when a political party postponed plans to set up a
new region for the Sidama people in defiance of central
authorities in Addis Ababa. STRIKES
Zimbabwe's public sector workers said on Thursday they had
accepted a government pay offer, averting a potentially
damaging strike in a country facing its worst economic
crisis in a decade. COPPER
Zambia's copper production dropped 4% to 393,419 tonnes in
the first six months of the year, ministry of mines data
showed on Thursday. EBOLA
The World Health Organization on Thursday withdrew a report
that said an Ebola patient may have entered Rwanda,
suggesting the deadly virus could spread to that country for
the first time. MARKETS
The Ugandan shilling UGX= was little-changed on Thursday
but was seen inclined on the weaker side on a possible pick
up in demand for dollars from fuel importers, traders
said. VANILLA
Rocketing vanilla prices bought Madagascan farmer Berlin
Ranary a hot pink sofa, a motorbike - and a double-barrelled
shotgun to protect his crop. 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