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
Asian shares were downbeat on Monday with oil and copper
also soft, as a spike in global coronavirus cases hung over
markets awaiting efforts from the euro zone and United
States to stitch together fiscal stimulus plans to fight the
pandemic. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Monday, unnerved by the prospect that a
recovery in fuel demand could be derailed by a rise in the
pace of coronavirus infections around the
world. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed on Friday to end the week on the
front foot as demand for riskier assets was given a boost by
hopes a European Union summit will make progress on a
recovery fund that could help lift global
growth. OIL
Nigeria's gross revenues rose to 653.35 billion naira ($1.7
billion) in June from 517.8 billion naira in May due to
higher crude and tax receipts, accountant general Ahmed
Idris said, as oil prices recovered from April's
crash. CORONAVIRUS
Nigerian Foreign Minister Geoffrey Onyeama said on Sunday he
had tested positive for COVID-19, and became the first
member of President Muhammadu Buhari's cabinet to contract
the new coronavirus. MARKETS
The Kenyan shilling KES= weakened on Friday as dollar
demand from merchandise importers and the energy sector
outmatched supply from remittances, traders
said. MINING
Zambia's state-owned investment arm will run mines as an
operator rather than a minority investor in future
investments, a executive said on Sunday, as the government
seeks a more active role in mining assets it
holds. POLITICS
An influential opposition group in Mali rejected a proposal
by regional mediators on Sunday aimed at ending a political
crisis in which at least 11 people have been killed this
month during protests against President Ibrahim Boubacar
Keita. MARKETS
The Ugandan shilling UGX= was stable on Friday but was
expected to ease due to dollar demand from some importers in
the energy sector, traders said. LEONE PROTESTS
At least four people including a teenager were killed and 10
wounded when police and soldiers opened fire on protesters
in northern Sierra Leone, a health official and witnesses
said on Sunday. ECONET
Zimbabwean police have issued a warrant against the largest
mobile phone operator Econet Wireless ECO.ZI to hand over
a list of its mobile money transactions and subscribers
because authorities suspect it of involvement in money
laundering, according to the warrant. the latest precious metals report click on GOL/
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