The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Tuesday.
- - - - -
EVENTS:
*African Union to hold mini summit to revive talks on
Ethiopia dam
GLOBAL MARKETS
Asian shares advanced on Tuesday as prospects of a deal by
European Union leaders to jointly fund recovery of their
economies and hopes for a coronavirus vaccine lifted risk
appetite. MKTS/GLOB
WORLD OIL PRICES
Oil prices were little changed on Tuesday, trapped in the
narrow trading band of the past three weeks as investors
gauged hopes for a recovery in oil demand against fears of
new lockdowns due to a growing number of coronavirus
cases. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand edged up in subdued trading on Monday as
a global surge in coronavirus infections put the brakes on
demand spurred by hopes that the European Union would agree
on a recovery fund to rescue the worst hit members of the
union. POLITICS
A Nigerian official collapsed on Monday during a televised
parliamentary hearing held as part of an investigation into
allegations of mismanagement at an organisation with a remit
to foster economic development in the oil-rich Niger Delta
region. RATES
Nigeria's central bank held its benchmark lending rate at
12.5%, the governor said on Monday, adding that members of
the monetary policy committee wanted to assess the impact of
a 100-basis-point rate cut at the last meeting. MARKETS
The Kenyan shilling KES= was under pressure on Monday due
to dollar demand from the energy and manufacturing sector
outstripping hard currency inflows from remittances, traders
said. WTO
Kenya's candidate to the World Trade Organization's (WTO)
top post said on Monday she is seeking Washington's backing
and expressed some sympathy with its criticism of the global
body as she emerges as one of two reform-minded African
female frontrunners. CORONAVIRUS
The chairman of Kenya's senate committee overseeing the
government's response to the coronavirus crisis has quit the
post after police said he flouted an overnight curfew to
enjoy drinks with others in a Nairobi bar. COAST COCOA
Rains in most of Ivory Coast's cocoa growing regions were
well below average last week, and more downpours and sunny
spells are needed to boost the top grower's main crop,
farmers said on Monday. POLITICS
A delegation of at least three West African leaders will
head to Mali this week to try to end a political crisis that
has sparked widespread protests, cost at least 11 lives and
led to calls for President Ibrahim Boubacar Keita to step
down. MARKETS
The Ugandan shilling UGX= inched down on Monday, helped by
an uptick in appetite for hard currency from merchandise
importers. POLITICS
Zimbabwean police arrested an opposition official and a
journalist on Monday, accusing them of inciting violence
ahead of street demonstrations planned for next week by
activists who charge government corruption has exacerbated
economic hardship. EBOLA
Ebola cases in western Democratic Republic of Congo have
risen to 60, with funerals a particular concern for disease
spread, the World Health Organization (WHO) said on
Monday. For the latest precious metals report click on GOL/
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