The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Tuesday.
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GLOBAL MARKETS
South Africa's rand bounced back from a four-week low
against the dollar on Monday, but pessimism around Eskom
remained as the struggling power group failed to dispel
investor worries with the appointment of an interim chief
executive. MKTS/GLOB
WORLD OIL PRICES
Oil prices extended overnight gains on Tuesday amid
widespread expectations the U.S. Federal Reserve will cut
interest rates for the first time in more than a decade this
week. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand bounced back from a four-week low
against the dollar on Monday, but pessimism around Eskom
remained as the struggling power group failed to dispel
investor worries with the appointment of an interim chief
executive. MARKETS
The Kenyan shilling KES= was under pressure on Monday due
to end month dollar demand from the energy and manufacturing
sector amid excess liquidity in the local money market,
traders said. CORRUPTION
A Kenyan judge's ruling that a county governor accused of
corruption must step aside pending his trial could have
widespread ramifications in the country, where senior
officials are often charged with graft but rarely
convicted. OIL
A piece of equipment that will process crude oil for
Nigeria's Dangote refinery set sail on Monday from China,
oil company Sinopec said in a tweet. TELECOM
A subsidiary of MTN Nigeria MTNN.LG has been awarded a
licence by the country's central bank that would allow it to
provide financial services, the telecoms firm said on
Monday. AUTOS
Uganda is aiming to start assembling new vehicles by June
2022, with an initial production capacity of 5,000 units per
year, a top official of the state-owned Kiira Motors
Corporation (KMC) told Reuters on Monday. COAST COCOA
Above-average rainfall last week in most of Ivory Coast's
cocoa growing regions will boost the October-to-March main
crop, but more sun is still needed, farmers said on
Monday. POLITICS
At least four schoolchildren and one adult were shot dead
when security forces broke up a student protest in the
Sudanese city of El-Obeid on Monday, campaigners
said. For the latest precious metals report click on GOL/
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