The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Thursday.
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GLOBAL MARKETS
Asian stocks advanced on Thursday, tracking solid gains on
Wall Street as data pointed to slowing economic growth in
the United States, bolstering the prospect of rate cuts by
the Federal Reserve as soon as this
month. MKTS/GLOB
WORLD OIL PRICES
Oil prices inched lower on Thursday after solid gains the
day before, pressured by data showing a
smaller-than-expected decline in U.S. crude
stockpiles. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand was little changed late on Wednesday,
struggling for momentum along with stocks as worries that a
prolonged U.S.-China trade war will slow global growth put
emerging markets under pressure. MARKETS
The Kenyan shilling KES= was unchanged on Wednesday and
traders said they expected it to weaken due to excess
liquidity in the money markets due to government payments
made at the close of its fiscal year in
end-June. ECONOMY
Kenya's private sector activity jumped in June, helped by
increased local and external demand for goods, a survey
showed on Wednesday, and it was seen improving further after
government departments pay their outstanding
bills. ECONOMY
Zimbabwe has run out of passports and vehicle registration
number plates, forcing citizens to wait for long periods to
get them - yet another sign of a desperate shortage of U.S.
dollars in the southern African nation. COFFEE
With companies like Nestle's NESN.S Nespresso arm now
willing to pay a premium for Zimbabwe's beans, small-scale
farmers like Muganyura are returning to a sector that was
all-but destroyed under former President Robert
Mugabe. AIRPLANE
Boeing Co BA.N said on Wednesday it would give $100
million over multiple years to local governments and
non-profit organizations to help families and communities
affected by the deadly crashes of its 737 MAX planes in
Indonesia and Ethiopia. VIOLENCE
Eleven people were killed in an attack last week by an
Islamist militant armed group in northern Mozambique near
its border with Tanzania, Mozambican police said on
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