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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
U.S. stock futures erased losses and Asian stocks held flat
on Monday, trying to shake off worries that rising
coronavirus cases in the United States could scupper a quick
economic rebound from the massive downturn triggered by the
pandemic. MKTS/GLOB
WORLD OIL PRICES
Oil prices nudged higher on Monday on tighter supplies from
major producers, but a record rise in global coronavirus
cases raised concerns a recovery in fuel demand could stall,
checking gains.
O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed against the U.S. dollar early on
Friday, recovering from the previous session's tumble when
global risk sentiment had been dented by fears of a second
wave of coronavirus infections.
MARKETS
The Kenyan shilling KES= was firm on Friday supported by
dollar inflows from horticulture exports, traders
said. NL8N2DW1V8
NIGERIA CENTRAL BANK
Nigeria's central bank has collected 216 billion naira ($598
mln) from banks with excess cash holdings as part of
measures to support the naira currency, leading to a spike
in money market rates, bankers said on Friday.
AGRICULTURE
An American non-profit organisation has launched a $40
million joint venture with one of Zambia's top farm
suppliers to boost crop yields and food security as farmers
struggle to access finance amid the COVID-19 pandemic, the
local company said on Sunday. COAST POLITICS
Ivory Coast's octogenarian former President Henri Konan
Bedie will run for office again in presidential elections in
October, he said in a statement on Saturday.
REPUBLIC OF CONGO CORRUPTION
The Democratic Republic of Congo's high court on Saturday
found the president's chief of staff guilty of embezzling
$48 million in public funds and sentenced him to 20 years in
jail, the lead judge said.
ELECTION
West African regional bloc ECOWAS on Saturday called on Mali
to re-run some of its contested local elections and convene
a government of national unity after anti-government
protests swept the capital Bamako.
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