The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Wednesday.
- - - - -
GLOBAL MARKETS
Asian stocks retreated on Wednesday and the dollar inched up
from three-month lows after Federal Reserve officials
tempered expectations in the markets for aggressive monetary
easing. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose more than 1% on Wednesday to their highest
in nearly a month as industry data showed U.S. crude
stockpiles fell more than expected, underpinning a market
already buoyed by worries over a potential U.S.-Iran
conflict. O/R
EMERGING MARKETS
For the top emerging markets news, double click on
STOCKS
For the latest news on African stocks, click on .J
SOUTH AFRICA MARKETS
South Africa's rand firmed on Tuesday as the prospect of
monetary easing by the Federal Reserve knocked demand for
the U.S. currency, which in turn supported developing world
currencies. NIGERIA OIL
Exports of Nigeria's four key crude oil grades are set to
rise in August by 155,0000 barrels per day, preliminary
programmes seen by traders showed. MARKETS
The Kenyan shilling KES= firmed against the dollar on
Tuesday with inflows from diaspora remittances and offshore
investors buying government bonds helping meet end month
dollar demand from the energy sector, traders
said. OIL
The Kenyan government has signed agreements with oil major
Total TOTF.PA , Tullow Oil TLW.L and Africa Oil Corp
AOI.TO to develop a 60,000-80,000 barrels per day crude
processing facility for oil discovered in the country's
northwest. SECURITY
Ethiopia held a memorial on Tuesday for the army chief of
staff slain with four other senior officials in weekend
attacks that posed the biggest threat yet to the prime
minister's reforms. RHINOS
Rhino keepers who successfully delivered five endangered
black rhinos to Rwanda spent months hugging and coddling
them inside their transport boxes to prepare them for the
journey, a rhino handler told Reuters as the animals were
freed on Monday. USA
A top U.S. State Department official who deals with Sudan
said on Tuesday that Washington was considering all options,
including possible sanctions, if there was more violence
after a deadly assault on protesters in Khartoum early this
month. ECONOMY
Zimbabwe's President Emmerson Mnangagwa said on Tuesday that
a decision to ban the use of foreign currencies was an
important step to repair the economy, but local
businesspeople and investors were wary a day after the
reform was announced. TANZANIA CURRENCY
Tanzania has tightened its currency controls with new
regulations on foreign exchange bureaus, in what authorities
say is an ongoing fight against money laundering and
currency speculation. TOTAL
French and Ugandan campaign groups including Friends of the
Earth have filed a legal notification with Total TOTF.PA ,
claiming it has failed to address the human and
environmental impact of its Ugandan operations as required
by French law. UGANDA MARKETS
The Ugandan shilling UGX= weakened on Tuesday, undercut by
month-end dollar demand from energy and manufacturing
importers, traders said. the latest precious metals report click on GOL/
For the latest base metals report click on MET/L
For the latest crude oil report click on O/L