The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
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EVENTS:
*Kenya, Mauritius release first quarter 2019 GDP numbers
GLOBAL MARKETS
Asian shares stumbled on Friday amid rising doubts that a
highly anticipated meeting between U.S. President Donald
Trump and Chinese President Xi Jin ping this weekend could
lead to an easing of trade tensions. MKTS/GLOB
WORLD OIL PRICES
Oil prices eased on Friday in a cautious market, as traders
eyed a scheduled meeting between U.S. President Donald Trump
and Chinese President Xi Jin ping at the G20 summit and next
week's OPEC meeting. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand gained on Thursday on hopes the United
States and China could reach an agreement at the G20 summit
this week to prevent a further escalation in their trade
war. NIGERIA STOCKS
Nigerian stocks .NGSEINDEX dropped to its lowest in five
weeks on Thursday after heavyweight Dangle Cement
DANGCEM.LG declined. NIGERIA MTN
Shares in MTN Nigeria MTNN.LG dropped on Thursday to their
lowest level since the telecom company listed five weeks
ago, after a court case about its $2 billion tax dispute
with the government was adjourned until October. KENYA MARKETS
The Kenyan shilling KES= weakened against the dollar on
Thursday as companies in the energy and manufacturing sector
bought dollars to meet end month obligations, traders
said. MARKETS
The Ugandan shilling UGH= was a notch firmer on Thursday,
helped by dollar inflows from charities looking to pay
month-end salaries and commodity exporters. MINING
Vedanta Resources VDAN.NS said on Thursday a Zambian court
has issued an order halting any move by the provisional
liquidator of its Gondola Copper Mines (ACM) business to
dispose of COM's assets or make arrangements with its
creditors. ZAMBIA ELECTRICITY
Zambia's Tesco Ltd should freeze staff hiring, merge some of
its departments and take other steps to cut costs and make
the state power utility more efficient, a government body
said. ETHIOPIA SECURITY
The Baklava and Cake cafe was heaving with customers when
truck-loads of heavily armed men in fatigues rolled up
across the road outside the local government headquarters in
Ethiopia's Amharic region. MADAGASCAR BURUNDI
Africa Cup of Nations debutant Madagascar took a giant
stride towards the next round as Marco Ilaimaharitra
hammered home a late free kick to beat Burundi 1-0 in their
Group B match on Thursday. FILM
Foreign companies filming in Tanzania must give the
government the right to vet raw footage and let the country
use the movie in promotional material, according to a bill
passed by parliament on Thursday. SEPARATISTS
Switzerland has agreed to mediate talks between Cameroonian
authorities and separatists in a bid to end escalating
violence in the country's Anglophobe regions, the Swiss
government said on Thursday. CONGO MINING
At least 36 illegal miners were killed on Thursday when a
copper mine owned by Glencore Glen. l collapsed in a
southeast Congo, the provincial governor said. the latest precious metals report click on GOLD/
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