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
Asian share markets began the week with a cautious tone on
Monday as the relentless spread of the coronavirus finally
made investors question their optimism on the global
economy, benefiting safe harbour bonds and the U.S.
dollar. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell for a second straight session on Monday as
coronavirus cases rose in the United States and other
places, leading countries to resume partial lockdowns that
could hurt fuel demand. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand slipped against the U.S. dollar on
Friday as concerns about a surge in coronavirus cases
globally continued to weigh on hopes of a swift economic
recovery. ECONOMY
Nigeria needs to deepen economic reforms and boost
government revenues in order to have a sustained recovery
after a coronavirus-induced oil price shock that slashed
income and weakened its currency, the World Bank's country
director told Reuters on Friday. AIRLINE
Kenya Airways KQNA.NR has lost an estimated $100 million
in revenue as a result of the COVID-19 pandemic and related
lockdowns, CEO Allan Kilavuka told reporters on
Friday. POLITICS
Ghana's ruling New Patriotic Party (NPP) has picked
incumbent Nana Akufo-Addo as its presidential candidate in
this year's election, setting up a third consecutive
head-to-head battle against former president John Dramani
Mahama. ELECTION
Malawi's new president Lazarus Chakwera was sworn in for a
five-year term on Sunday, hours after unseating former
leader Peter Mutharika in a re-run election. JUSTICE
Democratic Republic of Congo's prime minister protested on
Sunday over the brief arrest of the justice minister, saying
the coalition government could resign over the issue and
calling on the president to guarantee cabinet members' legal
protections. MARKETS
The Ugandan shilling UGX= was stable on Friday, with
typical end-of-month hard currency inflows from some
commodity exporters and charities helping to offer support,
traders said. the latest precious metals report click on GOL/
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