Bullish indicating open at $55-$60, IPO prices at $37
NAIROBI, March 1 - 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 shares rallied on Monday as some semblance of calm
returned to bond markets after last week's wild ride, while
progress in the huge U.S. stimulus package underpinned
optimism about the global economy and sent oil prices
higher. MKTS/GLOB
WORLD OIL PRICES
Oil prices rebounded more than $1 on Monday after the
U.S. House of Representatives passed a huge stimulus
package, although a drop in China's February factory
activity growth capped gains. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed on Friday in a recovery rally
after a jump in U.S. treasury yields triggered a sharp slide
in the previous session to a three-week low. TELECOMS
MTN Nigeria MTNN.LG is at an advanced stage in renewing
its operating spectrum and licence in Nigeria for another 10
years from September, the local unit of South Africa's MTN
MTNJ.J said on Sunday. VACCINES
Nigeria expects to take delivery of 3.92 million doses
of the COVID-19 vaccine on Tuesday, the third West African
country to benefit from the COVAX facility after Ghana and
Ivory Coast, the government's coronavirus task force said on
Sunday. KENYA MARKETS
Kenya's shilling KES= was steady on Friday in a
subdued trading day although it could weaken in the coming
days as end-of-month pressures could spill over into the
first days of the new month, traders said. L8N2KW3VS
SOMALIA TLECOMS
Somalia awarded its first mobile money licence to
Hormuud Telecom on Saturday, in a move aimed at formalising
the Horn of Africa country's digital payments system and
integrating it with the global financial
infrastructure. OUTBREAK
The U.S. Centers for Disease Control and Prevention
said it was closely following outbreaks of Ebola in
Democratic Republic of Congo (DRC) and Guinea, and said the
risk of Ebola to the United States was extremely
low. CORRUPTION
French group Bollore BOLL.PA will pay a 12 million-euro
($14.55 million) fine following a transaction with
prosecutors in an alleged bribery case in Africa, France's
financial prosecutor said on Friday. For the latest precious metals report click on GOL/
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