NAIROBI, March 22 - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
GLOBAL MARKETS
Asian markets turned mixed and bonds bounced on Monday as a plunge in the (Turkish lira) sparked talk that capital controls might be needed to stem the rout, though the wider fallout was relatively restrained for the moment.
WORLD OIL PRICES
Oil prices resumed their decline on Monday, falling around 1% as worries about a drop in demand for fuel products in the wake of yet more European lockdowns dominated trading.
SOUTH AFRICA MARKETS
South Africa's rand fell on Friday, but it looked set for weekly gains as riskier currencies broadly received a boost from the U.S. Federal Reserve maintaining its dovish stance.
AFRICA VACCINES
South Africa has concluded the sale of AstraZeneca (NASDAQ:AZN) COVID-19 vaccines it had acquired but did not use to other African Union (AU) member states, the health ministry said on Sunday.
STOCKS
Nigerian stocks dropped to a three-month low on Friday after heavily-weighted cement companies fell as a weak economic outlook caused investors to sell equities, traders said.
MARKETS
The Kenyan shilling (KES=) was unchanged on Friday, with inflows from commodities and remittances matching demand from merchandise importers, traders said.
KENYA VACCINES
Kenya has offered free COVID-19 vaccines to all diplomats based there, including thousands of United Nations staff, even though it has not completed inoculating its own health workers, other frontline staff or elderly, drawing criticism from local medics.
ELECTIONS
Congo Republic voted in presidential elections on Sunday, with the incumbent Denis Sassou Nguesso widely expected to extend his 36-year rule despite an economic crisis in the Central African oil-producing nation.
ELECTIONS
Niger's top court on Sunday confirmed Mohamed Bazoum's victory in last month's presidential run-off, allowing the ruling party candidate to be sworn into office next month.