Intel stock falls after Trump administration reportedly considers 10% stake
NAIROBI, March 30 - 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 slipped on Monday and oil prices took another
tumble as fears mounted that the global shutdown for the
coronavirus could last for months, doing untold harm to
economies despite central banks' best
efforts. MKTS/GLOB
WORLD OIL PRICES
Crude oil benchmarks fell sharply on Monday, with Brent
hitting its lowest since November 2002, as the global
coronavirus pandemic worsened and the Saudi Arabia-Russia
price war showed no signs of abating. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand weakened more than 1% on Friday and
stocks fell as the country reported its first two deaths
from the coronavirus and a sharp jump in new infections just
as a three-week national lockdown commenced to try to curb
the outbreak. MARKETS
The Kenyan shilling KES= strengthened on Friday due to
lack of dollar demand from merchandise importers and
manufacturers, traders said. CORONAVIRUS
Nigeria has appealed to private companies to make voluntary
contributions towards the 120 billion naira ($330 million)
that the government says it needs to fight the coronavirus
epidemic. OIL
Nigeria's petroleum regulator has ordered oil and gas
companies to reduce their offshore workforce and move to
28-day staff rotations as part of measures to curb the
spread of the coronavirus, according to a circular seen by
Reuters. CURRENCY
Zimbabwe legalised the use of foreign currencies in domestic
transactions on Sunday, less than a year after abandoning
dollarisation, as the country readies for a 21-day lockdown
to prevent the spread of coronavirus, starting at
midnight. ANGOLA RECESSION
Angola's finance minister said the country's economy will
contract by 1.21% in 2020, marking a fifth year of
recession, as the coronavirus and a slump in oil prices
batter its finances. MINING
Namibia on Saturday ordered mining companies to cease
operations for three weeks as the country entered its first
day of a partial lockdown, and stepped up measures to curb
coronavirus infections which currently stand at eight
people. the latest precious metals report click on GOL/
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