KIGALI, March 4 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
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GLOBAL MARKETS
Asian shares struggled to find footing on Wednesday and
bonds held stunning gains, as an emergency rate cut from the
U.S. Federal Reserve seemed to stoke rather than soothe
fears over the coronavirus' widening global economic
fallout. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose more than 1% on Wednesday on expectations
that major producers have moved closer to an agreement to
enact deeper output cuts aimed at offsetting the slump in
demand caused by the coronavirus outbreak. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand weakened on Tuesday as data showed the
economy entered its second recession in two years in the
final quarter of last year, while stocks edged
higher. BOURSE
The Nigerian Stock Exchange said on Tuesday it had won
approval from members to become a listed company and had
appointed a board of directors, paving the way to offering
shares to the public. LGBT
No women were arrested in a 2018 police raid that led 47
Nigerian men to be charged with displays of affection with
members of the same sex, a witness said on Tuesday, in a
case that tests a law criminalising homosexuality in
Africa's most populous country. MARKETS
Kenya's shilling KES= weakened to its lowest level in
three months on Tuesday after the central bank said it will
buy $100 million from commercial banks every month between
March and June to boost its reserves. CENTRAL BANK
Kenya's central bank said it plans to buy $100 million a
month between March and June to increase reserves and will
also purchase a minimum $1 million from banks at prevailing
rates in each deal. MARKETS
The Ugandan shilling UGX= edged up on Tuesday on the back
of banks cutting their dollar holdings in the face of a drop
in demand by importers. BISSAU ELECTION
A dozen soldiers have occupied the grounds of
Guinea-Bissau's Supreme Court, the court said on Tuesday,
deepening a post-election crisis that has resulted in the
appointment of rival presidents and the silencing of state
media. ELECTION
Togo's President Faure Gnassingbe has won re-election with
71% of the vote, final results from the constitutional court
showed on Tuesday, extending his 15-year-old rule and a
family dynasty that began when his father took power in a
1967 coup. HEALTH/EBOLA
The last patient being treated for Ebola in Democratic
Republic of Congo was discharged on Tuesday, the World
Health Organization (WHO) said, bringing the 19-month-old
outbreak closer than ever to an end. CORONAVIRUS/ALGERIA
Algeria has confirmed three new cases of coronavirus,
bringing to eight the total number of people tested positive
for the virus, the health ministry said on
Tuesday. GRAINS
The Ethiopian government has issued another international
tender to buy about 400,000 tonnes of milling wheat,
European traders said on Tuesday. the latest precious metals report click on GOL/
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