The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
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GLOBAL MARKETS
Asian shares and U.S. stock futures fell on Friday following
another Wall Street rout as disruptions to global business
from the coronavirus beyond China worsened, stoking fears of
a prolonged world economic slowdown. MKTS/GLOB
WORLD OIL PRICES
Oil slid nearly 1% on Friday as worries about global oil
demand and economic growth slowdown caused by the
coronavirus outbreak were heightened by concern over
non-OPEC crude producers not yet having agreed to cut output
further to support prices. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand weakened against the dollar on Thursday
after the government confirmed the country's first case of
coronavirus. BORROWING
Nigeria's upper house of parliament has approved foreign
borrowings of $22.7 billion requested by President Muhammadu
Buhari, the Senate President said on Thursday. BANKS
Kenya's chief prosecutor on Thursday fined five banks a
total of 385 million shillings ($3.75 million) for not
reporting suspicious transactions under anti-money
laundering laws, adding his office reserved the right to
prosecute them in the future. MARKETS
The Kenyan shilling KES= slid further against the dollar
on Thursday due to banks shoring up foreign reserves after
the central bank announced a dollar purchase plan, traders
said. MARKETS
The Ugandan shilling UGX= edged down on Thursday due to an
upsurge in demand from foreign-owned firms looking to pay
last year's dividends to their shareholders
abroad. TRADE
The greater East Africa region could gain two million new
jobs if the African Continental Free Trade Area (AfCFTA) -
due to start in July - works as planned, according to a
study the United Nations released on Thursday. COAST POLITICS
Ivory Coast President Alassane Ouattara said on Thursday he
would not stand for re-election in October, ending
speculation about his political future ahead of a vote seen
as a crucial test of stability. For the latest precious metals report click on GOL/
For the latest base metals report click on MET/L
For the latest crude oil report click on O/L