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 followed Wall Street higher on Monday as
investors looked ahead to more countries restarting their
economies, even as some reported an unwelcome pick up in new
coronavirus cases.
MKTS/GLOB
WORLD OIL PRICES
Oil prices slid nearly $1 a barrel on Monday as concern over
a persistent glut and economic gloom caused by the
coronavirus pandemic combined to cancel out support from
supply cuts at some of the world's top producers.
O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed on Friday, with sentiment toward
risk and emerging market currencies boosted by an easing in
tensions between China and the United States and optimism
about the re-opening of some economies around the world.
MARKETS
Nigerian stocks ended a nine-day winning streak on Friday,
falling 1.27% after real estate firm UPDC UACPROP.LG and
second-biggest listed firm MTN MTNN.LG dragged the index
lower.
MARKETS
The Kenyan shilling KES= strengthened on Friday, supported
by inflows from horticulture exports and diaspora
remittances amid slack dollar demand from merchandise
importers, traders said.
ELECTRICITY
Kenya and Uganda were hit by power blackouts on Saturday,
and Kenya Power KPLC.NR said the outage on its grid was
caused by a fault on a high voltage line but that it had
restored supply to most parts of the country.
INFECTIONS
A worker at a fish-processing factory in Ghana's Atlantic
seafront city of Tema infected 533 other workers at the
facility with the coronavirus, Ghana's President Nana
Akufo-Addo said in a broadcast late on Sunday.
IMF FUNDING
Zambia has applied to the International Monetary Fund (IMF)
for a COVID-19-related rapid credit facility as it starts
the process of short-listing financial advisers to help
reduce its debt load, the finance ministry said on Sunday.
CORONAVIRUS
Madagascar is putting its self-proclaimed, plant-based
"cure" for COVID-19 on sale and several countries in Africa
have already put in orders for purchase, despite warnings
from the World Health Organisation that its efficacy is
unproven.
LEONE POLITICS
Sierra Leone's president Julius Maada Bio has accused the
main opposition party of orchestrating a spate of violent
incidents, deepening a political standoff that risks
undermining the country's efforts to contain a coronavirus
outbreak.
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