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NAIROBI, May 21 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
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GLOBAL MARKETS
Asian shares stepped back slightly and U.S. stock futures
fell on Thursday as lingering caution about the long-term
impact of the coronavirus outbreak offset some of this week's
enthusiasm over re-opening of economies. MKTS/GLOB
WORLD OIL PRICES
Oil prices advanced on Thursday as a drawdown of U.S. crude
inventories and output cuts by major producers helped ease
concerns about a supply glut, though lingering fears over the
global economic fallout from the COVID-19 pandemic capped
gains. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand edged up on Wednesday as global risk
appetite improved on hopes of an economic recovery, though
investors remained cautious a day ahead of a central bank
rate decision. MARKETS
Nigerian stocks climbed for the third session on Wednesday to
their highest level in more than two months after broad-based
gains. MARKETS
The Kenyan shilling KES= held steady on Wednesday supported
by tight liquidity in the local money market that countered
importer dollar demand, traders said. WORLD BANK LOAN
The World Bank has approved a $1 billion loan for Kenya to
help it close a gaping budget deficit and tackle the economic
shocks from the coronavirus pandemic, both sides said on
Wednesday. KCB GROUP EARNINGS
KCB Group's KCB.NR first-quarter profit missed expectations
due to the impact of coronavirus, Kenya's biggest lender said
on Wednesday, adding that the pandemic was likely to affect
its performance for the next two quarters. ELECTRICITY
Kenya Electricity Generating Co. (KenGen) KEGN.NR , said on
Wednesday demand for its electricity had dropped by about 8%
due to restrictions imposed to limit the spread of the new
coronavirus, with Sunday usage levels seen throughout the
week. CAR SALES
The number of new vehicles sold in Kenya slumped by almost
half last month from the same period a year earlier, due to
the coronavirus crisis, an industry association said on
Wednesday. CEMENT
The Tanzanian unit of Kenya's ARM Cement Plc ARM.NR has
been sold to China's Huaxin Cement company, its administrator
PricewaterhouseCoopers and Huaxin said on Wednesday, paving
way for completion of one of its production
plant. NATURAL GAS
French energy major Total TOTF.PA has secured $14.4 billion
funding for its Mozambique liquefied natural gas project in
Mozambique, two sources said on Wednesday. POLITICS
Voting in Burundi's presidential election passed calmly on
Wednesday despite simmering political violence, the
coronavirus pandemic and the opposition accusing the
authorities of fraud. REPUBLIC OF CONGO MINING
The coronavirus pandemic will drive a "survival of the
fittest" in Democratic Republic of Congo's mining sector and
trigger an increase in deal-making, the president of the DRC
Chamber of Mines said on Wednesday. the latest precious metals report click on GOL/
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