NAIROBI, May 7 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.
GLOBAL MARKETS
Global stocks headed for their first weekly gain in three amid a surge in commodity prices, while traders braced for a key U.S. jobs report later on Friday that could provide clues on when the Federal Reserve will ease back on monetary stimulus.
WORLD OIL PRICES
Oil prices recovered after a 1% dip in the previous session, on buoyant economic data from China and the United States even as the surging pandemic in India capped prices.
SOUTH AFRICA MARKETS
The South African rand rallied on Thursday as the governing African National Congress (ANC) stood by a decision to suspend one of its top officials charged with corruption and global risk appetite was strong.
MARKETS
The Kenyan shilling (KES=) firmed on Thursday to a three-week high, helped by dollar inflows from foreign investors buying a government bond, and muted demand from importers, traders said.
RELATIONS
Somalia said on Thursday it was restoring diplomatic relations with neighbouring Kenya almost six months after severing ties, accusing Nairobi of meddling in politics.
COVID
The African Union's health agency on Thursday welcomed U.S. President Joe Biden's decision to waive intellectual property rights for COVID-19 vaccines but he counselled patience as the move would take time to translate into reality.
COAST COTTON
Ivory Coast's cotton output for the 2021/22 season is projected to reach a record 580,000 tonnes, up 4% from the previous season, the cotton ginners' association said on Thursday. The European Union will consider sending a civilian training mission to Mozambique to help the government withstand a growing insurgency, EU foreign policy chief Josep Borrell said on Thursday.
POLITICS
Congolese President Felix Tshisekedi on Thursday struck a heavy blow against his predecessor and political rival Joseph Kabila as his allies ousted the governor of Tanganyika province.
POLITICS
Somali forces who back the opposition have agreed to return to their barracks or posts elsewhere in the country after reaching an agreement with the prime minister, a spokesman for the loose alliance of opposition forces said on Thursday.