NAIROBI, Nov 13 (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 stocks and Wall Street futures fell on Wednesday, as
growing worries that U.S.-China trade talks are stalling and
concern about intensifying unrest in Hong Kong hurt demand
for risky assets. MKTS/GLOB
WORLD OIL PRICES
Oil prices ended Tuesday little changed after paring gains
of about 1% following a speech from U.S. President Donald
Trump that offered few new details about Washington's trade
talks with Beijing. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand weakened in late trade on Tuesday in a
subdued session as investors avoided big bets ahead of local
retail and mining data later in the week, and a definitive
sign from the trade talks between China and the United
States. PAYMENTS PLATFORM
Visa Inc V.N will buy a significant minority stake in
Nigerian payments platform Interswitch, creating "an instant
acceptance network across Africa" that will help drive
expansion, both companies said in a statement on
Tuesday. MARKETS
The Kenyan shilling KES= was stable on Tuesday, with
inflows from diaspora remittances and offshore investors
buying stocks expected to meet dollar demand from importers,
traders said. EQUITY GROUP HOLDINGS RESULTS
Kenya's Equity Group EQTY.NR reported on Tuesday that its
nine-month pretax profit rose to 24.78 billion shillings
($242.11 million) as it overcame the effects of an interest
rate cap that slowed economic growth. CENTRAL BANK
Kenya's scrapping of a cap on banks' lending rates has
removed one of the concerns the central bank had about
cutting interest rates, its governor said on Tuesday, adding
that monetary policy direction was "clear". FINANCE MINISTER
Mauritius has sworn in Renganaden Padayachy as its new
finance minister, local media reported on Tuesday, days
after incumbent Prime Minister Pravind Kumar Jugnauth
secured another a five-year term. DP WORLD
Dubai's DP World DPW.DI has signed a preliminary agreement
with the Nara Namib Free Economic Industrial Zone to develop
a dedicated business park in the Namibian port town of
Walvis Bay. COCOA
Ghana, the world's number two cocoa producer, has sold
nearly 200,000 tonnes of cocoa for the 2020/21 season, with
prices including a new premium to support farmers, the head
of the cocoa regulator told Reuters. the latest precious metals report click on GOL/
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