NAIROBI, Nov 14 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
- - - - -
EVENTS:
*NIGERIA - Statistics office releases consumer inflation
data for October.
*ZIMBABWE - The finance minister presents the 2020 national
budget to parliament.
*KENYA - The central bank auctions 91-day, 182-day and
364-day Treasury bills worth a total 24 billion shillings.
GLOBAL MARKETS
Asian stocks fell on Thursday after soft Chinese economic
data showed the trade war between Beijing and Washington
hitting growth in the world's second-largest
economy. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose on Thursday after industry data showed a
surprise drop in U.S. crude inventories while comments from
an OPEC official about lower-than-expected U.S. shale
production growth in 2020 also provided some support for
oil. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand ended firmer on Wednesday, boosted by
signs the Federal Reserve would keep U.S. interest rates
steady in the near future. PETROLEUM
Nigeria is producing 1.6 million-1.7 million barrels per day
(bpd) of crude oil, the chief operating officer of the
Nigerian National Petroleum Corp said on Wednesday, adding
that the country would continue to comply with OPEC output
cuts. MARKETS
The Kenyan shilling KES= strengthened to a new four
month-high against the dollar on Wednesday due to remittance
and inflows from offshore investors buying shares on the
stock market, traders said. BUDGET
Kenya's government spending will increase by 3% this
financial year and its budget deficit will rise, as it
reallocates money to priority projects after lowering its
revenue collection target, new estimates from the Treasury
showed on Wednesday. KCB GROUP RESULTS
Kenya's biggest bank by assets KCB Group KCB.NR reported
on Wednesday a 6% increase in net profit for the first nine
months of this year to 19.2 billion shillings ($187.59
million). COAL POWERED PLANT
The African Development Bank (AfDB) will not fund a
coal-fired power plant project in Kenya and has no plans to
finance new coal plants in future, senior AfDB officials
told Reuters. ECONOMY
The IMF on Wednesday revised up its growth forecast for
Rwanda this year to 8.5%, from its previous projection of
7.8%, crediting strong growth in the first half of the year
and new public and private investments in
construction. MINING
A consortium representing Chinese, French and Singaporean
interests won a $14 billion tender to develop part of
Guinea's Simandou iron ore project, sources familiar with
the talks told Reuters, edging out Australia's Fortescue
Metals Group FMG.AX . MINING
Zimbabwe will vigorously enforce a policy to force companies
to develop their mining assets and not keep the land for
speculative purposes, mines minister Winston Chitando said
on Wednesday. ECONOMY
Ghana expects economic growth to slow and the budget deficit
to rise next year as oil production drops off sharply, the
finance minister said on Wednesday. ECONOMY
Mozambique's economic growth rate will hit 5.5% in 2020, the
International Monetary Fund forecast on Wednesday, saying
the southern African nation will benefit from factors
including reconstruction efforts following two devastating
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