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African Markets - Factors to watch on Nov. 27

Published 27/11/2020, 06:00
Updated 27/11/2020, 06:00
© Reuters.

© Reuters.

NAIROBI, Nov 27 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Friday.
- - - - -
GLOBAL MARKETS
Asian shares fell slightly on Friday, pulling back from a
record high hit earlier this week, amid renewed doubts about a
highly-anticipated coronavirus vaccine and concern about the
economic impact from the pandemic. MKTS/GLOB

WORLD OIL PRICES
Oil prices were mixed on Friday in quiet trade due to the U.S.
Thanksgiving holiday, with West Texas Intermediate (WTI)
dropping more than 1% amid concerns about oversupply and doubts
about a vaccine to end the coronavirus
pandemic. O/R

EMERGING MARKETS
For the top emerging markets news, double click on STOCKS
For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS
The South African rand weakened on Thursday as focus shifted to
bleak economic prospects for Africa's most industrialised
economy. MARKETS
Kenya's shilling KES= weakened on Thursday against the dollar
due to demand from merchandise and energy importers looking to
meet their end-of month of obligations, traders
said. L8N2IC21S

KENYA CENTRAL BANK
Kenya's central bank held its benchmark lending rate for the
fifth time in a row KECBIR=ECI at 7.0% on Thursday, its
monetary policy committee said, adding that an accommodative
policy stance was having the intended effect on the
economy. BANKS
Kenya's top lender by assets, KCB Group KCB.NR , has entered a
binding agreement to buy a controlling stake in Banque
Populaire du Rwanda and take full ownership of ABC Tanzania at
a combined value of $40 million, it said on
Thursday. CONFLICT
The Ethiopian military will begin the "final phase" of an
offensive in the northern Tigray region, Prime Minister Abiy
Ahmed said on Thursday, after an ultimatum expired for Tigrayan
forces to surrender. FASO ELECTION
Burkina Faso President Roch Kabore has won re-election by a
comfortable margin, preliminary results showed on Thursday,
after an election marred by insecurity that prevented swathes
of the West African country from voting. CORONAVIRUS
Mass vaccination against COVID-19 is unlikely to start in
Africa until midway through next year and keeping vaccines cold
could be a big challenge, the continent's disease control group
said on Thursday. ECONOMY
Zimbabwe's economy is set to rebound in 2021 after a recession
brought on by the coronavirus pandemic and drought, with
mining, agriculture and moderating inflation anchoring the
recovery, Finance Minister Mthuli Ncube told parliament on
Thursday. For the latest precious metals report click on GOL/
For the latest base metals report click on MET/L
For the latest crude oil report click on O/L

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