NAIROBI, Nov 27 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
- - - - -
EVENTS:
MAURITIUS - The central bank announces its latest repo rate
decision.
*Namibia holds presidential elections.
GLOBAL MARKETS
Asian shares rose on Wednesday as upbeat signals from
Sino-U.S. trade talks fanned hopes of an easing of tariff
hostilities, while expectations the Federal Reserve will
keep interest rates low supported
sentiment. MKTS/GLOB
WORLD OIL PRICES
Oil fell on Wednesday after an industry report showed an
unexpected build in U.S. crude inventories, but optimism
around the signing of the first phase of a U.S.-China trade
deal capped a deeper slide in prices. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand steadied in afternoon trade on Tuesday,
while stocks fell, as traders awaited further developments
in trade negotiations between the United States and
China. CENTRAL BANK RATE
The Nigerian central bank left its benchmark lending rate on
hold at 13.5% on Tuesday, after a government decision to
close borders with neighbouring countries sent inflation to
a 17-month high last month. MARKETS
The Kenyan shilling KES= weakened on Tuesday due to uptick
in end month dollar demand from the energy and manufacturing
sectors, traders said. BANKING
Kenyan banks will not return to the "wild west kind of
banditry" after a cap on commercial lending rates was lifted
this month, the governor of the central bank said on
Tuesday. LOAN
Tanzania has received a $1 billion syndicated loan arranged
by the Trade and Development Bank for infrastructure
projects and is seeking an additional $500 million from the
regional lender, the presidency said. COPPER
Zambia's Konkola Copper Mines (KCM) smelter could restart
next week after a delay of around a fortnight, mines
minister Richard Masukwa told Reuters. REPUBLIC OF CONGO MINING
Glencore's GLEN.L Mutanda mine in Democratic Republic of
Congo has suspended operations prematurely due to
difficulties procuring sulphuric acid, a key input for
copper and cobalt extraction, its Mutanda Mining subsidiary
told employees in a letter on Monday. the latest precious metals report click on GOL/
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