The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Tuesday.
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GLOBAL MARKETS
Asian share markets wobbled on Thursday as concerns that
tensions over Hong Kong may stymie a U.S.-China trade deal
cast a pall over Thanksgiving cheer from positive U.S.
economic data.
MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Thursday, extending losses from the
previous session after official data showed U.S. crude and
gasoline stocks rose against expectations and production hit
a record.
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed on Wednesday, tracking its
emerging market peers after comments from U.S. President
Donald Trump spurred hopes of a resolution to the trade
dispute between the United States and China.
BORDER CLOSURE
Nigeria met with its West African neighbours on Tuesday over
its land border closure, with the African giant insisting on
levying duties on goods transiting to its country through
neighbouring nations to curb smuggling.
MARKETS
Kenya's shilling KES= weakened on Wednesday due to
increased dollar demand from importers in sectors like
energy, traders said.
KENYA BUDGET
A Kenyan parliament committee has cut the extra funding the
finance ministry had requested in the 2019-20 budget, saying
the ministry's revenue collection will fall short of
forecasts.
POLITICS
Kenya should create more senior political posts including
that of prime minister and increase payments to regional
governments to try to end cyclical election violence, a
government report said on Wednesday.
CENTUM
Kenya's Centum Investment Company CTUM.NR said on Thursday
its first half pretax profit more than tripled to 7.72
billion shillings ($76.06 million) on the back of a surge in
its investment income.
FASTJET
Fastjet Plc FJET.L said on Wednesday it is in talks to
sell its Zimbabwean operations to a consortium led by its
biggest shareholder Solenta Aviation for $8 million, a deal
which could help the South African low-cost carrier stay
alive until 2021.
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