The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
- - - - -
EVENTS:
KENYA - The statistics office will release inflation data
for November. The rate rose to 4.95% in October.
GLOBAL MARKETS
Asian markets slipped on Friday leaving global shares just
short of an all-time peak as investors turned cautious,
fearing a new U.S. law backing Hong Kong protesters could
torpedo efforts to end the U.S.-China trade war.
MKTS/GLOB
WORLD OIL PRICES
Oil prices were steady on Friday in quiet trade with the
U.S. Thanksgiving holiday underway, while investors awaited
a meeting of OPEC and its allies next week that may result
in the extension of a production cut agreement to support
the market.
EMERGING MARKETS
For the top emerging markets news, double click on
STOCKS
For the latest news on African stocks, click on .J
AFRICA CURRENCIES
Zambia's currency is expected to remain on the back foot
against the U.S. dollar next week as those of Nigeria, Kenya
and Uganda hold steady.
AFRICA MARKETS
South Africa's rand steadied on Thursday as investors
assessed the impact of U.S. backing for protesters in Hong
Kong on its trade negotiations with China, while stocks
fell.
ASSET SEIZURES
The Nigerian government on Thursday placed a bank guarantee
of $200 million with a high court in London to secure a stay
on asset seizures of up to $9 billion related to a failed
gas project, a spokesman for its attorney general said.
OIL BLOCKS
Chevron has launched the sale of its stakes in two Nigerian
offshore oil and gas blocks, a sale document seen by Reuters
shows, as the company seeks to dispose of ageing assets to
focus on its fast-growing U.S. production.
STATUE
A Cambridge University college said on Thursday it would
return an antique statue of a cockerel to Benin City in
Nigeria, more than 120 years after it was looted by British
colonial forces.
MARKETS
The Kenyan shilling KES= weakened on Thursday due to a
surge in end month dollar demand from merchant importers and
the energy sector, traders said.
KENYA CENTUM
Kenya's Centum Investment Company Plc CTUM.NR expects real
estate sales and higher income from other investments to
lift its earnings in its next financial year, it said on
Thursday, after first-half profit trebled.
GRAINS
Zimbabwe President Emmerson Mnangagwa's government will
scrap its plan to remove grain subsidies next year, a move
it says will protect impoverished citizens from rising food
prices, state media reported on Thursday.
ELECTRICITY
Uganda has lifted its objections to a South African firm
conducting a study for a hydropower dam at a site on the
River Nile where spectacular waterfalls and wild game have
been a major tourist draw, the tourism minister said on
Thursday.
Bank of Kigali's third quarter pretax profit rose 58.9% to
14.6 billion Rwandan francs ($16.07 million), helped by
growth in its loan book, Rwanda's biggest lender by assets
said 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