NAIROBI, Oct 26 - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
GLOBAL MARKETS
Asian shares got the week off to a hesitant start on Monday as surging coronavirus cases in Europe and the United states undermined the global outlook, while China's leaders meet to ponder the future of the economic giant.
WORLD OIL PRICES
Oil extended last week's losses on Monday, falling nearly 2% as a surge in COVID-19 infections in the United States and Europe prompted concern over crude demand, while the prospect of increased supply also hit sentiment.
SOUTH AFRICA MARKETS
South Africa's rand steadied in early trade on Friday but was on track to clock weekly gains as optimism about a new stimulus package in the United States boosted risk taking.
AFRICA CORRUPTION
South African state logistics firm Transnet, which has faced allegations of corruption, said on Friday irregular expenditure in 2020 dropped to 9.97 billion rand ($614 million) compared to 18.51 billion rand in the previous year.
AFRICA MINING
South Africa's main mining industry body on Friday criticised the government's proposal of a chrome ore export tax to boost domestic ferrochrome producers, saying a tax would not address the key issue of globally uncompetitive electricity costs.
PROTESTS
Gangs armed with knives and sticks blocked major roads in Lagos on Friday, with many on the streets angered by a speech in which the president called for calm but failed to condemn the killing of protesters demanding an end to police brutality.
MARKETS
Kenya's shilling (KES=) weakened on Friday due to increased dollar demand from the energy sector, traders said.
RWANDA JUSTICE
A Rwandan court extended the detention of "Hotel Rwanda" hero Paul Rusesabagina on Friday pending trial on terrorism charges and denied him bail, the judge hearing the case said.
POLITICS
President Alpha Conde of Guinea won the Oct. 18 election with 59.5% of the vote, according to a full preliminary tally from the election commission on Saturday.
OIL
Angola's state oil firm Sonangol has hired Jefferies investment bank to help sell its more than 30% stake in Puma Energy, in which commodity trader Trafigura has a 55% stake, a source familiar with the matter said.
POLITICS
The Seychelles elected an opposition candidate as president for the first time since 1977, authorities announced on Sunday, and winner Wavel Ramkalawan reaffirmed a pledge to hike the minimum wage after COVID-19 stifled the tourism-dependent economy.
POLITICS
An opposition party campaign manager in semi-autonomous Zanzibar said on Sunday that he had been seized and threatened by armed men, while a parliamentary candidate was still missing before Tanzanian elections next week.
DAM
Ethiopia on Saturday summoned the U.S. ambassador over what it called an "incitement of war" between Ethiopia and Egypt from President Donald Trump over their dispute about the filling and operation of a massive hydropower dam.
VIOLENCE
Gunmen stormed a school in Cameroon on Saturday and opened fire indiscriminately, killing at least six children and wounding about eight more in a region where separatist insurgents operate, officials and parents said.