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
Oil shed some of its massive gains on Tuesday as the United
States flagged the possible release of crude reserves, but
the threat of military action over the attacks on Saudi oil
facilities kept prices elevated and stocks under
pressure. MKTS/GLOB
WORLD OIL PRICES
Oil fell more than 1% on Tuesday as the market hung on
tenterhooks following attacks on Saudi Arabian crude
facilities that cut the kingdom's production in half and
sent prices soaring by the most in decades. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand weakened on Monday, with global risk
appetite dented by a weekend attack on Saudi Arabian
refining facilities that hit global oil supplies and saw
prices spike. STOCKS
Nigerian stocks shed 0.74% on Monday, erasing gains posted
in early trades as Airtel Africa AIRTELAFRI.LG fell and
investors booked profits after the index climbed to a
six-week high. MARKETS
The Kenyan shilling KES= was stable against the dollar on
Monday with inflows from offshore investors buying
government debt helping ease pressure from merchandise
importers and excess liquidity in the local money market,
traders said. ENERGY
Tanzania said on Monday it planned to construct a 30-km
pipeline to extend the country's natural gas supply network
from the capital Dar es Salaam to the nearby town of
Bagamoyo to provide cheaper energy for factories and
households there. TANZANIA HEALTH
Zanzibar's traditional healers with their toolkits of herbs,
holy scriptures and massages are being registered by
authorities keen to regulate the practitioners who treat
everything from depression to hernias. HEALTHCARE
Hundreds of Zimbabwean doctors protested in central Harare
on Monday over the disappearance of the leader of their
union, but riot police blocked them from marching to
President Emmerson Mnangagwa's office. PORT
Switzerland's Terminal Investment Limited (TIL) has been
tapped to renovate and manage Cameroon's main Douala port
starting next year, the port's director-general said on
Monday. DAM/ EGYPT
Egypt says Ethiopia has "summarily rejected" its plan for
key aspects of operating a giant dam the East African nation
is building on the Nile, while dismissing Ethiopia's own
proposal as "unfair and inequitable". MARKETS
The Uganda shilling UGX= was unchanged on Monday due to
reduced demand for dollars as most firms reserved their
local currency holdings to meet mid-month tax
payments. the latest precious metals report click on GOL/
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