Bullish indicating open at $55-$60, IPO prices at $37
The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Thursday.
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GLOBAL MARKETS
Asian shares turned lower on Thursday after the U.S. Federal
Reserve cut interest rates as expected but signalled a
higher bar to further policy easings. MKTS/GLOB
WORLD OIL PRICES
Oil prices edged higher in early Asian trade on Thursday
after days of turbulence, with markets soothed by Saudi
Arabia's pledge to restore full production by end-September
at facilities knocked out in drone and missile attacks last
weekend. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand steadied on Wednesday as fears of an oil
price spike eased and investors waited for a U.S. Federal
Reserve interest-rate decision. OIL
Nigeria's state oil company on Wednesday raised October
official selling price (OSP) for Bonny Light BON-E and Qua
Iboe crude oil QUA-E to dated Brent plus 172 cents and 167
cents per barrel, respectively. MARKETS
The Kenyan shilling KES= weakened against the dollar on
Wednesday due to excess local currency liquidity in the
money markets and dollar demand from merchandise importers,
traders said. POLICY
Africa has embraced sound economic policies and even the
political class has started to appreciate the importance of
such policies, Kenya's central bank governor said on
Wednesday. HEALTH
Tanzania has formally told the World Health Organization
(WHO) that it has no cases of Ebola after a woman died there
earlier this month from an unknown illness following
Ebola-like symptoms, the organisation said on
Wednesday. RIGHTS
Lawyers representing a prominent Tanzanian journalist
demanded on Wednesday that authorities who have charged him
with financial crimes conclude their investigations and
release him if they lack evidence. MARKETS
The Ugandan shilling UGX= was unchanged on Wednesday, and
was expected to gain ground due to dollar from exporters of
commodities like coffee, tea and gold. RUSSIA
Uganda said on Wednesday it had signed an Inter-Governmental
Agreement (IGA) with Russia to help the East African country
build capacity to exploit nuclear technology for energy,
medical and other peaceful purposes. VIOLENCE
Democratic Republic of Congo's army said on Wednesday it had
killed Sylvestre Mudacumura, the commander of a Rwandan Hutu
militia who is wanted by the International Criminal
Court. COAST GHANA COCOA
Ghana and Ivory Coast, the world's top cocoa producers, are
looking at introducing a cocoa production ceiling to support
global prices and discourage overproduction, the countries'
industry regulators said on Wednesday. HEALTHCARE
Striking Zimbabwean doctors said on Wednesday they were
being threatened with death and suspected state security
agents were pressuring them after police blocked their
second protest march over the disappearance of their union
leader. FIRE
A fire at an Islamic school in Liberia has killed at least
27 children, police said on Wednesday. FASO MALARIA
Scientists in Burkina Faso have deployed a new weapon in the
fight against malaria, and waded into a thorny bioethics
debate, by letting loose thousands of genetically sterilised
mosquitoes. IMF
Malawi's economy is likely to expand by 4.5% this year, the
International Monetary Fund (IMF) said late on Tuesday,
boosted by improved agricultural production and the
rebuilding of infrastructure damaged by Cyclone
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