The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.
EVENTS: KENYA
The finance ministry formally starts the budget-making process for the 2021/22 financial year.
GLOBAL MARKETS
Asian shares struggled to stem a bearish mood on Friday after U.S. big tech firm shares fell again overnight on growing doubts about U.S. stimulus and worries about their stretched valuations.
WORLD OIL PRICES
Oil prices fell for a second day on Friday, pressured by a surprise rise in U.S. stockpiles as the coronavirus pandemic continues to erode demand for fuels.
AFRICA CURRENCIES
Zambia and Nigeria's currencies are expected to come under pressure against the greenback in the coming week as Uganda and Tanzania's hold steady.
AFRICA MARKETS
South Africa's rand weakened on Thursday as data showing contractions in mining and manufacturing in July pointed to a slow recovery in the domestic economy.
MARKETS
Nigerian President Muhammadu Buhari on Thursday directed the central bank to stop issuing foreign exchange for food and fertiliser imports, according to a statement by his spokesman.
MARKETS
The Kenyan shilling (KES=) edged down on Thursday mainly due to demand for dollars by importers, against a lack of adequate sellers in the market.
CREDIT GUARANTEE
Kenya will set up in October a credit guarantee scheme for small and medium-sized businesses hit by the coronavirus, and its capital will eventually rise to at least 100 billion shillings ($923 million), President Uhuru Kenyatta's office said on Thursday.
COAST COCOA
Ivory Coast plans to increase the fixed farmgate price paid to cocoa farmers by more than 21% to 1,000 CFA Francs ($1.84) per kilogram in the 2020/2021 season, sources from the country's Coffee and Cocoa Council (CCC) said on Thursday.
FLIGHTS
Uganda said on Thursday it would reopen its sole international airport to commercial flights on Oct. 1, more than five months after its closure as a measure to curb the spread of the novel coronavirus in the East African nation.
OIL SPILL
Japan's Mitsui OSK Lines Ltd 9104.T said on Friday it would spend about 1 billion yen ($9.42 million) to pay for measures to help Mauritius, including the clean-up of the mangrove forest and contribution to an environmental recovery fund.
CRISIS
Police fired tear gas to disperse campaigners for civilian rule before substantive talks over Mali's political future began in Bamako on Thursday, a sign of a deepening rift over who should lead the post-coup transitional government.