The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Tuesday.
- - - - -
EVENTS:
KENYA - The central bank governor holds a press conference
to explain the bank's decision on Monday to maintain lending
rates. Expexted at 0800 GMT.
GLOBAL MARKETS
Asian shares edged up on Tuesday lifted by gains in China
and as auto firms climbed on merger news, but broad
uncertainties over trade and economic growth kept a lid on
gains.
MKTS/GLOB
WORLD OIL PRICES
Brent crude oil prices consolidated above $70 per barrel on
Tuesday as supply cuts led by producer club OPEC and U.S.
sanctions on Iran's and Venezuela's fuel exports outweighed
concerns about an economic slowdown.
O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand weakened slightly on Monday in subdued
trading with no economic data and investors awaiting
President Cyril Ramaphosa's announcement of a new cabinet
that will implement his economic reform plans.
MARKETS
Nigeria will issue a green bond of up to 15 billion naira
($49 million) to fund environmental projects, the country's
debt office said on Monday.
BUDGET
Nigerian President Muhammadu Buhari signed an 8.9 trillion
naira ($29 billion) budget for 2019 into law on Monday.
MARKETS
The Kenyan shilling was stable against the dollar on Monday
with inflows from diaspora remittances and offshore
investors helping balancing end month dollar demand from oil
and merchandise importers, traders said.
RATES
Kenya's central bank left its benchmark lending rate
unchanged KECBIR=ECI at 9.0% on Monday but its monetary
policy committee said it would keep an eye on recent food
and fuel price rises that could fuel inflation.
RATES
The central bank left its policy rate unchanged at 16
percent.
ZIMBABWE ECONOMY
Zimbabwe government figures blamed exporters on Monday for
exacerbating a dollar shortage and warned the power utility
against fuelling inflation as the state grappled with a
mounting economic crisis.
ELECTION
President Peter Mutharika won Malawi's presidential election
with 38.57% of votes, the electoral commission said on
Monday, narrowly securing another five-year term after
delays over suspected tampering.
VEDANTA
Vedanta Resources VDAN.NS is open to dialogue with the
Zambian government but will defend its legal rights and
opposes the appointment of a provisional liquidator at its
Konkola Copper Mines business, the company's CEO said on
Monday.
VTB
Russia's second-largest bank VTB is considering selling its
stake in Angola-based Banco VTB Africa, VTB told Reuters on
Monday, adding that it was too early to talk about details
of the possible deal.
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Th