The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Wednesday.
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GLOBAL MARKETS
Asian shares tracked Wall Street's rally on Wednesday, after
U.S. central bank comments pointed to increasing prospects
of an interest rate cut, boosting investor sentiment and
pushing the dollar lower. MKTS/GLOB
WORLD OIL PRICES
Oil prices resumed their slide on Wednesday, dragged down by
a surpise gain in U.S. inventories and comments from the
head of Russian state oil producer Rosneft questioning the
point of a deal with OPEC to withhold
supplies. O/R
EMERGING MARKETS
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STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand slumped on Tuesday after data showed the
worst quarterly economic contraction in a decade at the
start of 2019, while stocks gained. MARKETS
The Kenyan shilling KES= firmed against the dollar on
Tuesday supported by inflows from diaspora remittances amid
thin dollar demand from oil importers, traders
said. SUGAR
An Ethiopian government company has issued an international
tender to buy up to 100,000 tonnes of white cane sugar,
European traders said on Tuesday. MINING/VEDANTA
A court hearing following Zambia's decision to name a
provisional liquidator to run Vedanta Resources' Konkola
Copper Mines (KCM) business was adjourned for a week on
Tuesday without tackling Vedanta's demands to be involved,
the company said. SOCCER
Key striker Knowledge Musona says Zimbabwe aim to be the
"Ajax Amsterdam" of the Africa Cup of Nations finals in
Egypt starting later this month, hoping to surprise with a
run deep into the competition. POLITICS
The number of people killed since security forces stormed a
protest camp outside Sudan's Defence Ministry in central
Khartoum two days ago has risen significantly to 60, a
doctors group linked to the opposition said on
Wednesday. DEBT
Mozambique's top court has ruled that a
government-guaranteed $850 million Eurobond issued by
state-run tuna-fishing company Ematum in 2013 was illegal,
court documents showed. SECURITY
Islamic State claimed responsibility on Tuesday for a deadly
overnight attack in an area of eastern Congo hit by an Ebola
epidemic, although its account of the violence differed from
local reports. FASO FRANCE/JUSTICE
France's highest court paved the way for the extradition to
Burkina Faso of the brother of ex-Burkinabe president Blaise
Compaore on Tuesday by rejecting Francois Compaore's
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