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African Markets - Factors to watch on January 20

Published 20/01/2020, 05:37
© Reuters.  African Markets - Factors to watch on January 20
USD/KES
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CFRJ
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NAIROBI, Jan 20 (Reuters) - The following company announcements, scheduled economic

indicators, debt and currency market moves and political events may affect African markets on

Monday.

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GLOBAL MARKETS

Asian shares neared a 20-month top on Monday as Wall Street

extended its run of record peaks on solid U.S. economic data

and lashes of liquidity from the Federal Reserve.

MKTS/GLOB

WORLD OIL PRICES

Oil prices rose to their highest in more than week on Monday

after two large crude production bases in Libya began

shutting down amid a military blockade, setting the stage

for crude flows from the OPEC member to be cut to a trickle.

EMERGING MARKETS

For the top emerging markets news, double click on

STOCKS

For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS

South African stocks rose to near seven-month highs on

Friday, underpinned by gains in heavyweight Richemont

CFRJ.J and mining firms, while the rand fell against a

broadly stronger dollar. KENYA MARKETS

The Kenyan shilling KES= was firm on Friday supported by

inflows from the horticulture sector and diaspora

remittances, traders said. KENYA LOANS

Kenya is in advanced talks with the World Bank for "a fairly

priced" loan of up to 100 billion shillings ($991.57

million), nearly half of its required external funding this

fiscal year, a senior Treasury official said on Friday.

KENYA INFRASTRUCTURE

Hundreds of mismanaged infrastructure projects have stalled

in Kenya and it will cost around $10 billion to revive them,

the IMF said in a report whose findings point to a growing

power struggle at the heart of government.

NIGERIA LOANS

Nigeria plans to talk to concessionary lenders about 850

billion naira ($2.8 billion) external borrowings earmarked

in its 2020 budget, the head of the debt office said on

Friday.

NIGERIA BONDS

Nigeria plans to issue sukuk bonds worth 150 billion naira

($490 mln) on the local market this year, the Debt

Management Office said on Friday.

NIGERIA INFLATION

Annual inflation in Nigeria rose for the fourth straight

month in December, marking the longest run of increases in

almost two years as prices climbed across all categories

measured by the statistics bureau. For the latest precious metals report click on GOL/

For the latest base metals report click on MET/L

For the latest crude oil report click on O/L

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