*Uganda's central bank is due to announce its latest benchmark lending rate decision.
GLOBAL MARKETS
Asian shares slipped on Monday after a run of upbeat
economic data from the United States and globally lessened
the risk of recession, but also suggested interest rates
would have to rise further and stay up for
longer. WORLD OIL PRICES
Oil prices inched up in early trade on Monday after falling
around 8% last week to more than three-week lows as jitters
over major economies outweighed signs of a demand recovery
in China, the world's top oil importer. EMERGING MARKETS
For the top emerging markets news, double click on AFRICA STOCKS
For the latest news on African stocks, click on SOUTH AFRICA MARKETS
The South African rand fell against the dollar on Friday,
after the release of a whole-economy survey that showed
business activity shrinking in Africa's most industrialised
economy. NIGERIA MARKETS
Nigeria's dollar-denominated government bonds fell on Friday
ahead of a review of its credit rating by S&P Global, after
the West African oil producer was downgraded by another
ratings agency, Moody's, a week earlier. NIGERIA CREDIT RATING
Ratings agency S&P on Friday affirmed Nigeria's credit
rating at "B-/B" but turned negative on its outlook, citing
increasing risks to the country's debt servicing capacity
over the next one-to-two years. NIGERIA PETROLEUM
Nigeria's state-owned national oil company NNPC Ltd has
signed a $741 million contract with South Korean firm Daewoo
to modernise a refinery in northern Kaduna state, NNPC said
on Friday. KENYA MARKETS
The Kenyan shilling weakened on Friday, remaining
under pressure due to dollar demand from importers, traders
said. KENYA PMI
Kenya's private sector activity rose for a third consecutive
month in January, helped by improved business in
agriculture, manufacturing, services and wholesale and
retail sectors, a survey showed on Friday. ETHIOPIA CONFLICT
Ethiopian Prime Minister Abiy Ahmed met senior leaders of
the Tigray region forces on Friday for the first time since
they signed a peace deal with the national government ending
two years of war, the state-run broadcaster
said. DEMOCRATIC REPUBLIC OF CONGO CONFLICT
East African regional leaders on Saturday renewed their call
for an immediate ceasefire by all sides in the conflict in
eastern Democratic Republic of Congo that pits the country's
military against a rebel group it has accused Rwanda of
supporting. GHANA DEBT
Germany's finance minister singled out China during a visit
to Ghana on Friday, as he called on countries that have lent
to the embattled West African nation to form a creditor
committee quickly to help it restructure its
debt. GHANA TELECOMS
South African mobile operator MTN Group Ltd's MTNJ.J
Ghanaian unit has been exempted of tax claims worth about
$665 million by the Ghana Revenue Authority, the company
said on Friday. MOZAMBIQUE NATURAL GAS
The head of TotalEnergies met Mozambique President
Filipe Nyusi on Friday to discuss the humanitarian situation
in the Cabo Delgado area, where a 2021 attack on civilians
led to a key liquefied natural gas (LNG) project being
halted. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on (Compiled by Nairobi Newsroom)
