NAIROBI, Feb 9 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
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GLOBAL MARKETS
Asian shares tracked Wall Street lower on Thursday, as a
number of Federal Reserve speakers echoed Chair Jerome
Powell in saying that interest rates are set to go higher,
capping risk sentiment, while the dollar hovered near
one-month highs. WORLD OIL PRICES
Oil edged up in early trade on Thursday, extending gains for
a fourth consecutive day, as crude loading disruptions in
Turkey and optimism over China's recovering demand continued
to buoy sentiment. EMERGING MARKETS
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South Africa's rand weakened against the dollar on Wednesday
as investors awaited potential news from President Cyril
Ramaphosa's State of the Nation address on
Thursday. NIGERIA CURRENCY
Nigeria's Supreme Court on Wednesday prevented the
government from enforcing a Friday deadline for citizens to
swap old banknotes for new ones, as the International
Monetary Fund flagged disruptions to trade and
payments. KENYA MARKETS
Kenya's shilling weakened to hit a fresh all-time low
on Wednesday due to a general increase in demand for dollars
especially from oil retailing companies, before recouping
its losses, traders said. RWANDA ECONOMY
Rwanda's economy is forecast to grow at a slightly slower
pace this year before picking up speed again in 2024 and
2025, Finance Minister Uzziel Ndagijimana said on
Wednesday. GABON MINING
Australia's Fortescue Metals Group has entered into
a deal with the Gabonese government to mine iron ore from
its project in Belinga and plans to start as soon as the
second half of 2023, the company said on
Wednesday. TOTALENERGIES MOZAMBIQUE
TotalEnergies CEO Patrick Pouyanne said on Wednesday any
relaunch of operations on its Mozambique LNG project was
contingent on favourable findings from an independent human
rights report he has commissioned and internal cost analyses
to ensure it still makes financial sense. 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)
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