NAIROBI, Feb 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 were hesitant on Monday as a U.S. holiday made
for slow trading ahead of minutes of the last Federal
Reserve meeting and a reading on core inflation that could
add to the risk of interest rates heading higher for
longer. WORLD OIL PRICES
Oil prices were little changed in early Asian trade on
Monday, after settling down $2 a barrel on Friday, as rising
supplies in the United States and forecasts of more interest
rate hikes cooled optimism over China's demand
recovery. EMERGING MARKETS
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South Africa's rand on Friday recouped some losses from the
previous session, when President Cyril Ramaphosa defended
his decision to appoint a minister of electricity to try to
end crippling power cuts. NIGERIA PETROLEUM
Nigeria's oil output is increasing and as of Thursday stood
at 1.6 million barrels per day (bpd), up from less than 1
million bpd in July last year, the group chief executive of
Nigerian oil company NNPC said on Friday. NIGERIA ELECTION
Nigeria's presidential hopeful Atiku Abubakar on Saturday
said he would bring peace and unity to the country and
improve its economic fortunes as he made his final campaign
stop. KENYA MARKETS
The Kenyan shilling waned against the dollar on
Friday, as foreign-currency demand across all sectors
outpaced inflows. KENYA DEBT
Kenya may opt to issue a Eurobond with a different tenor to
manage next year's maturity of a $2 billion, 10-year bond,
the director of its debt management office told Reuters on
Friday. DEMOCRATIC REPUBLIC OF CONGO MINING
Congo's state auditor has demanded an additional $17 billion
of investments from a 2008 infrastructure-for-minerals deal
with Chinese investors that is currently being renegotiated,
a report seen by Reuters showed. GHANA MINING
Ghana's state-owned Minerals Income Investment Fund (MIIF)
is in talks with Atlantic Lithium , to
invest up to $30 million in the company developing a lithium
mine in the West African country. GHANA DEBT
Investment bank Morgan Stanley has lifted the average
"recovery value" for Ghana's defaulted dollar-denominated
government bonds to $46 from a previous forecast of $41
following the country's deal to restructure its local
currency debt. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on
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