NAIROBI, Feb 23 (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 stock markets were pinned near seven-week lows on
Thursday while the dollar stood at multi-week peaks, as a
run of strong economic data had investors worrying interest
rates will need to keep rising and stay high to put the
brakes on inflation. WORLD OIL PRICES
Oil prices rose slightly in thin Asian trade on Thursday,
pausing from a six-day losing streak fed by mounting
concerns that more aggressive interest rate increases by
central banks could pressure economic growth and fuel
demand. EMERGING MARKETS
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South Africa's rand strengthened against the U.S. dollar and
dollar-denominated bonds of Eskom rose, after the finance
minister said in his 2023 budget speech that the government
would take on more than half of the state utility's
debt. NIGERIA ECONOMY
Nigeria's economic growth slowed to 3.52% in the fourth
quarter from 3.98% a year earlier , as
widespread flooding destroyed farms, oil production declined
and industry was squeezed by rising costs, the statistics
office said. NIGERIA ELECTION
Nigerians will vote on Saturday in what could be their most
credible and close electoral contest since military rule
ended nearly a quarter of a century ago - and the first in
which a presidential candidate who is not from one of the
two main parties stands a chance. KENYA MARKETS
Kenya's shilling dropped to new all-time low on
Wednesday due to a rise in dollar demand from general goods
importers, petroleum-retailers and manufacturing companies,
traders said. KENYA TOURISM
Kenya's tourism industry, one of the East African nation's
top sources of hard currency, surged 83% in 2022 to 268
billion shillings ($2.13 billion) as COVID curbs eased, the
government said on Wednesday. UGANDA DEBT
The Ugandan government will not engage in any external
borrowing in the financial year that starts in July to ease
debt-servicing pressures, the finance ministry
said. NAMIBIA ECONOMY
Namibia expects economic growth of 3.2% in 2023, down from
an earlier forecast of 3.4% reflecting lower mining output
estimates this year, Finance Minister Ipumbu Shiimi said on
Wednesday. 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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