NAIROBI, Feb 24 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Friday.
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GLOBAL MARKETS
Asian markets breathed a sigh of relief on Friday as the
incoming head of Japan's central bank soothed fears of an
early end to super-easy monetary policy, nudging bond yields
lower globally. WORLD OIL PRICES
Oil prices extended gains for a second session on Friday as
the prospect of lower exports from Russia offset rising
inventories in the United States. EMERGING MARKETS
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The South African rand edged lower against the U.S. dollar
on Thursday, losing all the ground gained in response to the
finance minister's budget speech the previous
day. AFRICA CURRENCIES
Kenya's shilling, Uganda's shilling Ghana's cedi and
Zambia's kwacha are expected to weaken against the dollar in
the week to Thursday, while Tanzania's and Nigeria's
currencies are forecast to hold steady, traders
said. NIGERIA ELECTION
A Nigerian senatorial candidate from one opposition party
and the driver of a campaign minibus belonging to another
were killed in a series of coordinated attacks in
southeastern Enugu State ahead of an election on Saturday,
police said on Thursday. KENYA MARKETS
The Kenyan shilling fell on Thursday, undermined by
persistent dollar demand across all sectors of the economy
although demand was strongest from energy and manufacturing
firms, traders said. KENYA AIRLINE
Kenya Airways will restart monthly contributions
to its staff pension fund which were stopped due to the
COVID pandemic, an internal memo showed on Thursday,
resolving a key grievance that led to a pilot
strike. ETHIOPIA DEBT
An informal group of international bondholders has proposed
to Ethiopia's government to extend the maturity of the
country's $1 billion eurobond issue coming due in 2024,
three sources with direct knowledge of the matter told
Reuters. ANGOLA ECONOMY
The International Monetary Fund (IMF) said on Thursday it
estimated Angola's economy to grow at 3.5% this year, close
to the 3.3% growth prediction given by the Angola's central
bank in January. IVORY COAST COCOA
Ivory Coast's cocoa regulator has restricted 20 major
traders, including Cargill and Barry Callebaut, from
purchasing beans for export after they reached their buying
limits, the head of the Coffee and Cocoa Council (CCC) said
on Thursday. ZIMBABWE DEBT
Zimbabwe's president said on Thursday the government was
committed to a plan to clear more than $6 billion of
external debt arrears which were hindering its access to
badly needed international loans. BOTSWANA CENTRAL BANK RATE
Botswana's central bank kept its monetary policy rate unchanged at 2.65% on Thursday, saying it
expected inflation to fall this year and next. 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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