NAIROBI, March 6 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Monday.
- - - - -
GLOBAL MARKETS
Asian shares edged up on Monday while bond markets held
their breath ahead of an update on the U.S. rate outlook
from the world's most powerful central banker, and a jobs
report that could decide if the next hike needs to be
super-sized. WORLD OIL PRICES
Oil prices opened lower on Monday after China set a
lower-than-expected target for economic growth this year at
around 5%, and as investors cautiously awaited U.S. Federal
Reserve Chair Jerome Powell's testimony this
week. EMERGING MARKETS
For the top emerging markets news, double click on AFRICA STOCKS
For the latest news on South African stocks, click on SOUTH AFRICA MARKETS
South Africa's rand firmed on Friday, helped by strong
Chinese data and a positive PMI return that showed South
Africa's private sector activity recovering from a downturn. NIGERIA ELECTION
Six opposition-led Nigerian states on Friday night withdrew
a Supreme Court petition to invalidate the result of last
weekend's presidential vote, which they had argued violated
electoral rules, court papers showed. NIGERIA CASH
Nigeria's Supreme Court on Friday ordered the central bank
to extend until Dec. 31 the use of old banknotes, whose
withdrawal from circulation became an election issue after
it caused cash shortages, widespread hardship and
anger. NIGERIA OIL PIPELINE
An explosion on a Nigerian oil pipeline owned by Shell killed at least 12 people on Friday, authorities at
the scene said, while members of the affected community in
Emohua said they feared many more had died in the
blast. KENYA MARKETS
Kenya's shilling dropped against the dollar on Friday
on the back of scattered foreign-currency demand from
several sectors particularly manufacturing, traders
said. KENYA PMI
Kenya's private sector activity contracted in February,
weighed down by a steep weakening of the shilling,
inflationary pressure on consumer spending and growing tax
burdens for firms, a survey showed on Friday. KENYA ELECTRICITY
Power was restored to parts of Kenya after a nationwide
blackout lasting several hours which was thought to have
been caused by a fault on a transmission line, electricity
distributor Kenya Power said on
Saturday. SOUTH SUDAN POLITICS
South Sudan President Salva Kiir has sacked two top security
ministers, violating the terms of a peace agreement with
opposition party leader First Vice President Riek
Machar. GHANA DEBT
A panel of investors on Friday determined that a credit
event had occurred with respect to Ghana, triggering
payments of default insurance known as credit default
swaps. MOZAMBIQUE BONDS
A London judge ordered Mozambique on Friday to allow access
to documents held in state offices or risk derailing a
blockbuster London lawsuit against Credit Suisse ,
shipbuilder Privinvest and others over the $2 billion "tuna
bond" case. ZIMBABWE INFLATION
Zimbabwe will from now on measure inflation using a weighted
average of items priced in Zimbabwean dollars and U.S.
dollars, the government said on Friday. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.