*Tanzania's statistics office expected to release consumer inflation data for February.
*Ghana's president expected to give a state of the nation address.
GLOBAL MARKETS
Asian shares fell sharply on Wednesday, while the dollar
advanced after hawkish comments from Federal Reserve Chair
Jerome Powell raised the possibility of the U.S. central
bank returning to large rate hikes to tackle sticky
inflation. WORLD OIL PRICES
Oil prices steadied in early Asian trade on Wednesday as
industry data showed a draw in U.S. crude oil inventories,
after the market tumbled in the previous session on fears
more aggressive U.S. interest rate hikes would hit
demand. EMERGING MARKETS
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For the latest news on African stocks, click on SOUTH AFRICA MARKETS
South Africa's rand extended its losses against the U.S.
dollar on Tuesday after new data showed the economy
contracted more than expected in the last quarter of
2022. NIGERIA PETROLEUM
NNPC Ltd, which recently took over the assets of Nigeria's
state oil company, expects to decide on where it plans to
list shortly, and an initial public offering of the company
could come in 2024, its chief financial officer said on
Tuesday. KENYA MARKETS
Kenya's shilling was steady on Tuesday, but traders
said it was expected to weaken during the session,
undermined by increased demand for dollars from the energy
and manufacturing sectors, traders said. KENYA OIL
Kenya has issued its first oil import tender under a new
system designed to cut pressure on the foreign exchange rate
by switching to 180-day credit from settlement on delivery,
the head of its energy regulator said on
Tuesday. TANZANIA NATURAL GAS
Negotiations for the construction of a $30 billion liquefied
natural gas (LNG) terminal between Tanzania, Norway's
Equinor and Britain's Shell are complete
and contract preparations are underway, Tanzania's energy
ministry said. BOTSWANA COAL
Minergy Ltd stopped production at its Masama coal
mine in Botswana after a mining contractor halted operations
due to overdue payments, the company said on Tuesday,
blaming weakening coal prices for its operational
problems. 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)
