NAIROBI, March 22 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Wednesday.
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GLOBAL MARKETS
Asian shares staged a cautious bounce on Wednesday with
hopes a global banking crisis would be averted vying with
uncertainty over the outlook for U.S. interest rates as the
Federal Reserve holds a high-stakes meeting on policy. WORLD OIL PRICES
Oil fell in Asian trade on Wednesday morning, paring two
straight days of gains after an industry report showed U.S.
crude inventories rose unexpectedly last week in a sign fuel
demand may be weakening. EMERGING MARKETS
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The Kenyan shilling lost ground on Tuesday as
elevated foreign exchange demand from energy importers and
manufacturers continued to pressure the local currency,
traders said. NIGERIA POLITICS
Nigeria's two main opposition leaders on Tuesday filed
petitions seeking to cancel results from last month's
disputed presidential election, court papers showed, to
begin what could be a legal battle lasting several months. NIGERIA RATES
Nigeria's central bank raised its benchmark lending rate by
50 basis points to 18% on Tuesday as monetary
authorities continued to tighten policy to rein in inflation
which has squeezed consumer purchasing power. UGANDA POLITICS
Uganda's parliament on Tuesday passed a law that
criminalises identifying as LGBTQ, handing authorities broad
powers to target Ugandans who already face legal
discrimination and mob violence. ETHIOPIA CONFLICT
Ethiopia and Eritrea on Tuesday rejected a determination by
the U.S. State Department that their armies, along with all
sides in the recently concluded conflict in Ethiopia's
northern Tigray region, had committed war crimes. ANGOLA RATES
Angola's central bank cut its main interest rate for a second time this year on Tuesday,
lowering it by 100 basis points to 17% after inflation fell
to a multi-year low. 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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