NAIROBI, March 23 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Thursday.
- - - - -
GLOBAL MARKETS
Asian shares inched higher on Thursday after the Federal
Reserve hinted it could pause interest rate hikes following
turmoil in the banking sector, though it also reiterated its
commitment to fighting sticky inflation. WORLD OIL PRICES
Oil prices fell on Thursday following three sessions of
gains, after U.S. Federal Reserve Chair Jerome Powell
re-stated his commitment to curbing inflation, including the
possibility of more interest rate rises. EMERGING MARKETS
For the top emerging markets news, double click on AFRICA STOCKS
For the latest news on African stocks, click on SOUTH AFRICA MARKETS
South Africa's rand strengthened on Wednesday as the U.S.
dollar slipped ahead of a highly anticipated interest rate
decision by the U.S. Federal Reserve. KENYA MARKETS
Kenya's government is working with the central bank to
revive the interbank foreign exchange market, President
William Ruto of the East African country said on Wednesday. NIGERIA POLITICS
Nigeria's president-elect Bola Tinubu on Wednesday dismissed
Nigerian media reports of ill health, his campaign saying he
had travelled abroad to rest and plan his transition
programme after a "very exhaustive" presidential election
campaign. ETHIOPIA CONFLICT
Ethiopia's parliament on Wednesday removed the Tigray
region's main political movement from a list of terrorist
organizations, a major step towards establishing an interim
local government after a two-year civil war. IVORY COAST GROWTH
Ivory Coast's economy is expected to grow by 7.2% this year,
government spokesman Amadou Coulibaly said on Wednesday.
The government also predicted 7.2% growth for 2022 mid-last
year, and did not give an update. GHANA DEBT
Ratings agency Fitch on Wednesday upgraded Ghana's long-term
local-currency issuer default rating to 'CCC' from
'restricted default', after the country started settling
payments on outstanding local bonds following a domestic
debt restructuring. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on
499 1232))
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.