NAIROBI, March 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 shares were lower on Friday as lingering banking
stability concerns gripped Wall Street, while bonds bet the
recent slew of rate hikes by central banks will be among the
last of the cycle, allowing for policy relief later in the
year. WORLD OIL PRICES
Oil prices fell on Friday, extending the previous day's
losses, on worries about potential oversupply after U.S.
Energy Secretary Jennifer Granholm said refilling the
country's Strategic Petroleum Reserve (SPR) may take several
years. EMERGING MARKETS
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South Africa's rand strengthened in early trade on Thursday,
as the dollar hovered around seven-week lows after the U.S.
Federal Reserve signalled that its rate hike campaign could
be nearing the end. KENYA MARKETS
The Kenyan shilling weakened on Thursday, hurt by
demand for hard currency importers, traders
said. KENYA TRADE
Kenya expects to finish talks for a trade and investment
deal with the United States by the end of this year and to
sign the agreement by April 2024, Trade Minister Moses Kuria
said. NIGERIA AVIATION
Nigeria is aiming to release money from foreign airlines'
ticket sales, held up by dollar shortages in the country,
and has already started making some payments, Aviation
Minister Hadi Sirika said on Thursday. ETHIOPIA CONFLICT
Ethiopia has established an interim administration for the
country's war-ravaged northern Tigray region, the prime
minister's office said on Thursday, a key step in the
implementation of a peace agreement. GHANA ELECTRICITY
Ghana's independent power producers have rejected a
government proposal to restructure a $1.4 billion debt owed
them by the West African nation, the chief executive of
their lobby group said on Thursday. UGANDA DEBT
Uganda said on Thursday it expects its mountainous public
debt to enter a "declining trend" helped by strong economic
growth, which is projected to hit 7% when the country
expects to begin oil production in 2025. GHANA DEBT
Ghana's international sovereign bond holders could take a
35% net present value loss, JPMorgan analysts said on
Thursday, after the country finished a domestic debt
restructuring last month in a bid to overcome a deep
economic crisis. 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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