off-the-wire

African Markets - Factors to watch on April 3

Kitco Media
By Reuters
Published:
Updated:
Reuters
NAIROBI, April 3 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - - GLOBAL MARKETS Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in U.S. price data had boosted market optimism. WORLD OIL PRICES Oil prices jumped about $5 a barrel on Monday's open, jolted by a surprise announcement by OPEC+ to cut production further in an effort to support market stability. 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 African stocks slipped as the rand firmed on Friday, a day after the central bank hiked interest rates more than expected.


KENYA MARKETS


The Kenyan shilling KES= held steady against the dollar on Friday, as foreign exchange inflows from the agriculture sector and tea companies buttressed the local unit, traders said.


KENYA


POLITICS


Kenyan opposition leader Raila Odinga said on Sunday he was suspending anti-government protests and was ready for talks after an appeal from President William Ruto, though he warned that demonstrations could restart in days.


BURKINA FASO POLITICS


Burkina Faso has expelled two French journalists working for newspapers Le Monde and Liberation, the two publications said on Sunday, accusing the authorities of seeking to stifle freedom of speech with an escalating crackdown on foreign media.


RWANDA IMMIGRATION


Britain's interior minister Suella Braverman said she was convinced Rwanda was a safe country to resettle migrants who had arrived in Britain illegally but she declined to set any deadline for the first deportations to the country.


SUDAN POLITICS


The signing of an agreement to name a Sudanese civilian government and launch a new transition towards elections was delayed until April 6, a spokesman for the negotiation process said on Saturday.


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