African Markets - Factors to watch on April 18

Kitco Media
By Reuters
Published:
Updated:
Reuters
NAIROBI, April 18 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - GLOBAL MARKETS Asia's shares pared losses on Tuesday as China's economy recorded a stronger-than-expected recovery from punishing pandemic lockdowns last year that led to a major slowdown. WORLD OIL PRICES Oil prices held steady in early trading on Tuesday after falling 2% in the previous session, with markets awaiting the release of economic data in China, looking for signs of economic recovery and growth to offset weakening demand elsewhere. 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


The South African rand fell on Monday as the dollar gained on global markets, while stocks were down at the day's close. KENYA MARKETS


The Kenyan shilling weakened slightly on Monday on demand for dollars from energy importers and foreign-owned firms looking to pay dividends to overseas shareholders, traders said. SUDAN SECURITY


Sudan's battling factions both claimed to have made gains on Monday as violence cut power and water in the capital, and the U.N. envoy to Sudan said the two sides showed no signs of being willing to negotiate. NIGERIA AVIATION
Domestic flights in Nigeria were being disrupted on Monday, local airlines said, as aviation employees in Lagos blocked roads to the country's busiest local airport to begin a two-day strike in protest over working conditions and wages. TANZANIA MINING
Tanzania on Monday signed agreements worth $667 million with three Australian companies to mine rare earth minerals and graphite, part of the president's drive to fast-track negotiations on long-pending mining and energy projects. IVORY COAST COCOA Below-average rains last week in most of Ivory Coast's cocoa growing regions raised fears of tight supply and poor quality for the April-to-September mid-crop, farmers said on Monday. UGANDA GROWTH Uganda's economy grew 6.8% in the first six months of the 2022/23 fiscal year that runs until the end of June, up from 3.7% in the same period of the previous fiscal year, the finance ministry said on Monday. 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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