NAIROBI, April 20 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Thursday.
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GLOBAL MARKETS
Asian stocks edged lower on Thursday, while the dollar was
on the back foot as investors remained cautious ahead of an
expected 25 basis point hike in interest rates by the U.S.
Federal Reserve next month. WORLD OIL PRICES
Oil prices fell in Asian morning trade on Thursday as the
U.S. dollar strengthened on rate-hike expectations and after
recent economic data from the U.S. and China did not do
enough to encourage expectations that demand will
improve. EMERGING MARKETS
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The South African rand recovered some losses it incurred
earlier on Wednesday after local inflation data showed a
rise in prices for the second consecutive month. KENYA MARKETS
Kenya's shilling weakened on Wednesday, undermined by
increased demand for dollars from oil retailers and
manufacturers, and listed companies preparing to pay
dividends to their foreign shareholders, traders
said. UGANDA CORRUPTION
A third Ugandan minister was charged on Wednesday with
corruption in a widening government scandal over the alleged
theft of thousands of metal roofing sheets intended for a
relief programme in the northeastern Karamoja
region. GHANA ECONOMY
Ghana's economy grew 3.1% year-on-year in 2022, compared
with a growth rate of 5.1% the previous year, the country's
statistics agency said on Wednesday. ZAMBIA DEBT
Zambia's official creditors, which include China, are
getting closer to signing a memorandum of understanding on
debt relief to the country in May, in what would be a key
step needed to pave the way for more IMF funding, sources
told Reuters. NAMIBIA CENTRAL BANK RATE
Namibia's central bank on Wednesday raised its main lending
rate by 25 basis points to 7.25%. 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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